In June 2024: Carbon EX and Korean IT company SK C&C signed a MOU to expand the carbon credit business. This MOU is signed under a detailed partnership between two entities to expand the size & volume of their carbon credit business.
According to MarkNtel Advisors study, The Global Carbon Credit Trading Market size is estimated to grow at an impressive rate during the forecast period, i.e., 2024-30.
One of the emerging trends in the carbon credit trading industry is the integration of blockchain and AI, which is revolutionizing the monitoring, verification, and trading of carbon credits. Blockchain technology helps improve transparency, security, and traceability while preventing concerns like fraud and duplicate counting. This ensures that each carbon credit has a unique number. Market participants and regulators are more trusting of one another since this technology provides a permanent record of transactions.
On the other hand, AI improves data processing skills, making it possible to measure, report, and verify (MRV) emissions reductions with greater precision. Large datasets may be processed by AI algorithms to forecast market trends, optimize trading techniques, and track impacts on the environment in real-time. When used in tandem, blockchain and AI improve the efficiency, dependability, and transparency of the carbon credit trading system, drawing more players and augmenting the revenue growth of the market.
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Key Findings in Carbon Credit Trading Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
· Market Dimensions & Projections
· Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Carbon Credit Trading Market Key Players:
Intercontinental Exchange, Inc., Xpansiv, Carbonex, EEX Group, AirCarbon Exchange, Carbon Trade Exchange, CME Group, Climate Impact X, Carbon Place, Planetly, Toucan, EnKing International, ClimateTrade, Carbon Credit Portal, Flow Carbon, and others.
Market Segmentation Overview:
By Type
-Voluntary
-Compliance Based
By End User Industry
-Energy
-Power generation
–Oil and gas
–Renewable Projects
-Manufacturing and Heavy Industry
–Cement
–Steel
–Chemicals
–Others
-Transportation
–Aviation
–Marine
–Automobile OEMs
-Forestry and Agriculture
-Others
The Global Carbon Credit Trading Market is ruled by the energy sector with the biggest market share. It is likewise expected that this sector will maintain its dominant position during the forecast forecast period. The foremost issue in the back of this domination is the large quantities of greenhouse fuel emissions generated by power plants, the extraction of oil & gas, and other electricity-associated activities. The energy segment is a key participant in carbon buying and selling because it comes below strict regulatory frameworks. Companies working inside the energy industry can buy and sell carbon credits to offset their emissions and fund the development of greener technology via collaborating in carbon buying and selling.
Furthermore, the energy industry serves as a focus factor for carbon credit marketplace measures aiming at accomplishing huge reductions in international carbon emissions due to its huge infrastructure and heavy capital expenditure in carbon-in-depth operations. The industry’s participation in carbon credit trading promotes the transfer to renewable energy sources and greater environmentally pleasant activities at the same time as additionally helping in the mitigation of negative impacts of climate change.
By Type of Enterprises
-Large Enterprises
-Medium & Small Enterprises
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Carbon Credit Trading Industry Recent Development:
In November 2023: Mizuho Financial Group and Singapore-based global carbon market and exchange Climate Impact X (CIX) partnered to jointly cater to the increasing demand for international carbon credits in Japan. This strategic partnership through a significant investment aims to facilitate cross-border trading and connectivity between markets.
About MarkNtel Advisors:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.
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