Building Materials and Construction Contributing Large Share

Pooja Khodke

Building Materials and Construction Contributing Large Share

The global Carbon Offset Market is estimated to be valued at US$ 414.80 Bn or Mn in 2023 and is expected to exhibit a CAGR of 31.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Carbon offsets are traded as credits that counterbalance carbon dioxide emissions from the use of fossil fuels. They allow individuals and organizations to reduce their carbon footprints and achieve carbon neutrality by investing in projects that prevent greenhouse gas emissions or remove carbon from the atmosphere through forestation activities. Carbon offsetting allows flexibility for organizations finding it difficult to directly reduce emissions in their core business activities.

Market key trends:

One of the key trends in the carbon offset market is the rising demand from corporate entities to achieve net-zero targets. A large number of companies have committed to net-zero goals aligned to limiting global temperature rise to 1.5°C as recommended by the Paris Agreement. This has significantly increased demand for high-quality carbon credits that can help companies neutralize emissions from operations and supply chains. Various initiatives promoting standardized methodologies to measure, report, and verify emission reductions are also fueling growth of the market.

Segment Analysis:

The global carbon offset market is segmented based on type, project, regional scope. Based on type, the market is divided into industrial, household, energy, transportation, and others. Among these, the industrial segment captured over 50% market share in 2022 owing to large scale industrial operations across manufacturing and production units. The industrial segment is expected to retain its dominance over the forecast period supported by stringent regulations imposed on industries to curb their carbon footprint.

Based on project, the market is classified into renewable energy, forestry, landfill methane projects and others. The forestry segment accounts for a significant share of the carbon offset market as restoring and expanding forests is one of the most effective means to remove carbon dioxide from the atmosphere. Forests are a major carbon sink and their protection and growth can offset large amounts of greenhouse gases.

Key Takeaways:

- The global Carbon Offset Market size was valued at US$ 414.80 billion in 2023 and is expected to grow at a CAGR of 31.7% during the forecast period owing to stringent government policies and regulations toward decarbonization.

- Regionally, North America dominated the carbon offset market with over 35% share in 2023 due to early adoption of carbon offset programs in the US and Canada. Europe followed North America in the carbon offset space with nearly 30% share supported by EU's Emissions Trading System.

- Key players operating in the carbon offset market are 3Degrees Inc., NativeEnergy, ClimatePartner, Carbon Credit Capital, Terrapass, Renewable Choice Energy, Gold Standard, Offsetters, South Pole Group, Veridium, Cool Effect, ClimateCare, MyClimate, Forest Carbon, Verified Carbon Standard. 3Degrees Inc. and NativeEnergy captured significant market share owing to their expertise in carbon offset project development and portfolio management.

Pooja Khodke

Carbon Offset Market Is Estimated To Witness Strong Growth Owing To Reducing Environmental Footprint

Ashish Thapa 2024-02-07

The global Carbon Offset Market is estimated to be valued at US$ 477. Porter's Analysis Threat of new entrants: The carbon offset market requires high initial investment in establishing offset projects and certification which poses a barrier for new players. Key Takeaways The global Carbon Offset Market Demand is expected to witness high growth over the forecast period driven by stringent emission targets. Regional analysis: Europe dominates with the EU ETS being the largest compliance carbon market globally. Key players operating in the carbon offset market are AptarGroup, Weener Plastics Group, Bormioli Rocco Pharma, Pacific Packaging Components, PCC Exol, SHL Group, O.

Carbon Offset Market Is Estimated To Witness High Growth Owing To Increasing Awareness About Environmental Sustainability

Vaishnavi Kashid 2023-09-12

The global Carbon Offset Market is estimated to be valued at US$ 414. The need for carbon offset products is increasing as businesses and consumers prioritize environmental sustainability and aim to achieve carbon neutrality. Additionally, individuals are also taking personal responsibility for their carbon emissions and offsetting them through various carbon offset programs. , NativeEnergy, ClimatePartner, Carbon Credit Capital, Terrapass, Renewable Choice Energy, Gold Standard, Offsetters, South Pole Group, Veridium, Cool Effect, ClimateCare, MyClimate, Forest Carbon, and Verified Carbon Standard. In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the carbon offset market. , NativeEnergy, ClimatePartner, Carbon Credit Capital, Terrapass, Renewable Choice Energy, Gold Standard, Offsetters, South Pole Group, Veridium, Cool Effect, ClimateCare, MyClimate, Forest Carbon, and Verified Carbon Standard.

