Market Forecast By Sector (Energy, Transportation, Residential And Commercial Buildings, Industry, Agriculture, Forestry, Water And Wastewater) And Competitive Landscape
Product Code: ETC413317 | Publication Date: Oct 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Qatar Carbon Credit Market |
Forecast period | 2025-2031 |
CAGR | 6.78% |
Growing Sector | Agriculture, aviation, and waste management |
Qatar Carbon Credit Market report thoroughly covers the market by sector. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar Carbon Credit Market is a burgeoning sector that is rapidly gaining traction. The country's strong focus on CCUS technologies, as evidenced by the QCCSRC and the Qatar Carbonate Project, is a testament to its commitment to reducing greenhouse gas emissions. Qatar is one of the leading producers of oil and gas, which have long been known to have a considerable impact on the environment. The nation has been gradually shifting its focus towards a more sustainable economy, with the introduction of numerous initiatives aimed at mitigating the effects of pollution and carbon emissions.
According to 6Wresearch, the Qatar Carbon Credit Market size is projected to grow at a CAGR of 6.78% during the forecast period of 2025-2031. The market has been primarily driven by its commitment to sustainable development, and reducing greenhouse gas (GHG) emissions. The country has set ambitious targets of reducing GHG emissions by 50% by 2031, and it has implemented a series of measures to achieve this goal. The use of renewable energy has been one of the key drivers of the carbon credit market. The country has a significant amount of sunshine, making solar power an abundant resource. Additionally, the country has reinvigorated the use of electric cars and introduced various energy-efficient measures. The Qatar carbon credit market is poised for steady growth. With the renewable energy sector in Qatar expanding, the carbon market is expected to witness further growth. Additionally, the country has been increasing its carbon mitigation projects, and this has resulted in a significant increase in carbon credit deals. As the demand for sustainable development increases, there will be more opportunities for carbon credits in Qatar.
However, many individuals and businesses are unaware of the benefits of carbon credits and the carbon market, leading to a low demand. Additionally, many businesses consider carbon credits an additional cost rather than an investment, making it challenging to convince them to participate. Another significant challenge that the market faces is the lack of regulatory frameworks. Nevertheless, the Qatar carbon credit market growth is further bolstered by several opportunities. The government's commitment to sustainable development, coupled with the growth of the renewable energy sector, provides a major opportunity for growth. Additionally, the demand for carbon credits is increasing globally, and this will provide an excellent opportunity for Qatar to expand its carbon credit market.
The government of Qatar has implemented various policies and schemes to reduce carbon emissions in the country. One of the significant policies is the Qatar National Vision 2031, which reflects the government's commitment to promoting sustainable development. It aims to reduce greenhouse gas emissions and promote the use of renewable energy sources. The government also introduced a carbon capture and storage scheme, which captures carbon dioxide from industrial processes and stores it underground. It enables industries to reduce their carbon emissions and generate carbon credits that can be traded in the Qatar Carbon Credit Industry.
The major players in the Qatar Carbon Credit Market are the Qatar Energy and Environment Research Institute (QEERI). The company provides technical expertise to the government and industries to reduce their carbon footprint and support sustainable development. Another key player in the Qatar Carbon Credit Market is the Qatar Stock Exchange (QSE). It enables companies to trade carbon credits and promote sustainable development.
The future of the Qatar Carbon Credit Market looks promising, with the government's commitment to promoting sustainable development and reducing carbon emissions. The demand for carbon credits is likely to increase as more industries adopt energy-efficient technologies and renewable energy sources. Moreover, the Qatar Carbon Credit Market has the potential to become a regional hub for carbon credits trading, attracting investors and companies from the Middle East and North Africa.
According to Sarthak, Senior Research Analyst, 6Wresearch, the industrial segment is currently the largest and dominates the Qatar Carbon Credit Market Share. It includes large emitters like oil refineries, petrochemical plants, and power generation units. However, the commercial segment is also expected to grow steadily.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Carbon Credit Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Carbon Credit Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Carbon Credit Market - Industry Life Cycle |
3.4 Qatar Carbon Credit Market - Porter's Five Forces |
3.5 Qatar Carbon Credit Market Revenues & Volume Share, By Sector, 2021 & 2031F |
4 Qatar Carbon Credit Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Carbon Credit Market Trends |
6 Qatar Carbon Credit Market Segmentations |
6.1 Qatar Carbon Credit Market, By Sector |
6.1.1 Overview and Analysis |
6.1.2 Qatar Carbon Credit Market Revenues & Volume, By Energy, 2021-2031F |
6.1.3 Qatar Carbon Credit Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.4 Qatar Carbon Credit Market Revenues & Volume, By Residential And Commercial Buildings, 2021-2031F |
6.1.5 Qatar Carbon Credit Market Revenues & Volume, By Industry, 2021-2031F |
6.1.6 Qatar Carbon Credit Market Revenues & Volume, By Agriculture, 2021-2031F |
6.1.7 Qatar Carbon Credit Market Revenues & Volume, By Forestry, 2021-2031F |
7 Qatar Carbon Credit Market Import-Export Trade Statistics |
7.1 Qatar Carbon Credit Market Export to Major Countries |
7.2 Qatar Carbon Credit Market Imports from Major Countries |
8 Qatar Carbon Credit Market Key Performance Indicators |
9 Qatar Carbon Credit Market - Opportunity Assessment |
9.1 Qatar Carbon Credit Market Opportunity Assessment, By Sector, 2021 & 2031F |
10 Qatar Carbon Credit Market - Competitive Landscape |
10.1 Qatar Carbon Credit Market Revenue Share, By Companies, 2024 |
10.2 Qatar Carbon Credit Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |