Market Size And Forecast: Climate Change Consulting 2022-2028 (Global)

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Executive Summary

This report presents the inaugural Verdantix Market Size and Forecast for climate change consulting services. It affords service providers and investors an overview of the market, including regional and industry breakdowns, and identifies the main trends and drivers that will shape the market to 2028. The Verdantix model incorporates analysis of macroeconomic drivers, disclosed and estimated revenue data from consulting providers, and insights from survey data and interviews. The climate change consulting market consists of solutions across four segments: climate resilience strategy and implementation, net zero carbon strategy and implementation, data management and disclosures, and asset level decarbonization. Verdantix values the market at $7.4 billion as of the end of 2022, and forecasts the market to grow at a CAGR of 29%, reaching $34.8 billion by 2028.

Table of contents

Rising cost of climate risks and regulations drives spending on consulting services over the next five years
Market size data reflect the revenues of climate change consulting providers across four service lines
The climate change consulting services market was worth more than $7.4 billion in 2022
Climate-related regulations and shortage of climate talent accelerate demand for consulting services
Increased occurrence of material climate risks is a wake-up call to the C-Suite
The climate change consulting services market will be worth more than $34 billion in 2028

Table of figures

Figure 1. Climate change consulting service lines and definitions 
Figure 2. Verdantix market size and forecast methodology
Figure 3. Regional breakdown
Figure 4. Scope of this climate change consulting market size and forecast
Figure 5. 2022 climate change consulting services spend by region ($ millions)
Figure 6. Industry breakdown 
Figure 7. 2022 climate change consulting services spend by industry ($ millions)
Figure 8. 2022 climate change consulting services spend by service line ($ millions)
Figure 9. Impact of hiring challenges on climate change consulting services spend
Figure 10. Climate change consulting forecast by region 2022-2028
Figure 11. Climate change consulting forecast by industry 2022-2028
Figure 12. Climate change consulting forecast by service line 2022-2028

About the authors

Katelyn Johnson

Senior Manager, Risk Management
Katelyn is the Senior Manager in the Verdantix Risk Management practice. Her current research agenda focuses on climate risk and its integration into risk management frameworks. Prior to joining Verdantix, Katelyn was a climate scientist at GNS Science in New Zealand. She has previously held roles in the energy industry, where she helped projects manage risk due to weather and ocean phenomena. Katelyn holds a PhD in Geology from Victoria University of Wellington and an MS in Earth Sciences from Ohio State University – both focusing on climate science – as well as a BS in Meteorology from Texas A&M University.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zero strategies, carbon management, climate risk and technology. Prior to joining Verdantix, Ryan was a principal analyst at Forrester Research, where he initiated the research into ESG data and analytics offerings. He also has extensive experience of helping software companies with their messaging, positioning, market and technology strategies. Ryan studied at Duke University, the University of Manchester and the University of Oslo, and speaks Norwegian fluently.

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