Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs), and sulfur hexafluoride (SF6). One carbon offset represents the reduction of one metric ton of carbon dioxide or its equivalent in other greenhouse gases.
There are two markets for carbon offsets. In the larger, compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they are allowed to emit. This market exists in order to achieve compliance with obligations of the Kyoto Protocol, and of liable entities under the EU Emission Trading Scheme.
In the much smaller, voluntary market, individuals, companies, or governments purchase carbon offsets to mitigate their own greenhouse gas emissions from transportation, electricity use, and other sources. For example, an individual might purchase carbon offsets to compensate for the greenhouse gas emissions caused by personal air travel. Many companies offer carbon offsets as an up-sell during the sales process so that customers can mitigate the emissions related with their product or service purchase (such as offsetting emissions related to a vacation flight, car rental, hotel stay, consumer good, etc.).
In the report, we mainly discuss the global voluntary carbon market. Since voluntary carbon's projects are located around the world, the report's data is mainly based on the actual customer location. In 2017, the global voluntary carbon market is led by Europe. USA is the second-largest region-wise market.
Frankly speaking, people hope to build a low-carbon society. Many companies are carrying out these actions. However, excluding the EU market, due to various factors, developing countries and some developed countries are not willing to bear this responsibility. Companies are not willing to bear high costs unless enforced. For many regions, the compliance market is just an ideal. While total voluntary offset emissions reductions remain small compared to what’s needed to combat climate change globally, actions on the voluntary markets have a ripple effect into compliance markets. Despite the comparatively small volume, voluntary offsets have an outsized impact on compliance markets and on emissions reductions activities in general.
The volume of offsets sold represents total voluntary market activity (and by extension, market health). Yet on the primary market, volumes sold are also indicative of climate impact as well. For example, if many offsets are sold, more project developers may be interested in entering the market, thus driving up global emissions reductions. Lower volumes sold mean that sellers couldn’t find enough buyers, which may result in some project developers discontinuing their projects. Some buyers are simply looking for the lowest cost way to reduce emissions, and care little about the type of project they support.
In 2018, the global Carbon Offset/Carbon Credit Trading Service market size was 230 million US$ and it is expected to reach 230 million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Carbon Offset/Carbon Credit Trading Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Carbon Offset/Carbon Credit Trading Service development in United States, Europe and China.
The key players covered in this study
Carbon Credit Capital
Terrapass
Renewable Choice
3Degrees
NativeEnergy
GreenTrees
South Pole Group
Aera Group
Allcot Group
Carbon Clear
Forest Carbon
Bioassets
Biofílica
WayCarbon
CBEEX
Guangzhou Greenstone
Market segment by Type, the product can be split into
Industrial
Household
Energy Industry
Other
Market segment by Application, split into
REDD Carbon Offset
Renewable Energy
Landfill Methane Projects
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Carbon Offset/Carbon Credit Trading Service status, future forecast, growth opportunity, key market and key players.
To present the Carbon Offset/Carbon Credit Trading Service development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Carbon Offset/Carbon Credit Trading Service are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Carbon Offset/Carbon Credit Trading Service . Industry analysis & Market Report on Carbon Offset/Carbon Credit Trading Service is a syndicated market report, published as Global Carbon Offset/Carbon Credit Trading Service Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Carbon Offset/Carbon Credit Trading Service market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.