出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年4月
カーボンオフセット・カーボンクレジット市場 : タイプ (ボランタリー市場、コンプライアンス市場)、プロジェクトタイプ [回避/削減プロジェクト、除去/隔離プロジェクト (自然ベース、技術ベース)]、エンドユーザーと地域別 – 2028年までの世界予測
Carbon Offset/Carbon Credit Market by Type (Voluntary Market, Compliance Market), Project Type (Avoidance/Reduction Projects, Removal/Sequestration Projects (Nature-based, Technology-based)), End-User and Region – Global Forecast to 2028
| ページ数 | 187 |
| 図表数 | 184 |
| 種別 | 英文調査報告書 |
| 価格 |
The global carbon offset/carbon credit market is estimated to grow from USD 414.8 Billion in 2023 to USD 1,602.7 Billion by 2028; it is expected to record a CAGR of 31.0% during the forecast period.
Increasing investments in carbon capture technologies and solutions along with the rise in projects that are helping communities and creating social impact, is expected to drive the market.
“EU ETS: The largest segment of the carbon offset/carbon credit compliance market, by type “
Based on type, the carbon offset/carbon credit market has been categorized into the voluntary market and the compliance market. The compliance market, on the other hand, has been sub segmented into EU ETS (Emission Trading Scheme), California Cap and Trade, and others. The EU ETS is a cap-and-trade system i.e., organizations are only allowed to emit a certain amount of emissions, and they can trade allowances (EUAs), the ETS equivalent to carbon credits, with each other.
“Avoidance/Removal projects segment is expected to emerge as the largest segment based on project type”
Avoidance offset are generated from activities that reduce emissions by preventing their release into the atmosphere. Carbon avoidance via direct carbon reduction measures directly reduce carbon footprint. Carbon avoidance via carbon offsets and direct carbon reduction measures improves air quality, protects ecosystems, and aids in climate change mitigation. The effectiveness of carbon avoidance depends on the type of project and reliability to execute. Carbon avoidance via direct carbon reduction measures is effective because it cuts emissions at their source.
“By End-User, the Transportation segment is expected to be the fastest growing market during the forecast period.”
Based on end-user, the transportation segment is expected to be the fastest-growing segment during the forecast period. Reducing transport emissions is a priority for some of the governments worldwide. Motor vehicles accounted for a tremendously large share in the CO2 emissions from transportation. Personal vehicles and commercial trucks averaged more CO2 emissions per passenger mile or ton-mile than most other modes of transportation. Hence, the market is expected to grow significantly during the forecast period.
Europe is expected to be the second fastest-growing region in the carbon offset/carbon credit market
Europe is expected to be the second fastest region in the carbon offset/carbon credit market during the forecast period. The market growth in Europe can be attributed to the rising focus on decarbonization with the increased investments in green technologies in the region. Also, pledges such as carbon-free-world in countries such as Norway, Iceland, Ireland, Switzerland, Sweden, and Denmark act as a driving force for the European carbon offset/carbon credit market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 40%, Tier 2- 35%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 10%, Asia Pacific- 60%, Europe- 15%, RoW- 15%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The carbon offset/carbon credit market is dominated by a few major players that have a wide regional presence. The leading players in the carbon offset/carbon credit market are South Pole Group (Switzerland), 3Degrees (US), Finite Carbon (US), EKI Energy Services Ltd. (India), and NativeEnergy (US).
Research Coverage:
The report defines, describes, and forecasts the global carbon offset/carbon credit market, by type, project type, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the carbon offset/carbon credit market.
Key Benefits of Buying the Report
• High rate of adoption of carbon emission reduction strategies and execution of decarbonization initiatives to tackle climate change is a major driver for the carbon offset/carbon credit market.
• Product Development/ Innovation: New projects have been developed and the companies can now invest in a bundle of different projects apart from single projects as these projects help generate multiple climate, social, and biodiversity benefits.
