Carbon Verification Market

Carbon Verification Market, By Type of Carbon Credits (Certified Emission Reductions (CERs), Verified Carbon Units (VCUs), Gold Standard (GS) credits, Climate, Community and Biodiversity (CCB) Standards credits, American Carbon Registry (ACR) credits, Others), By End Use Industry (Energy and Utilities, Transportation, Agriculture and Forestry, Waste Management, Construction, Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Carbon verification is a process where a third party organization inspects a carbon offset program and ensures that it meets its standards. Carbon credit verification is a rigorous process that involves various steps to ensure the legitimacy of credits. A verified carbon offset is a reduction, removal, or avoidance of one metric ton of carbon dioxide (CO2) equivalent emissions from the atmosphere. Carbon footprint verification helps quantify greenhouse gas emissions that result from company’s operations and thus enables the company to demonstrate its commitment to mitigating the effects of climate change. The Verified Carbon Standard (VCS) Program is the world's most widely used greenhouse gas (GHG) crediting program.

Market Dynamics:

Rise in energy demand from industries, rise in global warming, increasing carbon footprint, rise in greenhouse gas emissions, and government initiatives to reduce carbon emissions are major factors expected to propel the growth of the global carbon verification market.

For instance, in May 2023, the Government of India planned to develop the Indian Carbon Market (ICM) where a national framework will be established with an objective to decarbonize the Indian economy by pricing the Green House Gas (GHG) emission through trading of the Carbon Credit Certificates. Bureau of Energy Efficiency, Ministry of Power, along with Ministry of Environment, Forest & Climate Change are developing the Carbon Credit Trading Scheme for this purpose. The new Carbon Credit Trading Scheme will enhance the energy transition efforts with an increased scope that will cover the potential energy sectors in India.

Moreover, in April 2023, DNV launched Emissions Connect, an emissions data verification engine and data management platform, designed to help the maritime industry accurately assess and work with emissions data. The solution provides a trusted, verified source of emissions data that can be shared securely with all relevant stakeholders along the maritime value chain.

Key features of the study:

This report provides in-depth analysis of the global carbon verification market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year.

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.

It profiles key players in the global carbon verification market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.

Key companies covered as a part of this study include PwC, SCS Global Services, COTECNA, UL LLC, NSF International, First Environment, Inc., Carbon Trust, Intertek Group plc, TÜV NORD GROUP, Bureau Veritas, SGS SA, DNV GL, KPMG International Cooperative, Deloitte Touche Tohmatsu Limited, and ERM Certification and Verification Services, among others.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.

The global carbon verification market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carbon verification market.

Detailed Segmentation:

Global Carbon Verification Market, By Type of Carbon Credits:

Certified Emission Reductions (CERs)

Verified Carbon Units (VCUs)

Gold Standard (GS) Credits

Climate, Community and Biodiversity (CCB) Standards Credits

American Carbon Registry (ACR) Credits

Others

Global Carbon Verification Market, By End Use Industry:

Energy and Utilities

Transportation

Agriculture and Forestry

Waste Management

Construction

Others

Global Carbon Verification Market, By Geography:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Company Profiles:

PwC

SCS Global Services

COTECNA

UL LLC

NSF International

First Environment, Inc.

Carbon Trust

Intertek Group plc

TÜV NORD GROUP

Bureau Veritas

SGS SA

DNV GL

KPMG International Cooperative

Deloitte Touche Tohmatsu Limited

ERM Certification and Verification Services