South Korea Voluntary Carbon Credit Market Outlook (2021-2027) | Forecast, Size, Analysis, Revenue, Value, Trends, Growth, COVID-19 IMPACT, Industry, Companies & Share

Market Forecast By Types (Voluntary and Compliance), By Project Types (Forestry & Land Use Project, Transportation, Industry and Others), And Competitive Landscape.

Product Code: ETC072163	Publication Date: May 2022	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 80	No. of Figures: 14	No. of Tables: 8

South Korea Voluntary Carbon Credit Market report comprehensively covers the market by types and by project types. South Korea Voluntary Carbon Credit market report provides an unbiased and detailed analysis of the ongoing 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.

South Korea Voluntary Carbon Credit Market Synopsis

The voluntary carbon credit market in South Korea is very small owing to the presence of an established national compliance market. However, in order to capitalize on the rapidly growing global voluntary carbon credit, carbon credit providers in the country are now shifting their focus to international voluntary markets. This is expected to augment carbon offset transactions and supply from the country. However, the outbreak of COVID-19 pandemic has resulted in a slowdown in the projects, especially during 2020 and the market has recovered gradually over the next few years.

South Korea Voluntary Carbon Credit Market Outlook (2021-2027)

According to 6Wresearch, South Korea Voluntary Carbon Credit market is expected to grow at a CAGR of 11.7% during 2021-2027. According to South Korea Emissions Trading Scheme (ETS) regulation, Korean companies can use voluntary carbon credit for up to 5% of their total carbon emission submission. However, a shift in focus can enable project developers to provide offsets to international markets.

Market Analysis By Project Type

The agriculture sector held the highest revenue share in the overall South Korea Carbon Credit Market. Additionally, renewable energy and forestry & land-use projects are witnessing substantial growth, leading to the growth of the voluntary carbon credit market in South Korea.

South Korea Voluntary Carbon Credit Market Outlook (2021-2027)

Key Attractiveness of the Report

COVID-19 Impact on the Market.
6 Years Market Numbers.
Estimated Data Starting from 2021 to 2027F.
Base Year: 2021
Forecast Data until 2027F.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report

South Korea Carbon Credit Market Overview
South Korea Carbon Credit Market Outlook
South Korea Carbon Credit Market Forecast
Historical Data and Forecast of South Korea Carbon Credit Market Transaction Values, for the Period 2017-2027F
Historical Data and Forecast of South Korea Carbon Credit Market Values, for the Period 2017-2027F
Historical Data and Forecast of South Korea Carbon Credit Market, By Types, for the Period 2017-2027F
Historical Data and Forecast of South Korea Carbon Credit Market, By Project Types, for the Period 2017-2027F
Impact Analysis of Covid-19
Market Drivers, Restraints, and Trends
Key Performance Indicators
Industry Life Cycle & Porter’s Five Force Analysis
Market Opportunity Assessment
Key Strategic Recommendations