The global voluntary carbon market was valued at US$2,004.85 million in 2021 and is expected to reach 17.11 billion by 2027. On the other hand, the voluntary carbon market traded volume has reached 298.15 MtCO2e in 2021 and is projected to grow to 678.56 MtCO2e by 2027. The annual credit issuance has increased to 399.96 MtCO2e in 2021, whereas annual credit retirement has increased to 166.65 MtCO2e. The voluntary carbon market (VCM) enables carbon emitters to compensate for their unabated emissions by purchasing carbon credits produced by projects targeted at removing or reducing greenhouse gas (GHG) emissions from the atmosphere.
In recent years, there has been unprecedented momentum among global corporates to accelerate climate actions, driven by the growing pressure from governments, society, and financial market players. Despite a myriad of concerns around the existing practice of using carbon offsets as part of corporatesâ€™ environmental strategies, corporate pledges have resulted in explosive growth in demand for voluntary carbon credits. The global voluntary carbon market is determined to grow at a CAGR of 42.91% over the forecasted period of 2022-2027. At the same time, the voluntary carbon market traded volume is expected to grow at a CAGR of 14.69%.
Scope of the Report:
The report titled â€œGlobal Voluntary Carbon Market: Analysis By Value, By Traded Volume, By Credit Retirements, By Credit Issuance, By Project Category, By Type of Project, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027â€, includes:
— An in-depth analysis of the global voluntary carbon market by value, by traded volume, by credit issuances, by credit retirement, by project category, by type of project, by region, etc.
— The regional analysis of the voluntary carbon market, including the following regions:
Asia (India, China, Indonesia, and Rest of Asia)
Latin America (Brazil, Peru, and the Rest of Latin America)
North America (The US, Canada, and Mexico)
— Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
— Provides an analysis of the COVID-19 impact on the voluntary carbon market.
— Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall voluntary carbon market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
— Evaluation of the potential role of voluntary carbon to improve the market status.
— Identification of new technological developments, R&D activities, and type launches occuring in the voluntary carbon market.
— In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.
— The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
— The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.
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