• Market Development: The demand for quality carbon offset is high throughout due to the strong willingness of businesses to act on climate change and reduce their carbon emission to achieve the net zero targets. Project developers create and monetize carbon credits from a variety of activities, mostly nature based solutions such as forest conservation and afforestation. There is growing interest in offset credits generated from removal technologies such as direct air capture (DAC), carbon capture and storage (CCS), and bioenergy with carbon capture and storage (BECCS).
• Market Diversification: South Pole Group developed solutions to bring climate action which means to reduce the greenhouse emission of every business. The companies are working towards calculation, compensation, and understanding the reduction of carbon footprint.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like South Pole Group (Switzerland), 3Degrees (US), Finite Carbon (US), EKI Energy Services Ltd. (India), and NativeEnergy (US) among others in the carbon offset/carbon credit market.
目次
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 INCLUSIONS AND EXCLUSIONS 25
TABLE 1 CARBON OFFSETS MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS 25
TABLE 2 CARBON OFFSETS MARKET, BY PROJECT TYPE: INCLUSIONS AND EXCLUSIONS 25
TABLE 3 CARBON OFFSETS MARKET, BY END-USER: INCLUSIONS AND EXCLUSIONS 25
TABLE 4 CARBON OFFSETS MARKET, BY REGION: INCLUSIONS AND EXCLUSIONS 26
1.4 STUDY SCOPE 26
1.4.1 CARBON OFFSETS MARKET SEGMENTATION 26
1.4.2 GEOGRAPHIC SCOPE 27
1.5 YEARS CONSIDERED 27
1.6 CURRENCY CONSIDERED 28
1.7 LIMITATIONS 28
1.8 STAKEHOLDERS 28
1.9 RECESSION IMPACT 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 CARBON OFFSETS MARKET: RESEARCH DESIGN 29
2.2 DATA TRIANGULATION 30
FIGURE 2 DATA TRIANGULATION 30
2.2.1 SECONDARY DATA 31
2.2.1.1 Key data from secondary sources 31
2.2.2 PRIMARY DATA 31
2.2.2.1 Breakdown of primaries 32
2.2.2.2 Key data from primary sources 32
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 33
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR CARBON OFFSETS 33
2.3 MARKET SIZE ESTIMATION 34
2.3.1 BOTTOM-UP APPROACH 34
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 34
2.3.2 TOP-DOWN APPROACH 35
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 35
2.3.3 DEMAND-SIDE ANALYSIS 36
2.3.3.1 Regional analysis 36
2.3.3.2 Country analysis 36
2.3.3.3 Demand-side assumptions 37
2.3.3.4 Demand-side calculations 37
2.3.4 FORECAST 37
2.3.5 IMPACT OF RECESSION 37
3 EXECUTIVE SUMMARY 38
TABLE 5 CARBON OFFSETS MARKET SNAPSHOT 38
FIGURE 7 EUROPE DOMINATED CARBON OFFSETS MARKET, IN TERMS OF SHARE, IN 2022 39
FIGURE 8 COMPLIANCE MARKET TO HOLD LARGER SHARE OF CARBON OFFSETS MARKET, BY TYPE, FROM 2023 TO 2028 40
FIGURE 9 AVOIDANCE/REDUCTION PROJECTS TO HOLD LARGER MARKET SHARE, BY PROJECT TYPE, THROUGHOUT FORECAST PERIOD 40
FIGURE 10 POWER SEGMENT TO HOLD LARGEST SHARE OF CARBON OFFSETS MARKET, BY END-USER, THROUGHOUT FORECAST PERIOD 41
4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN CARBON OFFSETS MARKET 42
