Climate finance provides capital for climate change mitigation and adaptation projects around the world to support low carbon, climate resilient development. It channelizes funds towards renewable energy, energy efficiency, sustainable transport, and climate adaptation projects. There is an increasing need for climatic solutions to curb greenhouse gas emissions and transition towards a greener economy.

The global Climate And Carbon Finance Market is estimated to be valued at US$ 459.58 Mn in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Key Trends:
Increasing concerns about carbon footprint and global warming have accelerated the growth of climate finance market. Various initiatives at international and national levels have increased awareness about dangers of climate change. This has led more organizations and individuals committing funds for climate friendly projects. Stakeholders are investing in renewable energy infrastructure, forestry projects, and other climate solutions to lower their carbon emissions. Governments across the world are also introducing new policies and incentives to boost funding in climate change mitigation. Higher capital inflows are expected to strengthen investments in developing nations for transitioning to low carbon growth path.

Segment Analysis
The global climate and carbon finance market is dominated by compliance segment that allows carbon credits trading. This segment contributes over 60% share due to stringent government regulations and compliance policies related to carbon emission in industries. The voluntary segment is the fastest growing segment and is expected to witness growth of 4.8% during forecast period on account of increasing initiatives by corporates towards carbon neutrality and sustainability goals.

Key Takeaways
The Global Climate And Carbon Finance Market Size is estimated to be valued at US$ 459.58 Mn in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023-2030.

Regional analysis: The Asia Pacific region dominates the climate and carbon finance market with over 35% share due to presence of large economies like China and India with high carbon emission. Europe is the second largest region owing to stringent emission norms imposed by European Union. North America is expected to witness growth of 3.2% during forecast period with focus on renewable energy projects in the region.

Key players: Key players operating in the climate and carbon finance market are International Paper Company, Georgia-Pacific LLC, Kimberly Clark, Weyerhaeuser Company, Sveaskog, and Klabin. International Paper Company leads the market and has pioneered carbon finance initiatives through afforestration projects across geographies.

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