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Renewable Energy Carbon Credit Market Size
- Report ID: GMI11277
- Published Date: Sep 2024
- Report Format: PDF
Renewable Energy Carbon Credit Market Size
Renewable Energy Carbon Credit Market size was estimated at USD 26.9 billion in 2023 and is projected to observe a growth rate of 15% by 2032. Stringent government regulations & policies along with favouring corporate sustainability initiatives towards carbon emission will complement the business scenario.
Policies like carbon pricing, emissions trading systems (ETS), and renewable energy mandates encourage businesses to adopt renewable energy sources and offset their carbon emissions through carbon credits, boosting market demand. Moreover, the increasing pressure from stakeholders and consumers for corporate environmental responsibility is leading businesses to adopt sustainable practices. Companies are investing in renewable energy projects and purchasing carbon credits to achieve carbon neutrality and enhance their brand reputation, complementing the industry growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Renewable Energy Carbon Credit Market Size in 2023: | USD 26.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 90.4 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 85 |
| Tables, Charts & Figures: | 30 |
| Segments covered: | Type & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Renewable Energy Carbon Credit Market Scope
