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Pune, Feb. 03, 2022 (GLOBE NEWSWIRE) — Global Voluntary Carbon Offsets Market The 2022 research report study entails a thorough examination of the industry’s future and current conditions. The study also breaks down market size, both in terms of volume and value, and market share, by geography. Market classifications, applications, primary supply chain structure, and principles are all discussed in the Voluntary Carbon Offsets market. The most recent market analysis survey, which is aimed at a global audience, looks at development patterns, the growth status of main regions, and a business outlook overview. The impact of the COVID- 19 pandemic on Voluntary Carbon Offsets market share, global consumer prices, and annual growth rate was also examined in the study.
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Moreover, the research report gives detailed data about the major factors influencing the growth of the Voluntary Carbon Offsets market at the national and local level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.
About Voluntary Carbon Offsets Market:
The total data of this report covers the global voluntary carbon market. In the report, revenue is based on the location of the project supplier rather than the actual location of the project.
Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs ), and sulfur hexafluoride (SF6). One carbon offset represents the reduction of one metric ton of carbon dioxide or its equivalent in other greenhouse gases. There are two markets for carbon offsets. In the larger, compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they are allowed to emit. This market exists in order to achieve compliance with obligations of the Kyoto Protocol, and of liable entities under the EU Emission Trading Scheme. In the much smaller, voluntary market, individuals, companies, or governments purchase carbon offsets to mitigate their own greenhouse gas emissions from transportation, electricity use, and other sources. For exa mple, an individual might purchase carbon offsets to compensate for the greenhouse gas emissions caused by personal air travel. Many companies offer carbon offsets as an up-sell during the sales process so that customers can mitigate the emissions related with their product or service purchase ( such as offsetting emissions related to a vacation flight, car rental, hotel stay, consumer good, etc.).
As shown in the figure below, carbon dioxide emissions are constantly increasing, which makes more and more people realize the importance of reducing carbon dioxide emissions. This voluntary market has prompted project developers to create technological innovations to reduce greenhouse gas emissions. Since trading of voluntary carbon offsets first took off in the late 2000’s, voluntary carbon projects have helped to reduce, sequester, or avoid over 435.7 MtCO2e–equivalent to not consuming over one billion barrels of oil. These projects are supported by companies, individuals and governments purchasing carbon offsets .
There are two markets for carbon offsets. In the larger, compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they …
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