popular articles

The decarbonisation market will surpass $4.7tn by 2033

Driven by investment in low-carbon technologies, the global decarbonisation market is expected to reach $4.7tn by 2033, according to Allied Market Research, with an average annual growth rate of 8.1%.

Please share:

The global decarbonisation market, valued at $2.2tn in 2023, is projected to reach $4.7tn by 2033, with an average annual growth rate of 8.1% over the 2024–2033 period. This projection, published by Allied Market Research, highlights the rise of integrated technological solutions across energy, transport and industrial sectors in response to growing demand for low-emission systems.

Key technologies and end-user sectors

Advances in carbon capture and storage (CCS), smart grid technologies, energy storage, and hydrogen production are increasing the market’s appeal. These innovations enable the replacement of fossil fuel-based systems in sectors such as automotive, defence, aerospace and utilities. Cost and performance optimisation is a decisive factor in the adoption of these systems.

Geopolitical and economic impacts

The market’s evolution is closely tied to macroeconomic factors such as inflation, interest rates, and national fiscal policies. Public incentives, such as the Inflation Reduction Act in the United States and the European Union’s Green Deal, are directing capital flows towards low-carbon infrastructure. In parallel, the push for energy independence in regions historically reliant on fossil fuel imports is accelerating investment in green hydrogen, batteries and renewable energy.

Structural constraints and institutional responses

High initial costs, technological limitations, and regulatory uncertainty are hindering the deployment of carbon capture projects and complicating the integration of renewable energy. Supply tensions surrounding critical materials – lithium, cobalt, rare earths – add to these challenges. Public authorities are responding through industrial partnerships, carbon pricing mechanisms and enhanced applied research funding.