FIGURE 11 INCREASING FOCUS ON NET-ZERO TARGETS TO DRIVE MARKET FOR CARBON OFFSETS BETWEEN 2023 AND 2028 42
4.2 CARBON OFFSETS MARKET, BY REGION 43
FIGURE 12 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN CARBON OFFSETS MARKET DURING FORECAST PERIOD 43
4.3 EUROPE: CARBON OFFSETS MARKET, BY TYPE AND COUNTRY, 2022 44
FIGURE 13 COMPLIANCE MARKET AND GERMANY TO BE LARGEST SHAREHOLDERS IN EUROPEAN MARKET IN 2022 44
4.4 CARBON OFFSETS MARKET, BY TYPE 44
FIGURE 14 COMPLIANCE MARKET TO ACCOUNT FOR LARGER SHARE IN CARBON OFFSETS MARKET IN 2028 44
4.5 CARBON OFFSETS MARKET, BY PROJECT TYPE 45
FIGURE 15 AVOIDANCE/REDUCTION PROJECTS TO ACCOUNT FOR LARGER MARKET SHARE THAN REMOVAL/SEQUESTRATION PROJECTS IN 2028 45
4.6 CARBON OFFSETS MARKET, BY END-USER 45
FIGURE 16 POWER SEGMENT TO DOMINATE CARBON OFFSETS MARKET, BY END-USER, IN 2028 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 47
FIGURE 17 MARKET DYNAMICS FOR CARBON OFFSETS MARKET 47
5.2.1 DRIVERS 47
5.2.1.1 Growing need to reduce global warming and carbon emissions 47
FIGURE 18 GLOBAL ENERGY-RELATED CO2 EMISSIONS, 2010 TO 2021 48
5.2.1.2 Rise in partial use of carbon credits by companies 48
FIGURE 19 ANNUAL INVESTMENTS IN CLEAN ENERGY, ENERGY EFFICIENCY, AND INFRASTRUCTURE PROJECTS (USD BILLION) 48
5.2.1.3 Increasing investments in carbon capture technologies 49
TABLE 6 SELECTED INVESTMENTS IN CARBON FOOTPRINT 49
5.2.2 RESTRAINTS 50
5.2.2.1 Restoration of carbon emissions from one location to another 50
5.2.3 OPPORTUNITIES 50
5.2.3.1 Increasing number of regulatory requirements and industry association standards 50
TABLE 7 STATUS AND SECTORS COVERED IN EMISSION TRADING SCHEMES WORLDWIDE, 2021 51
TABLE 8 CREDITS ISSUED, REGISTERED ACTIVITIES, AVERAGE 2021 PRICE, COVERED BY CREDITING MECHANISMS 53
5.2.3.2 Rising financial support to local communities 54
5.2.4 CHALLENGES 55
5.2.4.1 Fluctuating prices of carbon credits 55
FIGURE 20 GLOBAL CARBON MARKET ANNUAL TRADING VALUE, 2012–2021 (USD BILLION) 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 56
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR CARBON OFFSET/CREDIT PROVIDERS 56
FIGURE 21 REVENUE SHIFT FOR CARBON OFFSET PROVIDERS 57
5.4 TECHNOLOGY ANALYSIS 57
5.4.1 BLOCKCHAIN-LED PROJECT INITIATIVES 57
5.5 MARKET MAP 58
FIGURE 22 MARKET MAP: CARBON OFFSETS MARKET 58
TABLE 9 CARBON OFFSETS MARKET: ROLE OF COMPANIES IN ECOSYSTEM 58
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 23 CARBON OFFSETS MARKET: VALUE CHAIN ANALYSIS 60
5.6.1 OFFSET PRODUCERS 61
5.6.2 PROJECT DEVELOPERS/THIRD-PARTY ORGANIZATIONS 61
5.6.3 BROKERS/EXCHANGE PARTNERS 61
5.6.4 END-USERS/CARBON EMITTERS 61
5.7 PRICING ANALYSIS 61
5.7.1 AVERAGE SELLING PRICE OF CARBON CREDITS, BY TYPE 61
TABLE 10 AVERAGE SELLING PRICE OF CARBON CREDITS, 2021 (USD/TON) 61
TABLE 11 REGION-WISE AVERAGE SELLING PRICE RANGE OF CARBON CREDITS, BY TYPE, 2021 (USD/TON) 62
FIGURE 24 AVERAGE SELLING PRICE OF CARBON CREDIT TYPES, BY REGION 62
5.8 KEY CONFERENCES AND EVENTS, 2023–2024 62
TABLE 12 CARBON OFFSETS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 62
5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 16 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
