NAVEE Unveils ST3 and GT3 Series: Elevating Urban Mobility with Cutting-Edge Performance
SHENZHEN, China, March 17, 2025 (GLOBE NEWSWIRE) -- NAVEE, ranking as the No.1 in Polymer Swing Arm Suspension Technology in the Electric Scooters market category and a rising innovator in electric mobility, is proud to introduce its latest electric scooters with early-bird promotion. The ST3 and GT3 series deliver a new level of electric scooter performance, with two new product lineups that bring extended range, extreme performance, and off-road capabilities. The new models are now available with substantial early-bird discounts.
NAVEE ST3 and ST3 Pro
The new ST3 and ST3 Pro push the limits of electric scooters even further with more power, better range, improved safety, and the smoothest ride possible.
With a new automotive-grade Damping Arm™ suspension system that smooths out the ride on both the front and rear wheels using four polymer arms, the NAVEE ST3 and ST3 Pro debut a new level of comfort beyond the limits of traditional e-scooters. On bumpy cobblestones, winter-damaged city roads, and even gravel paths, you'll have a comfortable journey.
Its super-stable ride can't eliminate your commute, but it should make it more of a breeze, especially when paired with our 48-volt platform, which delivers up to 1350 watts of peak power, giving you the oomph you need to climb up to 28% inclines with no power loss. And in sport mode, you can push the envelope up to 25 mph — handy for both an exhilarating ride and getting out of the way when you need to. When it's time to stop, the advanced triple-braking system combines hydraulic disc, drum, and automotive-grade eABS and traction control systems for enhanced safety and a reduced braking distance.
The ST3 Pro's 596.7 Wh battery system offers an extended, TÜV-certified range of up to 46.6 miles at max speed, and the ST3's 477.36Wh battery delivers up to 37.5 miles, eliminating range anxiety. That's further augmented by a proprietary regenerative braking system that can recapture up to 12% of your total range to push even further.
If cruising in style is a priority, the new ST3 Pro offers a built-in ambient lighting system integrated into the footboard with fifteen separate lighting modes, all conveniently controlled by the NAVEE app. Both models come with a headlight, taillight, and turning indicators.
NAVEE GT3 and GT3 Pro
For those looking for the best possible value for their money, the new GT3 series offers a fast and smooth ride paired with the range you need.
Like the more expensive ST3 series, the new GT3 series sets a new benchmark in urban commuting with quadruple shock absorption by featuring front dual-fork suspension and rear dual-cylinder suspension, significantly improving ride stability on bumpy and uneven surfaces.Our internal testing shows that this provides up to a 40% improvement in shock absorption compared to single-shock e-scooter systems, enhancing comfort and safety on your ride.
With a 48-volt system delivering 1000 watts of peak power output on the GT3 Pro and 700 watts of peak power on the GT3, you can hit a top speed of 20 mph as you cruise around town. And the capacious batteries — 477 Wh for the GT3 Pro and 358 Wh for the GT3 — deliver up to 37.5 miles and 31 miles of range, respectively, and charge completely in just 8 hours.
Other features include an automatic headlight, taillight, turning indicators, a big LED display, proximity unlock, Apple FindMy support, and a water-resistant IPX5 rating, giving the GT3 everything you need for cost-effective transit and leisure, delivering a whole new grade of performance in urban commuting.
Availability and Launch Promotion
Early bird sales of all the four models starts today at the NAVEE store, with promotional discounts available for the next month, ending on April 17:
ST3 Pro: $1,299, $899 with early-bird discount.
ST3: $1,199, $899 with early-bird discount.
GT3 Pro: $1,099, $599 with early-bird discount.
GT3: $899, $699 with early-bird discount.
All models will also be available on Amazon and the NAVEE official website.
About NAVEE
Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.
