The global Emissions Trading Market Growth Accelerated by Policy Support

Emissions Trading Market


 Emissions trading, also known as cap and trade, is an environmental policy tool used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. Under an emissions trading scheme, a cap is placed on the total amount of a pollutant that can be emitted. The cap is reduced over time so that total emissions also decline. Companies are allocated emissions permits which they can buy and sell as needed depending on their requirements. This provides flexibility to those who need to reduce emissions further and encourages emission cuts where they can be made most cost-effectively.


The global Emissions Trading Market is estimated to be valued at US$ 334.8 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Policy support for emissions trading schemes is one of the major trends driving the growth of the market. Governments around the world are implementing regulations and instituting carbon pricing mechanisms to meet their commitments under the Paris Agreement. The EU Emissions Trading System remains the largest carbon market globally and there is a growing interest in adopting cap-and-trade programs across North America and Asia Pacific regions. The linking of regional trading schemes is another key trend that allows for greater market liquidity and depth. Supportive public policies are expected to accelerate the adoption of emissions trading over the forecast period.


Segment Analysis

The global emissions trading market is dominated by carbon credits sub-segment. Carbon credits allow companies and countries to offset their carbon emissions by purchasing credits representing emission cuts made by other entities. They play a pivotal role in helping organizations meet their emission reduction targets in a cost-effective manner. Projects that generate carbon credits include renewable energy installations, energy efficiency improvements, and forestry programs.

Key Takeaways

The Global Emissions Trading Market Share is expected to witness high growth. The global Emissions Trading Market is estimated to be valued at US$ 334.8 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030.

The European regional market accounted for the largest share in 2023 and is estimated to grow at a steady rate during the forecast period, driven by the stringent emission norms under the EU emissions trading system. The system covers around 11,000 power stations and industrial plants in 31 countries, accounting for nearly 40% of total EU emissions.

Key players related content comprises Key players operating in the emissions trading market are Johnson & Johnson Services, Inc., EDF, RWE, Xcoal Energy & Resources, Peabody, and Ecosecurities. The market has witnessed the rise of new entrants in recent times as the carbon credit business gains more traction globally. Companies are focused on expanding their project portfolios across regions to tap the increasing demand. Strategic initiatives like acquisitions and partnerships remain important for key players to capitalize on growth opportunities.

For more insights, Read- https://www.insightprobing.com/emissions-trading-market-growth-demand-and-overview/

 

Comments

Post a Comment

Popular posts from this blog

The Notchback Market is Estimated To Witness High Growth Owing To Rising Demand From Emerging Economies

Image
  Notchback Market Market Overview: A notchback is a body style of cars characterized by a gently sloped rear window and greenhouse. Notchbacks provide practical interior space with good cargo capacity. They offer balanced interior volume for passengers and cargo along with sleek and stylish exterior design. The body style has advantages like no C-pillar which enhances visibility compared to sedans. Market key trends: The growth of the notchback market is attributed to rising demand from emerging economies like China, India and Brazil. These nations have growing middle-class population and increasing disposable income which is driving vehicle ownership. Moreover, notchback body style is quite popular in these developing markets due to its spacious cabin combined with stylish looks at affordable prices. Leading automakers are launching various notchback models to cater to the surging demand from developing countries, which is fueling the growth of the notchback market size during ...
Read more

Commercial Drones Market is Poised to Register Notable Growth Owing to Expanding Usage Across Varied Industries

Image
  Commercial Drones Market  The commercial drones market has been gaining significant traction over the recent years primarily driven by expanding deployment across various industries including agriculture, infrastructure, disaster management, and transportation among others. Commercial drones offer several advantages including cost-effectiveness, flexibility, precision and real-time monitoring capabilities. Meanwhile, growing popularity of drone delivery services across e-commerce as well as healthcare sectors has further catalyzed the market growth. Drones help in reducing operational costs while effectively meeting the target delivery timelines. Additionally, continuous technological advancements have resulted in miniaturization and development of drones with increased payload capacity and battery life. The Global commercial drones market is estimated to be valued at US$ 22.29 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031. Key T...
Read more

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

Image
Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Pe...
Read more