5.8.2 CODES AND REGULATIONS RELATED TO CARBON OFFSETS MARKET 68
TABLE 17 CARBON OFFSETS MARKET: CODES AND REGULATIONS 68
5.8.3 STANDARDS RELATED TO CARBON OFFSETS 69
TABLE 18 CARBON OFFSETS MARKET: STANDARDS 69
5.9 INNOVATIONS AND PATENT REGISTRATIONS 71
TABLE 19 CARBON OFFSETS MARKET: INNOVATIONS AND PATENT REGISTRATIONS, JANUARY 2020–DECEMBER 2021 71
5.10 PORTER’S FIVE FORCES ANALYSIS 72
FIGURE 25 CARBON OFFSETS MARKET: PORTER’S FIVE FORCES ANALYSIS 72
TABLE 20 CARBON OFFSETS MARKET: PORTER’S FIVE FORCES ANALYSIS 72
5.10.1 THREAT OF SUBSTITUTES 73
5.10.2 BARGAINING POWER OF SUPPLIERS 73
5.10.3 BARGAINING POWER OF BUYERS 73
5.10.4 THREAT OF NEW ENTRANTS 73
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 73
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 74
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 74
FIGURE 26 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USERS 74
TABLE 21 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USERS 74
5.12 BUYING CRITERIA 74
FIGURE 27 KEY BUYING CRITERIA FOR TOP 3 END-USERS 74
TABLE 22 KEY BUYING CRITERIA FOR TOP 3 END-USERS 75
5.13 CASE STUDY ANALYSIS 75
5.13.1 BANCO SABADELL TO MOVE FORWARD WITH CARBON OFFSETTING WITH CLIMATE TRADE 75
5.13.1.1 Problem statement: 2021 75
5.13.1.2 Solution 75
5.13.2 BEN & JERRY’S OFFSET PROVIDES SEED FUNDING FOR MORE SUSTAINABLE AGRICULTURE 76
5.13.2.1 Problem statement: 2021 76
5.13.2.2 Solution 76
5.13.3 VOLKSWAGEN’S COMMITMENT TO ACHIEVING CLIMATE TARGETS 76
5.13.3.1 Problem statement: 2021 76
5.13.3.2 Solution 76
6 CARBON OFFSETS MARKET, BY TYPE 77
6.1 INTRODUCTION 78
FIGURE 28 CARBON OFFSETS MARKET, BY TYPE, 2022 78
FIGURE 29 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY TYPE, 2022 78
FIGURE 30 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY TYPE, 2022 79
TABLE 23 CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (USD BILLION) 79
TABLE 24 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (USD BILLION) 79
TABLE 25 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (USD BILLION) 80
6.2 VOLUNTARY MARKET 80
6.2.1 REDUCING TRANSPARENCY ISSUES TO PROPEL DEMAND FOR CARBON OFFSETTING 80
TABLE 26 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 81
TABLE 27 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (MILLION TONS) 81
6.2.2 FORESTRY AND LAND USE 81
6.2.3 RENEWABLE ENERGY 82
6.2.4 CHEMICAL PROCESSES/INDUSTRIAL MANUFACTURING 82
6.2.5 ENERGY EFFICIENCY/FUEL SWITCHING 82
6.2.6 OTHERS 82
6.3 COMPLIANCE MARKET 83
6.3.1 INCREASING GOVERNMENT REGULATIONS TO ENCOURAGE MARKET GROWTH 83
TABLE 28 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 83
TABLE 29 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (MILLION TONS) 83
6.3.2 EU ETS 84
6.3.3 CALIFORNIA CAP AND TRADE 84
6.3.4 OTHERS 84
7 CARBON OFFSETS MARKET, BY PROJECT TYPE 86
7.1 INTRODUCTION 87
FIGURE 31 CARBON OFFSETS MARKET, BY PROJECT TYPE, 2022 87
TABLE 30 CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021–2028 (USD BILLION) 87
TABLE 31 REMOVAL/SEQUESTRATION PROJECTS: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021–2028 (USD BILLION) 88
