Market Forecast By Types (Voluntary and Compliance), By Project Types (Forestry & Land Use Project, Transportation, Industry and Others), And Competitive Landscape.
|Product Code: ETC072161
|Publication Date: Feb 2023
|Product Type: Market Research Report
|No. of Pages: 80
|No. of Figures: 14
|No. of Tables: 8
India Voluntary Carbon Credit Market report comprehensively covers the market by types and by project types. India Voluntary Carbon Credit market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Voluntary Carbon Credit Market is projected to witness robust growth in the forthcoming years on account of increasing awareness of the importance of reducing carbon emissions. This can be driven by corporate social responsibility, climate change concerns, and government regulations. In addition, the government of India has been taking several measures to promote sustainable development and reduce carbon emissions. Moreover, many Indian companies have already taken steps to reduce their carbon footprint and are increasingly looking to purchase voluntary carbon credits to offset their emissions. Apart from this, there has been an increased demand for carbon credits, driven by the growing interest in sustainability and climate action.
The Indian government has introduced several initiatives to encourage the growth of the voluntary carbon credit market. For instance, the Forest and Climate Change launched the National Carbon Offset Registry (NCOR) in 2021 which aims to provide a platform for the registration and trading of carbon credits. Indian companies and several organizations are increasingly collaborating with international carbon credit markets to access a broad range of projects and buyers. Thus, the India Voluntary Carbon Credit Market size is expected to witness significant expansion in the upcoming years.
India is well-positioned to become a global carbon offset supplier owing to its favorable geography enabling scaled development of the majorly preferred project types i.e. forestry & land use and renewable energy projects. However, the outbreak of the COVID-19 pandemic has resulted in a slowdown in projects, especially during 2020 and the market has recovered gradually over the next few years.
According to 6Wresearch, India Voluntary Carbon Credit market is expected to grow at a CAGR of 16.62% during 2021-2027. Supply from India has increased multifold over recent years and is further expected to continue its growth trajectory. However, the lack of government initiative to develop carbon credit markets and regulatory foresight has led to conservative growth expectations over the forecast period.
The agriculture sector held the highest revenue share in the overall India Carbon Credit Market. Additionally, major Indian companies such as Infosys, ACC cement, and Ambuja cement expressed interest in using offsets. The voluntary offset market in India is expected to showcase strong growth over the forecast period.
The report provides a detailed analysis of the following market segments:
|1 Executive Summary
|2.1 Key Highlights of the Report
|2.2 Report Description
|2.3 Market Scope & Segmentation
|2.4 Research Methodology
|3 India Carbon Credit Market Overview
|3.1 India Carbon Credit Market Transaction Values (2017-2027F)
|3.2 India Carbon Credit Market Supply and Demand, In MtCO2e (2017-2027F)
|3.3 India Carbon Credit Market Industry Life Cycle
|3.4 India Carbon Credit Market Porter’s Five Forces Model
|3.5 India Carbon Credit Market Ecosystem
|3.6 India Carbon Credit Market Value Share, By Types (2020 & 2027F)
|3.7 India Carbon Credit Market Value Share, By Regions (2020 & 2027F)
|4 India Carbon Credit Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 India Carbon Credit Market Trends & Evolution
|6 India Carbon Credit Market - Impact Analysis of COVID-19
|7. India Voluntary Carbon Credit Market Overview
|7.1 India Voluntary Carbon Credit Market Supply, By Project Type (2017-2027F)
|8. India Carbon Credit Market - Key Performance Indicators
|9. India Carbon Credit Market - Price Trend Analysis (2017-2027F)
|10. India Carbon Credit Market - Country Initiatives & Regulatory Scenario
|11. Analysis of Key Participants Involved in Carbon Credit Market
|12. India Carbon Credit Market - Opportunity Assessment
|13. India Carbon Credit Market Competitive Landscape
|14. Company Profiles
|15. Key Strategic Recommendations