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Europe Compliance Carbon Credit Market Size
- Report ID: GMI8962
- Published Date: Apr 2024
- Report Format: PDF
Europe Compliance Carbon Credit Market Size
Europe Compliance Carbon Credit Market size recorded a valuation of USD 80.7 billion in 2023 and is expected to grow at a CAGR of 14.1% from 2024 to 2032, driven by need to reduce greenhouse gas emissions and combat climate change. The EU ETS is central to region’s compliance market, setting emissions caps and enabling companies to trade allowances, which will incentivize investments in low-carbon technologies and drives cost-effective emission reductions, promoting sustainable development.
For instance, in December 2023, EU's expanded EU ETS to maritime transport and created separate ETS for buildings and road transport underscores its commitment to climate goals. This move emphasizes region’s fostering sustainable development and transition to low-carbon economy.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Compliance Carbon Credit Market Size in 2023: | USD 80.7 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 14.1% |
| 2032 Value Projection: | USD 252.5 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 145 |
| Tables, Charts & Figures: | 200 |
| Segments covered: | End Use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Compliance Carbon Credit Market Scope
