Carbon Credit Trading Platform Market to witness a phenomenal growth by 2027 according to a new research report
- Media Manager
- Jan 10, 2024
- 1 min read
WhaTech
Written By:
Published: January 10th, 2024
The demand for quality carbon credit trading platforms is at an all-time high due to the strong eagerness of industries and businesses to act on climate change and reduce global warming. The demand for carbon credits is expected to increase significantly in the coming years.
According to a new market research report, the global carbon credit trading platform market is expected to reach USD 317 million by 2027 from an estimated USD 106 million in 2022, at a CAGR of 24.4% from 2022 to 2027. The global carbon credit trading platform market is expected to witness significant growth during the forecast period due to the surge in demand for carbon credits resulting from the increased investments in the carbon capture technologies as well as renewable energy adoption.
The carbon markets are differentiated into two segments as voluntary carbon markets and regulatory/ compliance carbon markets. There is a difference between these in terms of regulations, impact and the share in the market, among other factors. The funding into projects for reduction of carbon emissions is helping to drive the market for voluntary carbon market. A few major players have a wide regional presence and dominate the switchgear market. The leading players in the carbon credit trading platform market include Nasdaq, Inc. (US), EEX Group (Germany), AirCarbon Exchange (ACX) (Singapore), Intercontinental Exchange, Inc. (US) and Xpansiv (US).
