The carbon credit trading platform market has seen substantial growth, increasing from $0.14 billion in 2023 to $0.17 billion in 2024, with a compound annual growth rate (CAGR) of 23.0%. This growth is driven by the urgent need to combat climate change, a shift in corporate mindset towards sustainability, integration of renewable energy project offsetting, increasing regulatory standards, and escalating corporate commitment to sustainability practices. The market is expected to grow to $0.40 billion by 2028, at a CAGR of 23.3%. Factors contributing to this future growth include increased emphasis on carbon neutrality, the search for effective carbon offset mechanisms, growing corporate commitment to sustainability, rising green investment, and the adoption of policies targeting carbon emissions. Major trends expected during the forecast period include the demand for net-zero carbon emissions, adoption of blockchain technology, integration of carbon credits with ESG goals, growth in nature-based solutions, and improved standards for verifying and certifying carbon credits.
Global Carbon Credit Trading Platform Market Key Driver
The rising green investment is expected to propel the growth of the carbon credit trading platform market. Green investment involves funding environmentally sustainable projects that reduce environmental impact, driven by consumer preferences, financial incentives, and regulatory support. This investment fosters the development of platforms for the transparent trading of carbon credits, aiding global climate change efforts. For example, the International Energy Agency's World Energy Investment 2023 report noted an increase in global clean energy investment from $1,617 billion in 2022 to $1,740 billion in 2023. This growth in green investment is driving the carbon credit trading platform market.
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Global Carbon Credit Trading Platform Market Segments
The carbon credit trading platform market covered in this report is segmented –
1) By Type: Voluntary Carbon market, Regulated Carbon market
2) By Platform Type: Exchange Platforms, Registry Platforms
3) By Application: Cap And Trade, Baseline And Credit
4) By End-Use Industry: Industrials, Utilities, Energy, Petrochemical, Aviation, Other End-Use Industries
By Geography:The regions covered in the carbon credit trading platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the carbon credit trading platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Carbon Credit Trading Platform Industry Players
StoneX Group Inc, S&P Global Inc., Intercontinental Exchange Inc., Nasdaq Inc., European Energy Exchange AG (EEX), Xpansiv, APX Inc., Blue Source LLC, Verra, Carbon Trade Exchange, ClimateTrade, Veridium Labs, Gold Standard, Global Carbon Council, Likvidi, Toucan, South Pole, Karbone, Climate Impact X, Carbonplace, EKI Energy Services ltd.
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Carbon Credit Trading Platform Market Overview
A carbon credit trading platform is a marketplace where carbon credits can be bought and sold. Carbon credits are certificates that represent the reduction or removal of one metric ton of carbon dioxide or its equivalent in other greenhouse gases. These platforms facilitate transactions between buyers, who need to offset their carbon emissions, and sellers, who have achieved reductions through various projects such as renewable energy, reforestation, or energy efficiency improvements.
Carbon Credit Trading Platform Global Market Report 2023 provides data on the global carbon credit trading platform market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The carbon credit trading platform market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