7.2 AVOIDANCE/REDUCTION PROJECTS 88
7.2.1 RISING NEED TO PROTECT ECOSYSTEMS AND BIODIVERSITY TO DRIVE MARKET 88
TABLE 32 AVOIDANCE/REDUCTION PROJECTS: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 88
7.3 REMOVAL/SEQUESTRATION PROJECTS 89
7.3.1 GROWING NET ZERO TARGETS TO BOOST MARKET 89
TABLE 33 REMOVAL/SEQUESTRATION PROJECTS: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 89
7.3.2 NATURE-BASED 89
TABLE 34 NATURE-BASED: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 90
7.3.3 TECHNOLOGY-BASED 90
TABLE 35 TECHNOLOGY-BASED: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 90
8 CARBON OFFSETS MARKET, BY END-USER 91
8.1 INTRODUCTION 92
FIGURE 32 CARBON OFFSETS MARKET, BY END-USER, 2022 92
TABLE 36 CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 92
8.2 POWER 93
8.2.1 EXECUTION OF DECARBONIZATION INITIATIVES TO TACKLE CLIMATE CHANGE TO BOOST MARKET 93
TABLE 37 POWER: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 93
8.3 ENERGY 93
8.3.1 COMMITMENT TO NET-ZERO CARBON EMISSIONS BY 2050 TO CREATE OPPORTUNITIES FOR VOLUNTARY CARBON CREDITS 93
TABLE 38 ENERGY: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 94
8.4 AVIATION 94
8.4.1 IATA’S COMMITMENT TO ACHIEVE NET ZERO EMISSIONS BY 2050 TO ENCOURAGE AIRLINES TO ADOPT CARBON CREDIT TRADING PLATFORM 94
TABLE 39 AVIATION: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 95
8.5 TRANSPORTATION 95
8.5.1 HIGH RATE OF ADOPTION OF CARBON EMISSION REDUCTION STRATEGIES TO DRIVE MARKET 95
TABLE 40 TRANSPORTATION: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 96
8.6 BUILDINGS 96
8.6.1 INCREASING INVESTMENTS IN ENERGY EFFICIENCY TO ACCELERATE MARKET GROWTH 96
TABLE 41 BUILDINGS: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 96
8.7 INDUSTRIAL 97
8.7.1 INCENTIVIZING GLOBAL ACTION OF REDUCING CARBON EMISSIONS TO FUEL MARKET 97
TABLE 42 INDUSTRIAL: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 97
8.8 OTHERS 97
TABLE 43 OTHERS: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 98
9 CARBON OFFSETS MARKET, BY REGION 99
9.1 INTRODUCTION 100
FIGURE 33 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN CARBON OFFSETS MARKET DURING FORECAST PERIOD 100
FIGURE 34 CARBON OFFSETS MARKET, BY REGION, 2022 (%) 100
TABLE 44 CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 101
TABLE 45 CARBON OFFSETS MARKET, BY REGION, 2021–2028 (MILLION TONS) 101
9.2 EUROPE 101
9.2.1 RECESSION IMPACT ON EUROPE 102
FIGURE 35 SNAPSHOT: CARBON OFFSETS MARKET IN EUROPE 102
9.2.2 BY TYPE 103
TABLE 46 EUROPE: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (USD BILLION) 103
TABLE 47 EUROPE: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (MILLION TONS) 103
9.2.3 BY PROJECT TYPE 103
TABLE 48 EUROPE: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021–2028 (USD BILLION) 103
TABLE 49 EUROPE: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021–2028 (USD BILLION) 103
9.2.4 BY END-USER 104
TABLE 50 EUROPE: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 104
9.2.5 BY COUNTRY 104
TABLE 51 EUROPE: CARBON OFFSETS MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 104
9.2.5.1 Germany 104