For more information, please visit https://naveetech.us/
Please access the press kit for more high-resolution images.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43d29e5c-b2a7-4231-ba64-5be2e0109ce2
CONTACT: Contact: yiming@museperse.com

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

The Drive
43 minutes ago
- The Drive
2026 Shelby Super Snake R Makes More HP Than Mustang GTD For $100K Less
The latest car news, reviews, and features. The new Ford Mustang GTD is far from a one-trick pony. Sure, it has a supercharged 5.2-liter V8 making 815 horsepower and 664 lb-ft of torque, but it also runs an eight-speed dual-clutch transaxle, semi-active pushrod suspension, an F1-inspired drag reduction system, magnesium wheels, carbon ceramic brakes… You get the picture. Pricing, if you have to ask, starts at $325,000 and goes way up from there. But let's say you didn't care about most of that stuff. Maybe what you really want is more power and some other upgrades that aren't quite as impressive as the road-going GT3 race car's, but still mighty capable. I'd guess that the 2026 Shelby Super Snake R is the car for you, with its 850 hp and a starting price of $224,995—almost exactly $100,000 less than the Mustang GTD. The Super Snake R is more than suited for track use, to be clear. It's based on the Mustang Dark Horse and adds fully adjustable coilover suspension plus caster camber plates, front and rear sway bars, two-piece slotted brake rotors, and a widebody aero kit. It's clearly a huge leap from a regular Mustang, both in terms of price and performance. All that power comes from a supercharged variant of the Mustang Dark Horse's 5.0-liter Coyote V8. And unlike the GTD, you can still get a Super Snake R with a six-speed Tremec manual transmission. If you'd rather not shift your own gears, then the 10-speed automatic is also on offer. With the widebody, additional aero, and supercharger kit, the Super Snake R weighs 4,004 pounds. That might sound like a lot if you're used to lightweight European sports cars or high-end exotics, but it's only 116 pounds more than a standard Dark Horse. You aren't likely to feel that weight increase at all since it makes 350 more hp than the stock Ford. Finally, in the usual Shelby fashion, there are plenty of placards and special badging to indicate how special the Super Snake R is. I'm personally not crazy about those, but if you're spending Lamborghini money on a Mustang, you probably want people to know it's something more than standard issue. There's also plenty of Alcantara, leather, and billet aluminum inside to help make your case. This isn't a true Mustang GTD rival, and Shelby American doesn't market it as such. There's no replicating a full factory effort like that, even when you have the history and know-how that Shelby does. But for those folks wanting more power out of a car that's almost definitely faster than they'll ever be as a driver, it scratches the itch just fine. Got a tip or question for the author? Contact them directly: caleb@
Yahoo
2 hours ago
- Yahoo
Green Chemicals Market Valuation is Skyrocketing to Reach US$ 28.05 Billion by 2033
The green chemicals market is dominated by bio-alcohols, propelled by global fuel mandates and process innovations. The construction sector's demand surges, fueled by green building standards, creating a robust market for sustainable materials. Chicago, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The global green chemicals market was valued at US$ 13.80 billion in 2024 and is expected to reach US$ 28.05 billion by 2033, growing at a CAGR of 8.2% during the forecast period 2025–2033. The potential of the green chemicals market is immense, driven by an unprecedented and irreversible alignment of global capital and stringent policy. The sheer scale of investment in 2024 alone signals a market at a major inflection point. We see this in landmark projects like the $3.24 billion Lake Charles facility and broad government commitments, including the U.S. Department of Energy's $6 billion fund for industrial decarbonization. This financial torrent is matched by powerful regulatory mandates, such as the EU's framework of 85 distinct actions, which are actively compelling industries to abandon legacy chemicals. This dual engine of state-level enforcement and massive private/public funding creates a predictable, high-growth environment where sustainable chemistry is no longer optional but a core component of future industrial viability and profitability. Download Sample Pages: This potential translates directly into a rapidly maturing and economically robust green chemicals market. The growth is not just theoretical; it is visible in corporate actions like TotalEnergies' $260 million acquisition in the renewable gas space, and