Growth Of Emission Trading Schemes Market 2015 - 2021 oct 2016 | Page 2
REPORT DESCRIPTION
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.
Complete Report Emission Trading Schemes Market with TOC :
http://www.transparencymarketresearch.com/emission-trading-schemes-market.html
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 Asiapacific 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