![]() ![]() However, the rapidly growing global carbon credit market is expected to attract funding from various financial institutions such as venture capitals, banks, and others. At present, the carbon credit market is only limited to companies that are dealing with carbon emissions and its regulations. The global carbon credit market is expected to grow significantly during the forecast period, owing to the increasing investment in the carbon credit market. As India's GHG emission is below the carbon cap limit, Indian companies are entitled to sell surplus credits to developed countries. ![]() India is becoming one of the emerging players for global carbon credit market, however, lack of awareness about carbon credit market among the Indian companies is expected to hamper the Indian carbon credit market growth. The emerging economies such as China, India, and others (with relaxed rules for carbon emission as per Paris agreement in 2015) are considered as global suppliers for carbon credit market. The global carbon credit market is divided into two types, suppliers market and buyers' market. However, if a country wants to emit more greenhouse gases than its allowed limit (without penalty), then it may participate in carbon trading using an Emissions Reduction Purchase Agreement (ERPA). Emitting more than the assigned limit will result in a penalty for the violating country in the form of lower emissions limit for the following period. Countries that ratify the Kyoto Protocol are assigned a maximum limit of CO2 emission levels. The Kyoto Protocol was signed in Kyoto, Japan, in 1997 by 192 industrialized countries. The United Nations' Intergovernmental Panel on Climate Change (IPCC) developed a carbon credit proposal to reduce worldwide carbon emissions in a 1997 agreement known as the Kyoto Protocol. One Carbon Offset/Credit represents the reduction of greenhouse gases equal to one metric ton of carbon dioxide equivalent (CO2e). 3, 2021 /PRNewswire/ - The "Carbon Credit Market, By Sector, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027" report has been added to 's offering.Ĭarbon credits provide business with a verified method to balance unavoidable carbon footprint by directly supporting projects that are proven to reduce carbon emissions.
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