LyondellBasell's purchase of a recycling plant. The innovation pipeline is delivering tangible performance gains, with new processes increasing productivity by 40-fold and cutting energy use by 4.5-fold, proving green chemistry's economic superiority. With over 16,000 certified bio-based products available in the U.S. and more than 150 bio-based chemical plants operational, the infrastructure for mass adoption is already in place. The market's potential is no longer a forecast; it is a current reality defined by proven technology, established supply chains, and undeniable global demand. Key Findings in Green Chemicals Market Market Forecast (2033) US$28.05 billion CAGR 8.2% Largest Region (2024) Asia Pacific (37%) By Product Type Bio-alcohol (36%) By Application Construction (28%) Top Drivers Increasingly stringent government regulations and supportive environmental policies worldwide. Rising consumer and industrial demand for sustainable, eco-friendly products. Corporate sustainability goals and commitments to circular economy models. Top Trends Innovations in biotechnology and advanced fermentation processes. Growth of bio-based materials like bioplastics and green composites. Integration of AI and machine learning for process optimization. Top Challenges Higher production costs compared to conventional chemical manufacturing. Scalability issues and the need for significant infrastructure investments. Navigating a complex and evolving global regulatory landscape. Unprecedented Investment Surge Signals Robust Confidence in the Green Chemicals Market A torrent of capital is flowing into the sector, underscoring immense investor confidence in green chemicals market. Landmark projects are breaking ground, such as Lake Charles Methanol II, LLC's new plant in Louisiana, backed by a colossal $3.24 billion investment. This is not an isolated event; major chemical companies are aggressively future-proofing their portfolios, with many allocating over $1 billion each toward bio-based research and infrastructure. Governments are amplifying this private sector push, with global subsidies and funding for bio-based initiatives now exceeding $5 billion. This financial commitment is fueling a vibrant innovation ecosystem, where global investments in research and development surpassed $2 billion in 2023. The U.S. Department of Energy reported significant investments in renewable feedstock research in March 2024, while corporate giants like Cargill launched new bio-based polyurethane products in August 2024, demonstrating the tangible outcomes of this investment boom. Rapidly Expanding Production Capacity to Meet Escalating Global Green Chemical Demand The industry is scaling up production at an impressive rate to meet demand. While the EU's traditional chemical production hit a new low in 2023 at 217.5 million tonnes, this signals a strategic pivot towards greener alternatives. The new Lake Charles Methanol II plant alone is projected to create 123 direct new jobs, showcasing the economic benefits of this transition. Globally, production capacity for bioplastics reached 2.4 million tons in 2023, with continued growth expected. In 2023, the industrial sector's consumption of bio-based chemicals exceeded 15 million tons worldwide, a trend that has persisted into 2024. In the United States, biofuel production capacity saw a 7% increase in 2023, reaching 24 billion gallons annually. This expansion directly impacts the Green chemicals market by increasing the availability of crucial feedstocks; for example, biodiesel production yields approximately 100 kg of glycerol per tonne. Stringent Regulatory Frameworks Acting as a Powerful Catalyst for Market Growth Governments worldwide are implementing decisive policies accelerating the shift towards sustainability. The European Union is at the forefront, with its comprehensive Chemicals Strategy for Sustainability outlining 85 actions to combat pollution. Key regulations are coming into force, including the Ecodesign for Sustainable Products Regulation in July 2024. Looking ahead, the European Commission unveiled its European Chemicals Industry Action Plan on July 8, 2025, and on April 3, 2025, presented proposed changes at the 54th CARACAL meeting, including clarified rules for labeling exemptions for chemical containers under 10 ml. A revision of the critical REACH Regulation is planned by the end of 2025, while a final opinion on the universal PFAS restriction is expected by late 2025 or early 2026, with an enforceable restriction anticipated around 2026–2027. In the U.S., California's Green Chemistry Initiative was enacted through 2 pieces of legislation, and the USDA's BioPreferred Program now lists over 16,000 certified products, steering the Green chemicals market forward. Corporate