9.2.5.1.1 Germany’s commitment to ambitious climate protection targets to drive market 104
TABLE 52 GERMANY: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 105
9.2.5.2 UK 105
9.2.5.2.1 UK Emission Trading Scheme to incentivize decarbonization to boost market 105
TABLE 53 UK: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 106
9.2.5.3 France 106
9.2.5.3.1 Carbon farming practices to fuel market 106
TABLE 54 FRANCE: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 107
9.2.5.4 Spain 107
9.2.5.4.1 Emissions from large and complex refining industry to propel market 107
TABLE 55 SPAIN: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 108
9.2.5.5 Rest of Europe 108
TABLE 56 REST OF EUROPE: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 109
9.3 ASIA PACIFIC 109
9.3.1 RECESSION IMPACT ON ASIA PACIFIC 109
FIGURE 36 SNAPSHOT: CARBON OFFSETS MARKET IN ASIA PACIFIC 110
9.3.2 BY TYPE 110
TABLE 57 ASIA PACIFIC: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (USD BILLION) 110
TABLE 58 ASIA PACIFIC: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (MILLION TONS) 111
9.3.3 BY PROJECT TYPE 111
TABLE 59 ASIA PACIFIC: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021–2028 (USD BILLION) 111
TABLE 60 ASIA PACIFIC: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021–2028 (USD BILLION) 111
9.3.4 BY END-USER 111
TABLE 61 ASIA PACIFIC: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 111
9.3.5 BY COUNTRY 112
TABLE 62 ASIA PACIFIC: CARBON OFFSETS MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 112
9.3.5.1 China 112
9.3.5.1.1 Increasing number of low-carbon strategies to drive market 112
TABLE 63 CHINA: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 113
9.3.5.2 Japan 113
9.3.5.2.1 Growing implementation of various schemes to meet climate goals to fuel market 113
TABLE 64 JAPAN: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 114
9.3.5.3 South Korea 114
9.3.5.3.1 Rising number of free allowances to boost market 114
TABLE 65 SOUTH KOREA: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 115
9.3.5.4 New Zealand 115
9.3.5.4.1 Growing implementation of NZ ETS to aid in lowering greenhouse gas emissions 115
TABLE 66 NEW ZEALAND: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 115
9.3.5.5 Rest of Asia Pacific 116
TABLE 67 REST OF ASIA PACIFIC: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 116
9.4 NORTH AMERICA 117
9.4.1 RECESSION IMPACT ON NORTH AMERICA 117
9.4.2 BY TYPE 117
TABLE 68 NORTH AMERICA: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (USD BILLION) 117
TABLE 69 NORTH AMERICA: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (MILLION TONS) 118
9.4.3 BY PROJECT TYPE 118
TABLE 70 NORTH AMERICA: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021–2028 (USD BILLION) 118
TABLE 71 NORTH AMERICA: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021–2028 (USD BILLION) 118
9.4.4 BY END-USER 119
TABLE 72 NORTH AMERICA: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 119
9.4.5 BY COUNTRY 119
TABLE 73 NORTH AMERICA: CARBON OFFSETS MARKET, BY COUNTRY, 2021–2028 (USD BILLION) 119
9.4.5.1 US 119
