PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383511
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383511
According to SPER Market Research, 'Global Voluntary Carbon Credit Market Size- By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Voluntary Carbon Credit Market is predicted to reach USD 49.2 billion by 2033 with a CAGR of 27.49%.
A certification known as a voluntary carbon credit (or "VCC") certifies that the holder has, through direct or indirect means, eliminated or decreased one metric tonne of carbon dioxide equivalent from the atmosphere in compliance with applicable laws and regulations. In order to offset emissions and assist in achieving net-zero emission targets, VCCs are usually established outside of any regulatory or compliance framework and are selected by the pertinent parties.
Furthermore, the voluntary carbon credit sector faced difficulties as well as opportunities as a result of the COVID-19 epidemic. The production and verification of carbon credits were impacted by supply-side disruptions, but shifting business priorities and increased sustainability consciousness impacted demand-side dynamics. The way businesses and consumers negotiate the post-pandemic environment and whether sustainability stays a top priority in recovery efforts will determine the market's long-term effects.
Market size available for years: 2019-2033
Base year considered: 2022
Forecast period: 2023-2033
Segments covered: By End User
Regions covered: North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered: 3Degrees, ALLCOT, Atmosfair, CarbonClear, Climate Impact Partners, ClimeCo LLC., EcoAct, Ecosecurities, Microsoft, PwC, Shell, South Pole, TerraPass, The Carbon Collective Company, The Carbon Trust, VERRA, Others
By End User: Based on the End User, Global Voluntary Carbon Credit Market is segmented as; Agriculture, Carbon Capture & Storage, Chemical Process, Forestry and Land Use, Household and Community, Industrial and Commercial, Renewable Energy, Transportation, Waste Management.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.