Sustainability Initiatives and Competitive Landscape Driving Unmatched Market Innovation Leading corporations are embedding green chemistry at the core of their strategies. Merck & Co., Inc. developed a "continuous process" for an anti-cancer therapy that slashed energy consumption by 4.5-fold, water use by 4-fold, and raw material usage by about 2-fold. This commitment to efficiency and sustainability is a key competitive differentiator. Viridis Chemical Company, winner of the 2024 EPA Small Business Award, developed a process for renewable ethyl acetate where the dehydration of bioethanol produces hydrogen gas, supplying about 40% of the plant's energy. Meanwhile, packaging giant Amcor introduced new sustainable packaging solutions in October 2024. The competitive landscape is vibrant, with over 1,000 companies now engaged in bioplastics and over 100 strategic partnerships recently formed in the bio-based chemicals sector, intensifying the pace of innovation in the Green chemicals market. Groundbreaking Technological Advancements and Innovation Reshaping the Chemical Industry's Future Innovation is the lifeblood of the Green chemicals market. The 2024 Green Chemistry Challenge Awards highlighted key breakthroughs, such as a new method for producing ethyl acetate from corn bioethanol. In August 2024, researchers at the Fritz Haber Institute introduced a novel method for understanding CO2 re-utilization, using alternating electrical pulses to control catalyst nanoparticles. Further innovation was seen in January 2024 with a successful fermentation process for producing bio-glutamic acid. Technology is a key enabler, with a 2024 GC&E AI Hackathon held to develop predictive toxicity models. A 2024 study characterized 59 commercially available polymers from 20 different polymer classes to improve recycling, while a new photo-enzymatic cascade process increased a key bioplastic precursor's productivity by an astonishing 40-fold. The Green Chemistry Commitment (GCC) celebrated over 10 years in 2024, fostering the next generation of innovators. The Critical Shift Toward Sustainable Raw Materials and Renewable Feedstock Sources A fundamental pillar of the Green chemicals market is its move away from finite fossil fuels. The feedstock landscape is now dominated by renewable sources like agricultural biomass, starches, sugars, and plant-derived oils, which are essential for producing biopolymers and bio-alcohols. Bio-alcohols represent a dominant product segment, largely driven by their widespread use as biofuels. Among the most versatile platform chemicals is glycerol, a co-product of biodiesel production. Demand for this key bio-based platform chemical is surging, particularly within the pharmaceutical sector where it can be refined to 99% purity for high-value applications. This strategic shift to renewable inputs not only enhances the environmental profile of chemical products but also creates more resilient and sustainable supply chains for a circular economy. Accelerating Adoption Across Diverse End-Use Industries Creating Immense Market Demand Green chemicals are permeating every corner of the industrial world. The food industry is a major driver, accounting for nearly 45% of the Green Chemistry Chemicals Market demand, as consumers increasingly seek clean-label products. The pharmaceutical sector is another key adopter, representing about 20% of market demand. The impact extends beyond product formulation to job creation; in the EU, the chemicals sector directly employs 1.2 million people, with another 3.6 million jobs supported indirectly through its vast supply chain. In manufacturing, the switch to green alternatives provides tangible operational benefits; for instance, the adoption of bio-based adhesives has been shown to increase production efficiency by up to 25% in certain applications. The automotive industry is also a significant user, integrating bio-based materials for bioplastics and other components. A Proliferation of Novel Product Innovations and Launches Energizing the Market The market is buzzing with the launch of new and improved green products. As of early 2024, there were over 5,000 bio-based products available to consumers and industries. Companies are gaining recognition for their pioneering work; in 2024, Bioceres was honored for developing RinoTec™, an enhanced microbial pesticide. Similarly, the BIOst pesticide product by Pro Farm Group received an exceptional life cycle assessment score of 9.9 out of 10 for its minimal environmental impact. Academic innovation is also being celebrated, with Professor Dionisios G. Vlachos recognized in 2024 for developing new synthetic methods for lubricant base oils from renewables. The pipeline for future innovations is strong, with nominations for the 2025 