Carbon Credit Trading Platform Market Digital Solutions for a Greener World: The Carbon Credit Trading Platform Market

Carbon Credit Trading Platform Market

Carbon Credit Trading Platform Market to reach over USD 812.7 million by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Carbon Credit Trading Platform Market Size, Share & Trends Analysis Report By Type (Voluntary Carbon Market And Regulated Carbon), System Type (Cap, Trade, Baseline, And Credit Systems) And End Users (Industrial, Utilities, Energy, Petrochemical, Aviation), Region, Market Outlook And Industry Analysis 2031"

The Global Carbon Credit Trading Platform Market is estimated to reach over USD 812.7 million by 2024-2031, exhibiting a CAGR of 25.05% during the forecast period.

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With the war on global warming gathering momentum, carbon markets are more critical than ever in achieving net-zero greenhouse gas emissions. There is a growing interest among investors in funding projects and companies that are environmentally sustainable. Investors can participate in the carbon market through carbon credit trading systems by financing projects that generate carbon credits. This reduces greenhouse gas emissions and creates opportunities for financial gain.

The market for carbon credit trading platforms is also growing due to several factors. These include encouraging sustainable behavior, raising the demand for carbon credits, and providing a platform for efficient trade and investment in emission reduction initiatives.

Furthermore, the sale of carbon credits is made more efficient, transparent, and traceable through digital platforms and blockchain technology. These advancements facilitate the establishment and adoption of carbon credit trading platforms in the region. The nation's commitment to reducing its emissions of greenhouse gases and establishing a low-carbon economy further drives up demand for carbon credit trading platforms to achieve emission reduction targets.

List of Prominent Players in the Carbon Credit Trading Platform Market:

• Nasdaq, Inc.
• Pathzero
• Planetly
• Public Investment Fund
• South Pole Group
• Toucan
• Xpansiv
• Air carbon Exchange (Acx)
• Beta carbon
• Carbon Credit Capital
• Carbon Trade Exchange (Ctx)
• Carbonex
• Carbonplace
• Climate Impact X
• Climatetrade
• CME Group
• Eex Group
• Flowcarbon
• Intercontinental Exchange, Inc.
• Likvidi

Market Dynamics:
Drivers-
Investments in clean power generation, electrification, and the replacement of deteriorating infrastructure to achieve improved efficiency drive the market's growth. The market's quick industrial development has increased demand for carbon credit trading platforms.

To safeguard particular forest ecosystems and populations, as well as to generate long-term value, several corporations are investing in the trading of carbon credits. The market for carbon credit trading platforms is primarily driven by introducing strict environmental rules and policies intended to reduce greenhouse gas emissions. Organizations must abide by the emission reduction goals governments and other international organizations set.

Challenges:
Potential market participants' limited knowledge and understanding of the trading of carbon credits can be a major barrier. Some businesses need to be aware of the advantages and workings of trading carbon credits, or they may need to comprehend the value proposition completely.

The market for carbon credits is susceptible to volatility and unpredictability because of things like shifting political climates, changing regulatory environments, and market fluctuations. Upcoming emission reduction goals and the overall demand for carbon credits negatively impact the market's stability. For market participants, there needs to be more standardization and regularity in carbon credit trading processes to provide challenges to market growth.

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Regional Trends:
The North American carbon credit trading platform market is expected to register a no. market share. North America has put in place rigorous environmental restrictions to cut greenhouse gas emissions, especially in the United States and Canada. The development and management of carbon credit trading systems benefit greatly from the technological breakthroughs made in the North American region.

To meet their emission reduction goals, governments in North America are actively supporting carbon credit trading projects. They offer incentives, subsidies, and grants to entice businesses to trade carbon credits and invest in clean technologies. Besides, Europe had a substantial share. Europe is renowned for its innovations and advances in clean technologies.

To fulfil their duties to reduce emissions, European businesses in the industrial, transportation, and power generation sectors actively participate in the carbon credit trading market. The expansion of carbon credit trading platforms in Europe is fueled by various industries engaging in the market, generating liquidity and trading opportunities.

Key Developments:
• In Sept 2022, AirCarbon Pte Ltd, a Singapore-based corporation facilitating carbon credit trading, is considering developing a presence in India. AirCarbon demands a presence in India because it anticipates India to participate significantly in the global carbon market. Carbon markets involve purchasing and selling carbon credits (or carbon offsets). Carbon credits are awarded to businesses (or even individuals) for actions that reduce carbon dioxide emissions or absorb carbon dioxide from the atmosphere.

• In June 2022, Zerocap has partnered with ANZ Bank and carbon credits platform Beta Carbon to enable the successful trading of tokenised Australian carbon credits (BCAU) using the ANZ Bank-issued A$DC stablecoin on its platform. Innovative transaction executed for Zerocap client Victor Smorgon Group to promote frictionless and secure digital transacting for carbon abatement instruments and climate control assets.

• In Jan 2022, UN Climate Change has entered into a new partnership with the AirCarbon Exchange (ACX) to promote carbon offsetting through emission reductions certified by the UN Framework Convention on Climate Change (UNFCCC) secretariat. The partnership will enable ACX clients from 30 countries to acquire and retire 'Certified Emission Reductions' (CERs) for carbon offsetting purposes. It will be the second exchange in the world and the first in Asia to list CERs held in the UNFCCC Clean Development Mechanism (CDM) registry. This database retains and monitors CERs, including their retirement.

Segmentation of Carbon Credit Trading Platform Market-
By Product-
• Voluntary Carbon
• Regulated Carbon
By System Type-
• Cap And Trade
• Baseline And Credit Systems
By End Users
• Industrial
• Utilities, Energy
• Petrochemical
• Aviation
• Others.
Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.