Carbon credit trading platform market is anticipated to grow at a significant CAGR of 15.4% during the forecast period (2024-2031). Carbon credit trading platforms are used by various industries aiming to reduce greenhouse gas emissions, enabling the trading of emission units (carbon credits), which are certificates representing emission reductions. Trading enables entities to reduce emissions at a lower cost and to be paid to do so by higher-cost emitters. Carbon credits are allotted to organizations based on government norms, wherein a single credit represents one ton of CO2e (or carbon dioxide equivalent) that the company is allowed to emit which can be traded to other companies as per carbon emission requirement.
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Since the 2015 Paris Agreement, market-based measures for carbon reduction have grown quickly, wherein, governments are using carbon tradingas a tactic to reduce emissions and compensate for excess carbon emissions caused by important industries. As per the United Nations Development Programme (UNDP) in 2023, 73 national and subnational jurisdictions account for 11.6billion tons of CO2e emissions, or around 23.0% of global greenhouse gas emissions, the EU, the UK, Sweden, and China are among them. Further, cap-and-trade schemes are one of the alternatives designed to create economic incentives for nations and companies to lessen their impact on the environment. For instance, in June 2021, China launched a national carbon Emissions Trading Scheme (ETS), expected to be the world’s largest carbon market, to curb climate change effects and to achieve the country’s goals of reaching peak emissions by 2030 and net zero emissions by 2060.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Carbon Credit Trading Platform Market by Type
- Voluntary
- Compliance / Regulated
Global Carbon Credit Trading Platform Market by System Type
- Cap and Trade
- Baseline and Credit
Global Carbon Credit Trading Platform Market by End User
- Industrial
- Utilities
- Energy
- Petrochemical
- Aviation
- Other (Paper Industry)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AirCarbon Exchange
- Aviation Carbon eXchange (ACE)
- BetaCarbon Pty Ltd
- Carbonplace UK Ltd.
- Carbon Credit Capital, LLC.
- CARBON EX Inc.
- Climate Impact X Pte. Ltd
- CLIMATETRADE
- Climate Vault, Inc.
- CME Group Inc.
- Environmental Market Services Ltd. (Carbon Trading Exchange)
- European Energy Exchange AG
- Flow Carbon Inc.
- Intercontinental Exchange, Inc.
- Likvidi Technologies Ltd.
- Nasdaq Inc.
- South Pole
- Toucan
- United Nations Carbon Offset Platform
- Xpansiv Ltd.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global carbon credit trading platform market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
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