Green Chemistry Challenge Awards due by December 13, 2024. To date, the EPA's influential Green Chemistry Challenge has already awarded 144 groundbreaking technologies, continuously fueling the Green chemicals market. Looking for Country-Level or Section-Wise Data? Customize This Report: Geographical Analysis and Global Metrics Highlighting a Worldwide Sustainable Transition The green chemical revolution is a global phenomenon. In 2024, North America's Green chemicals market is projected to generate revenues of USD 53.8 billion, with an anticipated CAGR of 9.17% from 2024 to 2029. The United States has over 150 operational bio-based chemical plants, while China has established over 200 bio-refineries. Europe is noted as the fastest-growing regional market, supported by the EU's comprehensive regulatory framework. Key industry events like the 2024 Green Chemistry GRS seminar on July 27-28, 2024, and the GC&E AI Hackathon in 2024 are fostering global collaboration. The combined EU & US bio-based chemicals market, valued at USD 60.02 billion in 2023, is projected to hit USD 64.72 billion in 2024. With the European Commission's 2025 Annual Single Market and Competitiveness Report released on January 29, 2025, and sales of clean label ingredients set to grow by 6.75% annually, the data confirms the unstoppable momentum of the global green chemicals market. Global Green Chemicals Market Major Players: BASF SE Arkema Group BiologiQ Inc Dongguan Xinhai Environmental-Friendly Material Co., Ltd Ecovia Renewables, Inc. Evonik Industries AG GFBiochemicals Ltd. Koninklijke DSM N.V. Mitsubishi Chemical corporation Plantic Technologies Limited Secos Group Ltd. Toray Industries Inc. Total Corbion PLA USG Corporation Vertec Biosolvents, Inc. Other Prominent Players Key Market Segmentation: By Application Textile Packaging Construction Food and Beverages Automotive Paints and Coatings Pharmaceuticals Others By Product Bio-organic acids Biopolymers Bio-alcohols Other Products By Region North America Europe Asia Pacific Middle East Africa South America Want Clarity on Report Coverage? Schedule a Quick Demo Call: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Carbon Credit Market Valuation is Skyrocketing to Reach US$ 4,983.7 Bllion By 2035
Dominated by compliance mandates and high prices, the carbon credit market sees a major shift. Corporate demand is pivoting from avoidance to verifiable, high-cost carbon removal, driving investment in technology and nature-based project integrity. Chicago, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The global carbon credit market was valued at US$ 1,142.40 billion in 2024 and is expected to reach US$ 4,983.7 billion by 2035, growing at a CAGR of 18% during the forecast period 2025–2035. The narrative of the carbon credit market is one of explosive growth and increasing sophistication. The market's foundational metrics underscore a sector moving decisively into the financial mainstream. In 2023, the value of the voluntary carbon market (VCM) was firmly established at approximately $2 billion. Projections for the coming years are even more staggering, with forecasts anticipating a market value between $10 billion and $40 billion by 2030. This financial expansion is built on tangible activity; a total of 155 million carbon credits, each representing a metric ton of CO2, were retired in 2023, while the total volume of traded credits reached 258 million. Download Sample Pages: The scale of the supply side is equally impressive, with more than 5,000 active carbon credit projects registered globally as of early 2024. A pivotal development is the work of the Integrity Council for the Voluntary Carbon Market (ICVCM), which began approving the first programs meeting its Core Carbon Principles (CCP) in late 2023. These CCP-labeled credits are forecast to trade at a significant premium, with initial estimates suggesting a potential value increase of over $3 per ton, signaling a market that is actively rewarding integrity. Key Findings in Carbon Credit Market Market Forecast (2035) US$ 4,983.7 billion CAGR 18% Top Drivers Increasingly stringent government regulations and ambitious national climate targets. Growing corporate net-zero commitments and investor pressure for ESG performance. Rising global carbon prices making emission reduction projects more viable. Top Trends Shift in demand from avoidance to permanent carbon removal credits. Development of digital MRV for enhanced transparency and credit integrity. Standardization of contracts and rapid growth of exchange trading platforms. Top Challenges Lack of a single, globally accepted standard for credit quality. Concerns over greenwashing and the integrity of offset project claims. Scaling carbon removal technologies to meet massive future market