Climate Change Consulting Market, by Service Type (Corporate Strategy for Climate Change, Carbon Footprint Analysis, Emission Trading and Offsetting, Renewable Energy Development, Energy Efficiency, Policy and Economics, Climate Adaptation Analysis & Planning, Green Building Services), by Industry (Mining, Energy & Utilities, Government, Manufacturing, Transportation & Logistics, Others (Construction, Agriculture, Forestry, etc.)), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
The impacts of climate change occurring around the world has put a strain on large corporations and governing authorities to take preventive measures in order to reduce the effects of climate change. For this, regulatory bodies and other organizations such as the European Union, the World Bank, the United Nations, and the International Energy Association among others have put forth various plans to overcome the impacts of climate change. For instance, in April 2016, dealing parties (195 nations) signed an agreement within the United Nations Framework Convention on Climate Change (UNFCCC), named as the Paris Agreement, which revolves around greenhouse-gas-emissions mitigation, adaptation, and finance.
Market Dynamics
Increasing awareness about harmful impact of greenhouse gas emissions and climate change. The global demand for climate change consulting is significantly increasing, owing to increasing focus of companies and governments on sustainable development, development of smart cities, and increasing government regulations and collaborations for environment protection. Climate change consulting services provided by vendors mainly offer advisory, assistance, and action plans for organizations and governments to control climate change. Political factors significantly drive demand for climate change consulting services. Policies and regulations act as a key driver for growth of the climate change consulting market. However, climate change consulting market growth was affected by downturn in the oil & gas industry after 2014, as the investments by oil and gas companies in climate change consulting services decreased significantly during this period.
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