9.4.5.1.1 Increasing number of net-zero targets to reduce carbon emissions to drive market 119
TABLE 74 US: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 120
9.4.5.2 Canada 120
9.4.5.2.1 Exploring oil and gas industry emissions to boost market 120
TABLE 75 CANADA: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 121
9.4.5.3 Mexico 121
9.4.5.3.1 Incentivizing local communities as well as maintaining forests to boost market 121
TABLE 76 MEXICO: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 122
9.5 ROW 122
9.5.1 RECESSION IMPACT ON ROW 122
9.5.2 BY TYPE 123
TABLE 77 ROW: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (USD BILLION) 123
TABLE 78 ROW: CARBON OFFSETS MARKET, BY TYPE, 2021–2028 (MILLION TONS) 123
9.5.3 BY PROJECT TYPE 123
TABLE 79 ROW: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021–2028 (USD BILLION) 123
TABLE 80 ROW: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021–2028 (USD BILLION) 123
9.5.4 BY END-USER 124
TABLE 81 ROW: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 124
9.5.5 BY REGION 124
TABLE 82 ROW: CARBON OFFSETS MARKET, BY REGION, 2021–2028 (USD BILLION) 124
9.5.5.1 South America 124
9.5.5.1.1 Rising number of REDD+ projects to drive market 124
TABLE 83 SOUTH AMERICA: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 125
9.5.5.2 Middle East & Africa 125
9.5.5.2.1 Growing net-zero commitments by countries in MEA to boost market 125
TABLE 84 MIDDLE EAST & AFRICA: CARBON OFFSETS MARKET, BY END-USER, 2021–2028 (USD BILLION) 126
10 COMPETITIVE LANDSCAPE 127
10.1 STRATEGIES OF KEY PLAYERS 127
TABLE 85 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, AUGUST 2020– DECEMBER 2022 127
10.2 COMPANY EVALUATION QUADRANT 128
10.2.1 STARS 128
10.2.2 PERVASIVE PLAYERS 128
10.2.3 EMERGING LEADERS 129
10.2.4 PARTICIPANTS 129
FIGURE 37 COMPETITIVE LEADERSHIP MAPPING: CARBON OFFSETS MARKET, 2022 129
10.3 START-UP/SME EVALUATION QUADRANT, 2022 130
10.3.1 PROGRESSIVE COMPANIES 130
10.3.2 RESPONSIVE COMPANIES 130
10.3.3 DYNAMIC COMPANIES 130
10.3.4 STARTING BLOCKS 130
FIGURE 38 CARBON OFFSETS MARKET: START-UP/SME EVALUATION QUADRANT, 2022 131
10.4 COMPETITIVE BENCHMARKING 132
TABLE 86 CARBON OFFSETS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 132
TABLE 87 CARBON OFFSETS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (STARTUPS/SMES) 132
10.5 CARBON OFFSETS: COMPANY FOOTPRINT 133
TABLE 88 BY TYPE: COMPANY FOOTPRINT 133
TABLE 89 BY PROJECT TYPE: COMPANY FOOTPRINT 134
TABLE 90 BY END-USER: COMPANY FOOTPRINT 135
TABLE 91 BY REGION: COMPANY FOOTPRINT 136
TABLE 92 COMPANY FOOTPRINT 137
10.6 COMPETITIVE SCENARIO 138
TABLE 93 CARBON OFFSETS MARKET: DEALS, JANUARY 2023–SEPTEMBER 2020 138
TABLE 94 CARBON OFFSETS MARKET: LIST OF KEY PLAYERS OPERATING IN MARKET 142
11 COMPANY PROFILES 144
(Business overview, Products offered, Recent Developments, MNM view)*
11.1 KEY PLAYERS 144
11.1.1 EKI ENERGY SERVICES LTD. 144
TABLE 95 EKI ENERGY SERVICES LTD.: BUSINESS OVERVIEW 144
FIGURE 39 EKI ENERGY SERVICES LTD.: COMPANY SNAPSHOT (2021) 145
TABLE 96 EKI ENERGY SERVICES LTD.: PROJECTS OFFERED 145