demand. Corporate Decarbonization Strategies are Now Fueling Unstoppable Carbon Credit Market Demand Corporate net-zero commitments are the primary engine of demand within the voluntary carbon credit market. In 2023, corporations showcased their commitment by purchasing and retiring at least 161 million carbon credits. This trend is anchored by a broader movement towards accountability; as of 2024, over 5,200 companies have set climate targets with the prestigious Science Based Targets initiative (SBTi). A forthcoming policy change from the SBTi is expected to allow the use of carbon credits to abate up to 10% of a company's Scope 3 emissions, a landmark decision that could unlock billions in new demand. An analysis of purchasing trends reveals specific sector leadership. Companies in the energy sector were the single largest buyers in 2023, acquiring over 33 million credits. The financial services industry was the second-largest participant, purchasing more than 16 million credits. This external purchasing is increasingly complemented by internal corporate policy, with over 400 companies worldwide having implemented an internal carbon price as of 2024, creating a powerful, built-in mechanism for driving decarbonization investments. The Enduring Financial and Environmental Appeal of Nature-Based Carbon Credit Solutions Within the diverse portfolio of available credits, nature-based solutions (NBS) remain the dominant and most valuable category. In 2023, nature-based credits accounted for the largest share of market value, representing over $1.3 billion in total transactions. This financial weight is supported by immense volume, with credits from forestry and land-use projects seeing transaction volumes of 163 million credits during the same year. Quality within this segment is fetching significant premiums; the price for top-tier nature-based credits, particularly those from afforestation and reforestation projects, frequently surpassed $15 per ton in 2024. The carbon credit market is also quantifying the value of positive externalities. Projects delivering biodiversity co-benefits, certified under rigorous standards like the Climate, Community & Biodiversity (CCB) Standards, can command a price premium of over $2.50 per ton. Looking ahead, the potential of blue carbon projects, which focus on coastal and marine ecosystems, is immense, with a scientifically estimated sequestration capacity of up to 1.39 billion tons of CO2 annually. Technological Carbon Removal Emerges as a High-Value, Long-Term Investment Frontier A new frontier of high-integrity, durable carbon removal is rapidly gaining traction and investment in the carbon credit market. As of early 2024, the total amount of durable carbon removal contracted through long-term offtake agreements had already reached 6.7 million tons of CO2. While nascent, this segment is defined by its value and permanence, with the average price for a technologically removed ton of carbon via methods like Direct Air Capture (DAC) standing at approximately $600 in 2023. This high price point has not deterred visionary corporate buyers. Frontier, an advance market commitment led by Stripe, Alphabet, and Meta, has pledged over $1 billion to purchase permanent carbon removal credits. Tech giant Microsoft has backed its commitments with capital, having already contracted for over 2.6 million metric tons of carbon removal across its portfolio as of 2023. This investment is translating into operational assets; Climeworks' Mammoth DAC plant, which came online in 2024, is designed to capture 36,000 tons of CO2 per year, proving the technology's commercial viability. Aviation Sector Compliance Mandates Create a Significant and Reliable Demand Floor The international aviation sector represents a formidable and legally mandated source of credit demand in the carbon credit market . Projections show that the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is set to create demand for 64 to 158 million carbon credits in the year 2025 alone. The global reach of this program underpins its market impact; in its first official phase (2024-2026), 115 countries are participating in CORSIA, representing the vast majority of international aviation activity. This compliance-driven demand has created a distinct asset class, with the price of CORSIA-eligible credits (CECs) trading at around $7 per metric ton in early 2024, establishing a reliable price floor for qualifying projects and providing a steady source of demand for the foreseeable future. A Globalized Market Characterized by Strong Regional Demand Centers of Gravity While global in scope, demand within the voluntary carbon credit market is concentrated in several key economic regions. North American companies currently lead the world as the