The global carbon credit trading platform market is expected to reach USD 317 million by 2027 from an estimated USD 106 million in 2022, at a CAGR of 24.4% from 2022 to 2027. The global carbon credit trading platform market is expected to witness significant growth during the forecast period due to the surge in demand for carbon credits resulting from the increased investments in the carbon capture technologies as well as renewable energy adoption.
The carbon markets are differentiated into two segments as voluntary carbon markets and regulatory/ compliance carbon markets. There is a difference between these in terms of regulations, impact and the share in the market, among other factors. The funding into projects for reduction of carbon emissions is helping to drive the market for voluntary carbon market. A few major players have a wide regional presence and dominate the switchgear market. The leading players in the carbon credit trading platform market include Nasdaq, Inc. (US), EEX Group (Germany), AirCarbon Exchange (ACX) (Singapore), Intercontinental Exchange, Inc. (US) and Xpansiv (US).
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Acquisitions, product launches, and expansions are among the key growth strategies adopted by leading companies such as Intercontinental Exchange, Inc. (US), Nasdaq, Inc. (US), AirCarbon Exchange (ACX) (Singapore), and Xpansiv (US) to boost their position in the carbon credit trading platform market. The companies in the carbon credit trading platform market focusses majorly on partnerships, agreements, product launches, acquisitions, and collaborations to grab a strong foothold in the market.
Intercontinental Exchange, Inc. (ICE) is a provider of market infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. The company operates through three reportable business segments, namely, Exchanges, Fixed Income and Data Services, and Mortgage Technology. In Exchanges segment, the company provides regulated marketplaces for the listing, trading and clearing of a broad array of derivatives contracts and financial securities. In Fixed Income and Data Services segment, the company provide fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swaps, or CDS, clearing and multi-asset class data delivery solutions. The Mortgage Technology includes an end-to-end technology platform that offers digital workflow tools that aim to address the inefficiencies that exist in the US residential mortgage market. The carbon credit trading platforms are covered under the Exchanges segment. Exchanges segment includes trading and listings revenue from global futures network and the New York Stock Exchange and other registered securities exchanges, or collectively, the NYSE, and various data and connectivity services that are directly related to those exchange platforms. The company develops improved exchange technologies for smooth operations, including rolling out NYSE Pillar, integrated equities trading platform and matching or settlement engine, in the markets that improve performance, time delay and make the operations simpler for multiple trading systems. The company may pursue acquisitions and other restructuring strategies to strengthen competitive position globally, support the growth of company offering variety of products and services. The company always keep working towards collaborations, joint ventures to enhance productivity and profitability.
AirCarbon Exchange (ACX) is a digital exchange focused on making carbon trading easy and efficient. It brings traditional commodities trading infrastructure to the carbon markets to ensure efficient trading, settlement risk mitigation, and transparent pricing. It is a Global Carbon Exchange using distributed ledger technology on a traditional trading architecture. The organization also controls blockchain architecture to create securitized carbon credits. ACX also securitizes carbon credits around market demand. The Exchange currently has a client base of over 130, comprising corporate entities, financial traders, carbon project developers, and other industry stakeholders. ACX has a strong global presence with corporate offices in Singapore and Abu Dhabi. ACX is a platform that neither offers consulting services to projects nor it allows brokers to trade. It only streamlines carbon trading across markets. The company is also a member of IETA. It focuses on collaborations, contracts, and partnerships to increase its market presence.
Carbon Credit Trading Platform Market by Type (Voluntary, Regulated), System Type (Cap and Trade, Baseline and Credit), End Use (Industrial, Utilities, Energy, Petrochemical, Aviation) and Region - Global Forecast to 2027
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