TABLE 97 EKI ENERGY SERVICES LTD.: SERVICES OFFERED 146
11.1.2 SOUTH POLE GROUP 148
TABLE 98 SOUTH POLE GROUP: BUSINESS OVERVIEW 148
TABLE 99 SOUTH POLE GROUP: PROJECTS OFFERED 148
TABLE 100 SOUTH POLE: SERVICES OFFERED 149
TABLE 101 SOUTH POLE GROUP: DEALS 149
11.1.3 3DEGREES 152
TABLE 102 3DEGREES: BUSINESS OVERVIEW 152
TABLE 103 3DEGREES: PROJECTS OFFERED 152
TABLE 104 3DEGREES: SOLUTIONS OFFERED 153
TABLE 105 3DEGREES: DEALS 153
11.1.4 FINITE CARBON 155
TABLE 106 FINITE CARBON: BUSINESS OVERVIEW 155
TABLE 107 FINITE CARBON: PROJECTS OFFERED 155
TABLE 108 FINITE CARBON: LAUNCHES 156
TABLE 109 FINITE CARBON: DEALS 156
11.1.5 NATIVE ENERGY 158
TABLE 110 NATIVE ENERGY: BUSINESS OVERVIEW 158
TABLE 111 NATIVE ENERGY: PROJECTS OFFERED 158
TABLE 112 NATIVE ENERGY: SOLUTIONS OFFERED 159
11.1.6 CLIMECO LLC 160
TABLE 113 CLIMECO LLC: BUSINESS OVERVIEW 160
TABLE 114 CLIMECO LLC: SOLUTIONS OFFERED 160
TABLE 115 CLIMECO LLC: DEALS 161
11.1.7 CARBONBETTER 162
TABLE 116 CARBONBETTER: BUSINESS OVERVIEW 162
TABLE 117 CARBONBETTER: PROJECTS OFFERED 162
TABLE 118 CARBONBETTER: SERVICES OFFERED 163
11.1.8 TASMAN ENVIRONMENTAL MARKETS 164
TABLE 119 TASMAN ENVIRONMENTAL MARKETS: BUSINESS OVERVIEW 164
TABLE 120 TASMAN ENVIRONMENTAL MARKETS: PROJECTS OFFERED 164
TABLE 121 TASMAN ENVIRONMENTAL MARKETS: SOLUTIONS/SERVICES OFFERED 165
TABLE 122 TASMAN ENVIRONMENTAL MARKETS: DEALS 165
11.1.9 CARBON CARE ASIA LIMITED 166
TABLE 123 CARBON CARE ASIA LIMITED: BUSINESS OVERVIEW 166
TABLE 124 CARBON CARE ASIA LIMITED: PROJECTS OFFERED 166
11.1.10 MOSS.EARTH 167
TABLE 125 MOSS.EARTH: BUSINESS OVERVIEW 167
TABLE 126 MOSS.EARTH: PROJECTS OFFERED 167
TABLE 127 MOSS.EARTH: SOLUTIONS/SERVICES OFFERED 168
TABLE 128 MOSS.EARTH: DEALS 168
11.1.11 CLIMETREK LTD. 169
TABLE 129 CLIMETREK: BUSINESS OVERVIEW 169
TABLE 130 CLIMETREK: PROJECTS OFFERED 169
TABLE 131 CLIMETREK: SERVICES OFFERED 170
11.1.12 CLIMATEPARTNER GMBH 171
TABLE 132 CLIMATEPARTNER GMBH: BUSINESS OVERVIEW 171
TABLE 133 CLIMATEPARTNER GMBH: PROJECTS OFFERED 171
TABLE 134 CLIMATE PARTNER GMBH: SOLUTIONS/SERVICES OFFERED 172
11.1.13 TERRAPASS 173
TABLE 135 TERRAPASS: BUSINESS OVERVIEW 173
TABLE 136 TERRAPASS: PROJECTS OFFERED 173
TABLE 137 TERRAPASS: SERVICES OFFERED 175
11.1.14 CLIMATE IMPACT PARTNERS 176
TABLE 138 CLIMATE IMPACT PARTNERS: BUSINESS OVERVIEW 176
TABLE 139 CLIMATE IMPACT PARTNERS: PROJECTS OFFERED 176
TABLE 140 CLIMATE IMPACT PARTNERS: SOLUTIONS/SERVICES OFFERED 177
TABLE 141 CLIMATE IMPACT PARTNERS: DEALS 177
11.1.15 CARBON CREDIT CAPITAL 178
TABLE 142 CARBON CREDIT CAPITAL: BUSINESS OVERVIEW 178
TABLE 143 CARBON CREDIT CAPITAL: PROJECTS OFFERED 178
TABLE 144 CARBON CREDIT CAPITAL: SOLUTIONS/SERVICES OFFERED 179
TABLE 145 CARBON CREDIT CAPITAL: DEALS 179
11.1.16 BLUESOURCE LLC 180
11.1.17 CARBONFUND 181
11.1.18 FOREST CARBON 182
11.1.19 CLIMATE TRADE 182
11.1.20 NATUREOFFICE GMBH 183
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 APPENDIX 184
12.1 INSIGHTS FROM INDUSTRY EXPERTS 184
12.2 DISCUSSION GUIDE 185
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 188
12.4 CUSTOMIZATION OPTIONS 190
12.5 RELATED REPORTS 190
12.6 AUTHOR DETAILS 191