Report ID: SQMIG25E2111
Carbon Credits Market Size, Share, Growth Analysis, By Type (Regulatory, Voluntary), By Project Type (Avoidance/Reduction Projects, Removal/Sequestration Projects), By End-use (Aviation, Energy, Industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2111 |
Region:
Global |
Published Date: November, 2024
Pages:
223
|
Tables:
88 |
Figures:
66
Carbon Credits Market Regional Insights
In 2022, the Asia-Pacific emerged as the dominant force in the global carbon credits market and is anticipated to maintain its position as the fastest-growing region throughout the forecast period. The market's prevalence in countries such as China, Japan, India, among others, is attributed to numerous sustainability initiatives undertaken by companies within this region. Notably, countries such as Japan have made significant strides in promoting sustainability, exemplified by the decision in May 2022 to launch the region's inaugural exchange specifically dedicated to carbon emissions trading.
North America plays a significant role in the carbon credits market, contributing to the evolution and development of carbon trading initiatives. The region has seen active engagement in establishing and implementing various carbon pricing mechanisms, including cap-and-trade systems and carbon markets, across different states and provinces. Jurisdictions within North America, such as California and Quebec, have established linked cap-and-trade systems, indicating a collaborative approach to addressing carbon emissions.
Carbon Credits Market Report Snapshots
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