Carbon Offset/Carbon Credit Market worth $1,602.7 Billion by 2028

marketsandmarkets 2023-04-12

The global Carbon Offset/Carbon Credit Market is projected to reach USD 1,602. Forest projects are in widespread development today for use in carbon offset markets as nature-based solutions have broad societal and environmental co-benefits. The market growth in Europe can be attributed to the rising focus on decarbonization with the increased investments in green technologies in the region. id=85350774 Key Market Players: Some of the major players in the Carbon Offset/Carbon Credit Market are South Pole Group (Switzerland), 3Degrees (US), Finite Carbon (US), EKI Energy Services Ltd. (India), and NativeEnergy (US) to boost their position in the carbon offset market.

Is Reforestation a Carbon Offset?

RAVI Kr. Jha 2022-09-11

Here are some facts about reforestation and carbon offsets. The carbon offset from this process is calculated in metric tons of CO2e, and is used to compensate other sources of greenhouse gases. In order to be considered an effective carbon offset, reforestation must be certified as a permanent carbon sink. It works by converting carbon dioxide into solid carbon in trees through the process of photosynthesis. However, this requires rigorous analysis of the many factors involved in reforestation projects.

3 Carbon Offset Programs Making a Real Impact on Climate Change

Ram Gupta 2023-08-14

In this essay, we will look at three carbon offset programs making real impacts on climate change. OYU Green works with communities around the world to develop sustainable solutions for reducing emissions from activities such as deforestation and agricultural practices. They also invest in renewable energy projects such as wind farms and solar plants which can replace more polluting sources of power generation like coal-fired power stations. This reduces our reliance on fossil fuels while helping to create jobs in rural areas where these technologies can be implemented most effectively. Overall these 5 carbon offset programs demonstrate how individual action combined has immense potential when it comes to fighting against climate change; whether it be protecting natural forests or investing heavily in green technologies everyone should do what they can to make difference no matter how small – because every bit counts!

Carbon Offset/Carbon Credit Trading Service Market Size Analysis and Growth (2021-2027): by Key Manufacturers| Carbon Credit Capital, Terrapass, Renewable Choice

nikhail 2021-07-07

Carbon Offset/Carbon Credit Trading Service market Overview(2021-2027)This report studies the Carbon Offset/Carbon Credit Trading Service Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.

Find the complete Carbon Offset/Carbon Credit Trading Service Market analysis segmented by companies, region, type and applications in the report.The report offers valuable insight into the Carbon Offset/Carbon Credit Trading Service market progress and approaches related to the Carbon Offset/Carbon Credit Trading Service market with an analysis of each region.

The report goes on to talk about the dominant aspects of the market and examine each segment.Top Manufacturer’s/ Keyplayers in the Global Carbon Offset/Carbon Credit Trading Service Market:Key Players: Carbon Credit Capital, Terrapass, Renewable Choice, 3Degrees, NativeEnergy, GreenTrees, South Pole Group, Aera Group, Allcot Group, Carbon Clear, Forest Carbon, Bioassets, Biofílica, WayCarbon, CBEEX, and Guangzhou GreenstoneClick Here To Access The Sample Carbon Offset/Carbon Credit Trading Service Market ReportResearch MethodologyThe various research methodologies such as the Primary research mechanism and secondary research mechanism are considered in the Carbon Offset/Carbon Credit Trading Service market report.

The data that is collected in the market report is provided through these research mechanisms.

The tools such as Porter’s Five Force model is used to perform a quantitative and qualitative analysis of the Carbon Offset/Carbon Credit Trading Service market.

The various historical data along with the future aspects are analyzed to provide information about the overall market size of the Carbon Offset/Carbon Credit Trading Service market at various levels.Buy Full Copy Global Carbon Offset/Carbon Credit Trading Service Report 2021-2026 @Research objectives:To study and analyze the global Carbon Offset/Carbon Credit Trading Service market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2027.To understand the structure of Carbon Offset/Carbon Credit Trading Service market by identifying its various sub segments.Focuses on the key global Carbon Offset/Carbon Credit Trading Service players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Carbon Offset/Carbon Credit Trading Service with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Carbon Offset/Carbon Credit Trading Service submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.The report lists the major players in the regions and their respective market share on the basis of global revenue.

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