- What are the market trends in the environmental certificate market?
- What are the drivers and barriers for the environmental certificate market?
- What is the market size for environmental certificates globally?
- What is the expected impact of upcoming policy and legislative changes on market size and growth?
- How does anticipated market size and growth differ by environmental certificate type?
2Q 2023
Environmental Certificates
Carbon Certificates and Energy Attribute Certificates: Global Market Analysis and Forecast, 2023-2032
As concerns about the impact of global pollution grow, demand is increasing for organizations to demonstrate their commitment to sustainability. One way to do this is by obtaining environmental certificates, which are third-party-verified credentials that attest to an organization’s adherence to specific environmental standards. These certificates can cover a range of environmental issues, from energy and water efficiency to waste reduction and biodiversity preservation. In addition, issuance of these certificates can sometimes encourage growth in renewable energy development and support for projects that reduce greenhouse gas (GHG) emissions or remove carbon from the atmosphere.
This Guidehouse Insights report explores the trends, drivers, and barriers that characterize the environmental certificate market, with a focus on the two main market segments—carbon certificates and energy attribute certificates (EACs)—and the different processes of procuring and selling them.
Overall, several drivers have contributed to the growth of the environmental certificate market in the last few years and are likely to continue to drive its expansion throughout the next decade. One key factor is increased awareness of the threat posed by GHG emissions and the need for organizations to take responsibility for their carbon footprint. Consumers and investors are becoming more environmentally conscious and are demanding that companies demonstrate their commitment to sustainability. In addition, many governments around the world have implemented regulations and incentives to encourage businesses to reduce their environmental impact, which has led to a rise in the adoption of environmental certification.
This report’s forecast methodology is based on extensive primary and secondary research. Interviews with a range of market stakeholders were conducted to collect information on market trends and inform assumptions on forecast market revenues. A bottom-up and top-down approach was used for the forecasts.
Pages
27
Tables | Charts | Figures
19
Key Questions Addressed
Who Needs This Report
- Environmental certificate brokers
- Environmental NGOs
- Energy service companies
- Investor community
- Local and federal governments
- Organizations grappling with ESG commitments and goal setting
- Policymakers
- Sustainability advisory firms
- Utilities
Table Of Contents
1. Executive Summary
1.1 Market Overview
1.2 Market Drivers
1.3 Market Barriers
1.4 Market Forecast
2. Market Issues
2.1 Environmental Certificate Definition
2.2 Environmental Certificate Segments
2.2.1 Carbon Certificates
2.2.2 Energy Attribute Certificates
2.2.3 Energy Saving Certificates
2.3 Market Trends
2.3.1 Growth of the Voluntary Market
2.3.2 Use of Granular Energy Attribute Certificates
2.3.3 Use of Blockchain Technology
2.3.4 Relaunch of China Certified Emission Reduction Scheme
2.3.5 Focus on High Quality Environmental Certificates
2.4 Market Drivers
2.4.1 Policy Adoption and Legislative Obligations
2.4.1.1 SEC Climate Disclosure Requirements
2.4.1.2 EU Corporate Sustainability Reporting Directive
2.4.2 Stakeholder Pressure
2.4.3 Advances in Renewable Energy Technology
2.5 Market Barriers
2.5.1 Carbon Certificate Market Skepticism
2.5.2 Lack of Granularity
2.5.3 Upfront Costs
2.5.4 Lack of Standardization
2.5.5 Underdeveloped Renewable Energy Infrastructure and Lack of Regulation in Some Regions
3. Market Forecasts
3.1 Scope
3.2 Segments
3.2.1 Carbon Certificates
3.2.2 Energy Attribute Certificates
3.3 Methodology
3.4 Global Overview
3.5 Regional Forecasts
3.5.1 North America
3.5.2 Europe
3.5.3 Rest of World
4. Conclusions and Recommendations
5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Environmental Certificate Revenue by Region, World Markets: 2023-2032
- Environmental Certificate Revenue by Region, World Markets: 2023-2032
- Environmental Certificate Revenue by Segment, World Markets: 2023-2032
- Environmental Certificate Revenue by Industry, World Markets: 2023-2032
- Environmental Certificate Revenue by Segment, North America: 2023-2032
- Environmental Certificate Revenue by Industry, North America: 2023-2032
- Environmental Certificate Revenue by Segment, Europe: 2023-2032
- Environmental Certificate Revenue by Industry, Europe: 2023-2032
- Environmental Certificate Revenue by Segment, Rest of World: 2023-2032
- Environmental Certificate Revenue by Industry, Rest of World: 2023-2032Table, Figure, and Chart Bullet
List of Tables
- Environmental Certificate Revenue by Region, World Markets: 2023-2032
- Environmental Certificate Revenue by Segment, World Markets: 2023-2032
- Environmental Certificate Revenue by Industry, World Markets: 2023-2032
- Environmental Certificate Revenue by Segment, North America: 2023-2032
- Environmental Certificate Revenue by Industry, North America: 2023-2032
- Environmental Certificate Revenue by Segment, Europe: 2023-2032
- Environmental Certificate Revenue by Industry, Europe: 2023-2032
- Environmental Certificate Revenue by Segment, Rest of World: 2023-2032
- Environmental Certificate Revenue by Industry, Rest of World: 2023-2032
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