GLOBAL CARBON CREDIT MARKET ANALYSIS
The Global Carbon Credit market was valued at US$ 25.35 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 24.4% from 2023 to 2030.
The global carbon credit market was valued at 25.35 Bn US$ in 2022 and is expected to reach 145.04 Bn by 2030 at a CAGR of 24.4% between 2023 and 2030.
Figure 1: Global Semiconductor Memory Market Share (%), in terms of Value, By Region, 2022
Figure 2: Global Semiconductor Memory Market Share (%), in terms of Value, By Segmentation, 2022
International carbon credit is being adopted by various countries and state government bodies, which is a major trend in the global carbon credit market. The Kyoto mechanism is vastly adopted by the European Union, for which the European Union launched European Union Emission Trading Scheme (EU ETS) in 2015. Through this, EU employs a basic cap and trade model for EU companies and countries. However, the government of the U.S. did not sign the Kyoto Protocol, thus there is no cap limit for carbon emissions in the country. Nevertheless, many companies and state government bodies are adopting voluntary commitment to reduce carbon emissions.
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