#emissionstrading

Vietnam launches first phase of emissions trading scheme: Vietnam has formally launched the pilot phase of an emissions trading scheme aimed at encouraging three major industrial sectors to cut the amount of carbon dioxide they produce, the government said on Tuesday. #Vietnam #EmissionsTrading #ClimateChange #Sustainability #CarbonReduction https://news.tuoitre.vn/vietnam-launches-first-phase-of-emissions-trading-scheme-103250612114845566.htm?utm_medium=tumblr

Vietnam launches first phase of emissions trading scheme https://news.tuoitre.vn/vietnam-launches-first-phase-of-emissions-trading-scheme-103250612114845566.htm?utm_source=dlvr.it&utm_medium=tumblr

Introduction Climate change is one of the defining challenges of the 21st century. Driven largely by the accumulation of greenhouse gases (GHGs) in the atmosphere, particularly carbon dioxide (CO₂), global warming is causing more frequent extreme weather events, rising sea levels, and disruptions to ecosystems. Recognizing the urgency of the crisis, governments, businesses, and individuals are intensifying efforts toward carbon emissions reduction. Achieving net zero emissions — where the amount of GHGs emitted is balanced by the amount removed from the atmosphere — has become the gold standard in climate action. Mechanisms like carbon credits and emissions trading are increasingly playing critical roles in steering the world toward a greener future. This article of Savings UK Ltd explores the strategies, tools, and challenges in reducing carbon emissions, and why collective action is essential to saving our planet. #Carboncredits #climateaction #emissionstrading #greenhousegases #netzero #SAVINGSUKLtd Read the full article

Emissions trading enables participants to stay within the defined cap through trading of carbon credits. The regulated entities that emit less than their allowance can sell the extra allowances (carbon credits) as per their needs, making the whole process very flexible and cost-effective. With growing concerns around environmental sustainability and tightening regulations, emissions trading has emerged as an efficient tool for incentivizing investments in cleaner technologies and driving down emissions. The global Emissions Trading Market is expected to exhibit a CAGR of 6.8% over the forecast period of 2024 to 2031.Key TakeawaysKey players operating in the Emissions Trading Market are Johnson & Johnson Services, Inc., 3M, Baxter, Coloplast A/S, Integra LifeSciences, Medtronic, Omeza, Cardinal Health, Bactiguard AB, Noventure, Essity, Schulke & Mayr GmbH, Smith & Nephew Plc., Convatec Group PLC, SANUWAVE and SANUWAVE Health, Inc., EO2 Concepts, Wound Care Advantage, LLC., Healthium Medtech Limited, Arch Therapeutics, Inc., Hydrofera, Sanara MedTech Inc., Axio Biosolutions Pvt Ltd., and Gentell, Inc. Major players are focusing on forming strategic partnerships and collaborations to develop advanced carbon credit trading platforms. The Emissions Trading Market Demand is witnessing significant due to strict regulations and incentives towards reducing industrial emissions. Growing awareness about environmental sustainability is encouraging more organizations to participate in emissions trading programs. The market is also benefiting from involvement of large corporates aiming to achieve carbon neutrality through carbon offsetting.Market Key TrendsOne of the key trends gaining traction in the emissions trading market is the transition towards digital marketplaces and blockchain-based carbon trading platforms. Blockchain offers advantages like transparency, security and automation in carbon credit transactions. It facilitates seamless peer-to-peer trading of emission allowances and offsets between regulated entities and project developers. Major players are making investments in distributed ledger technologies to modernize existing cap-and-trade schemes and attract more participants to carbon markets. The shift towards blockchain-based infrastructure is expected to boost overall efficiency, drive higher trading volumes and uphold integrity in the carbon credit distribution process.Porter’s AnalysisThreat of new entrants: High capital requirement and stringent regulations make entry difficult for new players. Bargaining power of buyers: Large buyers can negotiate better prices due to their scale of operation.Bargaining power of suppliers: Suppliers have low bargaining power due to availability of substitutes.Threat of new substitutes: Alternate technologies for carbon capture pose threat of substitution.Competitive rivalry: Intense competition exists among existing players to gain market share.Geographical concentration: The emissions trading market in Europe accounts for over 80% share in terms of value currently, primarily driven by stringent emission reduction targets.Get more insights on Emissions Trading MarketAbout Author:Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

Robert Stavins, speaking in the China Pavilion, Day 8, COP27, Sharm El Sheikh, Egypt

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