largest source of demand, having retired a massive 66.8 million credits in 2023. Following closely, European companies demonstrated their strong commitment to climate action by retiring 52.4 million credits during the same period. However, the market's future growth is increasingly tied to emerging economies. Demand from companies in Asia is expanding rapidly and is now a major force, with a notable 28.1 million credits retired in 2_023, signaling a geographic diversification that will continue to shape the industry's future._ Analyzing the Supply-Side Dynamics and Issuance Trends of Carbon Credits A healthy carbon credit market requires a robust supply, and the issuance of new credits is keeping pace with demand growth. In 2023, the issuance of new carbon credits in the voluntary market reached 255 million. Geographically, India has emerged as a powerhouse of supply, becoming the largest single source of issued credits in 2023 by placing over 60 million credits onto the market, a volume largely driven by its renewable energy projects. Despite record retirements, the pipeline of available credits remains strong, providing a buffer for future demand surges. The volume of available, un-retired carbon credits held on registries stood at over 600 million tons at the start of 2024, ensuring ample supply for corporate buyers in the near term. The Financialization and Price Stratification of the Modern Carbon Credit Market The increasing financialization of the carbon credit market is a clear sign of its maturity. Exchange-traded volume has seen a significant increase, exemplified by the CME CBL Nature-Based Global Emissions Offset (N-GEO) futures contract, which now trades millions of tons annually and provides critical price transparency. This market maturity is attracting sophisticated capital; at least 15 new carbon-focused investment funds were launched in 2023, all aiming to invest directly in carbon credit projects and portfolios. This influx of financial acumen is driving a distinct price stratification based on quality. In early 2024, prices for standard renewable energy credits, such as those from India, were trading for as low as 1−1−2 per ton. In stark contrast, S&P Global's Platts assessment for "Premium" nature-based credits exceeded $12 per ton during the same period, confirming that the market is actively pricing in project quality. This trend is accelerating, with the price gap between lower-quality and higher-quality credits having widened to more than $10 per ton by the end of 2023. Tailor This Report to Your Specific Business Needs: Future Outlook: Monumental Investment and Supply Growth Needed to Meet Demand Looking toward the end of the decade, the trajectory for the carbon credit market is one of exponential growth and critical importance. Investment in the underlying project infrastructure is already scaling up, with investment in carbon capture, utilization, and storage (CCUS) projects reaching $6.4 billion in 2023. The demand potential is astronomical. A forecast from BloombergNEF (BNEF) illustrates that if carbon credit use is limited to just 1% of the European Union's total emissions, it would still generate demand for 36 million credits annually. However, the ultimate challenge lies in scaling supply to meet the demands of global net-zero ambitions. To keep the world on track for its 2030 climate goals, expert analysis concludes that the annual supply of carbon credits will need to grow to approximately 1.5 billion tons—a multi-fold increase from today's levels, presenting one of the most significant environmental and financial opportunities of our time. Global Carbon Credit Market Major Players: 3Degrees Atmosfair Climate Impact Partners ClimeCo LLC EKI Energy Services Ltd. Finite Carbon NativeEnergy NATUREOFFICE Pachama, Inc. South Pole Group Tasman Environmental Markets Terrapass Verra Carbon Xpansiv Other Prominent Players Key Market Segmentation: By Type Voluntary Markets Compliance Markets By Source Technology Based Biomass Forest Based Sewage Treatment Plants Wastewater Treatment Plants By Project Type Carbon Avoidance Projects Carbon Removal projects Nature Based Technology Based By Selling Platform Direct Contact Climate Exchange Platforms By Business Size Small and Micro Enterprises Medium and Large Businesses By Industry Power Generation Biomass Geothermal Hydrogen Solar Others Waste Treatment Plant Sewage Treatment Commercial Waste Treatment Industrial Waste Treatment Municipal Solid Waste Others Waster Treatment Cement Oil & Gas Iron & Steel Chemical & Petrochemical Other Industries By Region North America Europe Asia Pacific Middle East & Africa (MEA) South America Want Clarity on Report Coverage? Schedule a Quick Demo Call: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data