Emission trading
schemes form the backbone of modern pollution control system across
the globe. This is a system in which special economic incentives are
given to companies for achieving reductions in the emissions of
pollutants. Various countries have adopted emission trading scheme as
one of the initiatives for counter attacking climate change and
addressing international greenhouse-gas emission. Pollution control
norms, global acceptance and cost effectiveness are the key factors
on which the market of emission trading scheme depends. Emission
trading scheme finds application in healthcare industry,
manufacturing industry, aerospace and automotive sector. Increase in
research and development activities in different industries is acting
as a catalyst for the growth of emission trading schemes market over
the forecast period. Moreover rising awareness of environmental
pollution backed by technological innovation and pollution control
initiatives by different countries across the globe are the factors
driving the Emission
trading schemes market globally. The highly successful
rate of pollution reduction with the use of emission trading schemes
is also boosting the market and driving the demand at an exponential
rate. Increasing application of emission trading schemes in
automobile pollution control and manufacturing sector by proving
economic incentives is expected to serve as a market opportunity for
future growth.
Asia-Pacific is the
most attractive region for emission trading schemes market. The
significant increase in application of emission trading in energy
incentive sectors like cement, newsprint, steel, aluminium and
petroleum in Asia-pacific region is driving the market for emission
trading schemes. In addition, presence of unmet needs, government
initiatives to increase awareness and improving economic stability
are the drivers, driving the emission trading schemes market in the
region. Moreover increase in use of modern technologies, continuous
research and development by different manufacturing and petroleum
companies are the prime drivers of the market in Asia Pacific region.
The North America and Europe market for emission trading schemes is
expected to grow at a steady pace over the forecast period. Steady
recovery from the recent economic meltdown is responsible for the
growth in the manufacturing and industrial sector in North America
which is driving the market for emission trading schemes in the
region.
Moreover increasing
environmental awareness among the people with the need for reducing
carbon footprints backed by government initiatives are expected to
boost the market in North America. The necessity to reduce carbon
dioxide emission and government rules and regulations about
environmental pollution norms in United Kingdom is driving the
emission trading schemes market in Europe. Moreover there is an
increase in emission trading schemes for reduction of green house
gases. This has lead to a significant increase in market demand for
emission trading schemes for carbon footprint reduction in Europe
market. Europe market faced steep challenge in the recent economic
meltdown and is recovering at a steady pace which has also increased
the demand for technological innovation and upgradation in the
manufacturing industry thereby driving the market for emission
trading schemes.
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Global key
participants in the industry include Green Pro Invest, Ecolutions
GmbH, CK Connect Co2, GreenTek Indika, Texas Climate & Carbon
Exchange, Bedminster International, Spectro Analytical Labs Limited
and Carbon Market Data among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
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report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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