Growth outlook and market developments

The expansion of direct air capture technologies and large-scale storage solutions is broadening the sector’s potential. The integration of CCS technologies with hydrogen production and bioenergy systems could support the development of carbon-negative solutions. The emergence of digital energy management platforms, such as the one recently launched by Schneider Electric SE, also contributes to the optimisation of decarbonisation strategies across the building and heavy industry sectors.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Subsea7 has been awarded a major contract by Equinor for Phase 2 of the Northern Lights project, involving the installation of a CO2 pipeline offshore Norway, with operations scheduled for 2026 and 2027.
Norwegian joint venture Northern Lights, backed by Equinor, Shell and TotalEnergies, will invest NOK7.5bn to expand its CO2 storage infrastructure following a new industrial contract signed in Sweden.
Norwegian joint venture Northern Lights, backed by Equinor, Shell and TotalEnergies, will invest NOK7.5bn to expand its CO2 storage infrastructure following a new industrial contract signed in Sweden.
Japanese conglomerate Mitsubishi Corporation has entered into a strategic partnership with Alt Carbon to scale up carbon dioxide removal across South Asia through an emerging mineral-based technology.
Japanese conglomerate Mitsubishi Corporation has entered into a strategic partnership with Alt Carbon to scale up carbon dioxide removal across South Asia through an emerging mineral-based technology.
British and European carbon markets extended gains, boosted by geopolitical tensions and prospects of aligning emissions trading systems.
British and European carbon markets extended gains, boosted by geopolitical tensions and prospects of aligning emissions trading systems.
Carbon Mapper and Planet Labs PBC will provide satellite data to California in support of a public programme targeting emission reductions in high-intensity sectors.
A coalition of 30 companies and public organizations has launched an initiative to establish a standardized protocol for carbon credit data, aiming to improve transparency and accelerate the growth of carbon markets.
A coalition of 30 companies and public organizations has launched an initiative to establish a standardized protocol for carbon credit data, aiming to improve transparency and accelerate the growth of carbon markets.
Amid political uncertainty, CO2 capture players in the United States are shifting their messaging to safeguard the tax incentives crucial to their survival. The sector is now focusing on economic and strategic arguments to persuade the government.
Amid political uncertainty, CO2 capture players in the United States are shifting their messaging to safeguard the tax incentives crucial to their survival. The sector is now focusing on economic and strategic arguments to persuade the government.
8 Rivers Capital has entrusted Wood with the preliminary engineering and design phase of a carbon capture project in Wyoming. This project, carried out with PacifiCorp, aims to modernize an existing power plant by integrating a technology utilizing supercritical CO₂.
8 Rivers Capital has entrusted Wood with the preliminary engineering and design phase of a carbon capture project in Wyoming. This project, carried out with PacifiCorp, aims to modernize an existing power plant by integrating a technology utilizing supercritical CO₂.
Recent movements in Europe’s carbon market have generated keen interest among investors. The price has experienced a notable decline, fueling questions about the forces that could trigger a potential rebound. -
EU carbon permit prices declined at the end of February, influenced by market developments in gas and investor adjustments. Brussels' proposal concerning the CBAM has so far had little impact on market prices.
EU carbon permit prices declined at the end of February, influenced by market developments in gas and investor adjustments. Brussels' proposal concerning the CBAM has so far had little impact on market prices.
Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the development of carbon storage and energy production projects in the United States, aimed at supporting the growing needs of data centres and industrial emitters.
Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the development of carbon storage and energy production projects in the United States, aimed at supporting the growing needs of data centres and industrial emitters.
Perenco and its partners launch the first UK test for CO₂ injection into a depleted gas reservoir in the North Sea. This experimental phase aims to provide crucial data for the long-term geological storage of CO₂. ##
Perenco and its partners launch the first UK test for CO₂ injection into a depleted gas reservoir in the North Sea. This experimental phase aims to provide crucial data for the long-term geological storage of CO₂. ##
Captura, in collaboration with Equinor, has commissioned a new pilot facility in Kona, Hawaii, capable of capturing 1,000 tons of CO₂ per year. This milestone marks a key step toward the large-scale deployment of Direct Ocean Capture (DOC) technology.
Lydian takes a strategic step forward by demonstrating a technology that uses captured CO2 and renewable electricity to produce sustainable aviation fuel, addressing both civil market demands and critical military needs.
Lydian takes a strategic step forward by demonstrating a technology that uses captured CO2 and renewable electricity to produce sustainable aviation fuel, addressing both civil market demands and critical military needs.
A study published in Scientific Reports reveals new allometric equations dedicated to Colophospermum mopane. These models aim to better manage biomass and encourage decarbonization practices for economic players in the forestry sector.
A study published in Scientific Reports reveals new allometric equations dedicated to Colophospermum mopane. These models aim to better manage biomass and encourage decarbonization practices for economic players in the forestry sector.
Carbon dioxide removal strategies are expanding in India with new initiatives and a potential rise in demand in 2025. This article explores the major factors driving this trend and the technological perspectives.
Carbon dioxide removal strategies are expanding in India with new initiatives and a potential rise in demand in 2025. This article explores the major factors driving this trend and the technological perspectives.
A Norwegian shipowner has equipped an ethylene carrier with an onboard CO2 capture and storage system. The initiative could reduce its greenhouse gas emissions by 70%.
Gigablue and SkiesFifty collaborate to capture 200,000 tons of CO₂ through innovative marine solutions, strengthening aviation's net-zero ambitions.
Gigablue and SkiesFifty collaborate to capture 200,000 tons of CO₂ through innovative marine solutions, strengthening aviation's net-zero ambitions.
The Gulf Coast of the United States is developing carbon capture projects to decarbonize its heavy industries, but regulatory and financial challenges are slowing implementation.
The Gulf Coast of the United States is developing carbon capture projects to decarbonize its heavy industries, but regulatory and financial challenges are slowing implementation.
Chevron and its partners, Shell and Mobil, are exploring the geological storage of CO₂ off the coast of Australia, a key project for emissions management in the Carnarvon Basin.
Chevron and its partners, Shell and Mobil, are exploring the geological storage of CO₂ off the coast of Australia, a key project for emissions management in the Carnarvon Basin.
In 2025, China plans to expand its carbon market by integrating steel, cement, and aluminum sectors while introducing new methodologies for carbon credits. A strategic overhaul will also aim to better address international requirements.
Technip Energies, in partnership with GE Vernova and Balfour Beatty, is building the UK’s first gas-fired plant equipped with a carbon capture system, marking a significant step in reducing industrial emissions.
Technip Energies, in partnership with GE Vernova and Balfour Beatty, is building the UK’s first gas-fired plant equipped with a carbon capture system, marking a significant step in reducing industrial emissions.
Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.

Advertising