Carbon OffsetCarbon Credit Trading Service Market
Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs), and sulfur hexafluoride (SF6). One carbon offset represents the reduction of one metric ton of carbon dioxide or its equivalent in other greenhouse gases.
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The scope of the Report:
There are two markets for carbon offsets. In the larger, compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they are allowed to emit. This market exists in order to achieve compliance with obligations of the Kyoto Protocol, and of liable entities under the EU Emission Trading Scheme.
Frankly speaking, people hope to build a low-carbon society. Many companies are carrying out these actions. However, excluding the EU market, due to various factors, developing countries and some developed countries are not willing to bear this responsibility. Companies are not willing to bear high costs unless enforced.
Manufacturer, Distributor, Downstream Client Companies Data Analysis:
Carbon Credit Capital, Terrapass, Renewable Choice, 3Degrees, NativeEnergy, GreenTrees, South Pole Group, Aera Group, Allcot Group, Carbon Clear, Forest Carbon, Bioassets, Biofílica, WayCarbon, CBEEX, Guangzhou Greenstone
Market Segment by Type, covers
Industrial
Household
Energy Industry
Other
Market Segment by Applications, can be divided into
REDD Carbon Offset
Renewable Energy
Landfill Methane Projects
Others
Carbon OffsetCarbon Credit Trading Service Market report also splits the market by region:
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
In the much smaller, voluntary market, individuals, companies, or governments purchase carbon offsets to mitigate their own greenhouse gas emissions from transportation, electricity use, and other sources. For example, an individual might purchase carbon offsets to compensate for the greenhouse gas emissions caused by personal air travel. Many companies offer carbon offsets as an up-sell during the sales process so that customers can mitigate the emissions related with their product or service purchase (such as offsetting emissions related to a vacation flight, car rental, hotel stay, consumer good, etc.).
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In the report, we mainly discuss the global voluntary carbon market. Since voluntary carbon’s projects are located around the world, the report’s data is mainly based on the actual customer location. In 2017, the global voluntary carbon market is led by Europe. USA is the second-largest region-wise market.
For many regions, the compliance market is just an ideal. While total voluntary offset emissions reductions remain small compared to what’s needed to combat climate change globally, actions on the voluntary markets have a ripple effect into compliance markets. Despite the comparatively small volume, voluntary offsets have an outsized impact on compliance markets and on emissions reductions activities in general.
The volume of offsets sold represents total voluntary market activity (and by extension, market health). Yet on the primary market, volumes sold are also indicative of climate impact as well. For example, if many offsets are sold, more project developers may be interested in entering the market, thus driving up global emissions reductions. Lower volumes sold mean that sellers couldn’t find enough buyers, which may result in some project developers discontinuing their projects. Some buyers are simply looking for the lowest cost way to reduce emissions, and care little about the type of project they support.
The global Carbon Offset/Carbon Credit Trading Service market is valued at 230 million USD in 2018 and is expected to reach 230 million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
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Key Points sheathed in the Carbon OffsetCarbon Credit Trading Service Market Report Coverage:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financial and recent developments
– Supply chain trends mapping the latest technological advancements
