Emissions Trading Market Growth Accelerated By Increased Demand For Carbon Credits

 

Emissions Trading Market


The global Emissions Trading Market is estimated to be valued at US$ 385.69 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights. Emissions trading market involves trading of permits that allow companies and other organizations in regulated industries to emit carbon dioxide and other greenhouse gases. These permits are issued by regulatory authorities, such as the Environmental Protection Agency (EPA) in the US, and can be traded in emissions trading platforms. Companies can buy permits if their emissions exceed their quotas to remain compliant with regulations. The Emissions Trading Market finds widespread applications across power generation, oil & gas, industrial, and commercial & residential sectors to effectively lower carbon emissions.

Market key trends:
The increased demand for carbon credits has been one of the key trends driving the growth of the emissions trading market. Carbon credits are certificates issued for emissions reductions from activities like renewable energy projects or investments in forestry programs. These credits can be traded in emissions trading platforms and companies can buy these carbon offsets to achieve emission reduction compliance. As more countries and regions adopt carbon pricing mechanisms and set stringent emission targets, the demand for carbon credits is expected to surge significantly over the coming years. Organizations are increasingly undertaking voluntary carbon offset programs to achieve carbon neutrality goals. This growing offset demand from voluntary corporate climate programs is estimated to boost the emissions trading market during the forecast period.

Segment Analysis
The Global Emissions Trading Market Share is dominated by the carbon credits segment. Carbon credits dominate as they allow heavy polluting entities to offset their emissions by purchasing credits generated by other entities that have reduced emissions. As emission regulations are increasingly getting stringent across the world, there is growing demand for carbon credits to comply with caps on greenhouse gas emissions set by regulators. Other major segments include renewable energy certificates and energy efficiency certificates, however, carbon credits account for over 60% of the overall market currently due to their widespread use in emission compliance.

Key Takeaways
The global emissions trading market is expected to witness high growth driven by stringent government policies and regulations to curb environmental pollution and transition to a low-carbon economy. The market size is projected to reach nearly US$ 385.69 Billion by 2024.

Regional analysis: Europe dominates the global emissions trading market currently, accounting for over 40% of the total share. Stricter emission norms in the EU such as the EU emissions trading system have boosted the uptake of emissions trading solutions in the region. However, the Asia Pacific region is emerging as the fastest growing regional market due to the large manufacturing and industrial sector in countries such as China, India, and South Korea adopting emissions caps and carbon pricing mechanisms.

Key players: Key players operating in the emissions trading market are Johnson & Johnson Services, Inc., 3M, Baxter, Coloplast A/S, Integra LifeSciences, Medtronic, Omeza, Cardinal Health, Bactiguard AB, Noventure, Essity, Schulke & Mayr GmbH, Smith & Nephew Plc., Convatec Group PLC, SANUWAVE and SANUWAVE Health, Inc., EO2 Concepts, Wound Care Advantage, LLC., Healthium Medtech Limited, Arch Therapeutics, Inc., Hydrofera, Sanara MedTech Inc., Axio Biosolutions Pvt Ltd., and Gentell, Inc. Major players are focusing on partnerships, new product launches, and geographic expansion to gain an edge over competitors in this developing market space.

Get more insights on this topic: https://www.ukwebwire.com/emissions-trading-market-size-and-share-analysis-growth-trends-and-forecasts/

Explore more information on this topic, Please visit: https://captionssky.com/bunker-fuel-a-gateway-for-global-trade-but-hazard-for-environment/



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