Carbon Credit Trading Platform Market Worth USD 317 Million by 2027 - 0 views
-
Almira Coyne on 20 Nov 23Carbon Credit Trading Platform Market size is projected to grow from USD 106 million in 2022 to USD 317 million by 2027, at a CAGR of 24.4% according to a new report by MarketsandMarkets™. Increasing carbon emissions are the primary driver for global warming across the globe. Anthropogenic greenhouse gas emissions have increased since the pre-industrial era, driven largely by economic and population growth, and are now higher than ever. There is an urgent need to minimize the impact of carbon emissions on the environment. Producers must reverse and diminish carbon emissions by investing in renewable energies, securing new uses of CO2, adopting carbon capture technologies, and using carbon offset/carbon credits. This will drive the market for carbon credit trading platforms as there will be an increase in the exchange and trading of these carbon credits.