Climate and Carbon Finance Market Growth Accelerated by Climate Risks Mitigation

 


Climate and carbon finance provides climate risk quantification and management solutions to corporations and governments worldwide. Their solutions help assess the physical and transition risks associated with climate change through proprietary climate risk modeling and pathways. The global Climate And Carbon Finance Market is estimated to be valued at US$ 459.58 Mn in 2023 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trends driving the growth of the climate and carbon finance market size is the increasing need for mitigating climate risks among private and public entities. As climate risks such as extreme weather events, sea level rise, and shifting climatic zones are expected to intensify in the coming years, corporations and governments are investing heavily in understanding their exposure to such risks and devising strategies to build resilience. Climate and carbon finance players are developing advanced analytics and scenario modelling capabilities to accurately quantify both physical and transition risks and help clients develop suitable adaptation and mitigation plans. This is expected to significantly drive the demand for their services over the forecast period.

Segment Analysis
The global climate and carbon finance market is dominated by the forestry segment. Forestry projects account for over 35% of the total carbon credit issuances globally as Reforestation and avoided deforestation are cost-effective solutions for carbon sequestration. The forestry segment generates carbon credits by planting trees or protecting existing forests from deforestation. As trees grow, they absorb CO2 from the atmosphere thereby mitigating climate change.

Key Takeaways

The global climate and carbon finance market is expected to witness high growth.

Regional analysis: The Asia Pacific region leads the climate and carbon finance market with over 40% share globally driven by presence of large developing economies like China and India. These countries are actively investing in afforestation and renewable energy projects to meet their Paris Agreement commitments.

Key players related content comprises: Key players operating in the climate and carbon finance market are International Paper C, 3Degrees C, Blue Source C, Green Mountain Energy C, and Schneider Electric C.

Get more insights on this topic: https://www.newsstatix.com/climate-and-carbon-finance-market-share-and-opportunity-analysis/

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