Emerging technologies is fastest growing segment fueling the growth of Emissions Trading Market11/3/2023 The global Emissions Trading Market is estimated to be valued at US$ 334.80 billion in 2022 and is expected to exhibit a CAGR of 24% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: The Emissions Trading Market deals with trading of carbon credits between organizations and nations. It allows emitters to trade emissions allowances if their emissions are under or over the permitted level. Emerging technologies help optimize operations and reduce emissions in a cost-effective manner. Market key trends: One of the key trends driving the growth in Emissions Trading Market is the advancement of monitoring technologies to accurately quantify emissions. New satellite-based and aircraft monitoring solutions provide real-time and hyper localized emissions data at an affordable cost compared to traditional methods. They facilitate transparency and help businesses identify opportunities to minimize emissions. Developing countries are increasingly adopting such innovative monitoring solutions to strengthen their emissions reporting and climate actions. Segment Analysis The global emissions trading market is dominated by the carbon credits segment. This segment accounts for over 60% of the total market share owing to increased carbon emission regulations across major industries globally. Industries such as power & utilities, oil & gas, and manufacturing are the key contributors to global carbon emissions and are thus major adopters of carbon credits to offset their emissions. Key Takeaways The global Emissions Trading Market Share is expected to witness high growth, exhibiting CAGR of 24% over the forecast period, due to increasing regulations towards reducing carbon footprint and transitioning to cleaner sources of energy. The market size is anticipated to reach US$ 334.80 billion by 2023. Regional analysis Europe dominates the global emissions trading market with over 35% share due to stringent carbon emission norms by EU such as EU ETS. China and USA follow Europe in terms of market share due to their roles as top emitters of GHGs and growing policy focus on emissions reductions. Key players Key players operating in the emissions trading market include BP Plc, Royal Dutch Shell Plc, Total SE, Chevron Corporation, ExxonMobil Corporation, Engie SA, RWE AG, ON SE, Vattenfall AB, Gazprom, Mitsubishi UFJ Financial Group (MUFG), JPMorgan Chase & Co., Goldman Sachs Group, Inc., and Citigroup Inc. Major oil & gas players are actively involved in voluntary carbon markets and trading of carbon credits. Read More, https://www.insightprobing.com/emissions-trading-market-trends-size-and-share-analysis/
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
February 2024
Categories
All
|