Carbon Credit Market
InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global Carbon Credit Market Size, Share & Trends Analysis Report By Type (Voluntary Market, Compliance Market), Type of Project (Avoidance/Reduction Projects, Removal/Sequestration Projects (Nature-based, Technology-based)), Application (Aviation, , Energy, Building, Power, Industrial, Transportation)- Market Outlook And Industry Analysis 2034”
According to the latest research by InsightAce Analytic, the global carbon credit market size is valued at USD 531.2 Billion in 2024, and it is expected to reach USD 7126.6 Billion by the year 2034, recording a promising CAGR of 29.8% during the forecast period of 2025-2034.
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A carbon offset represents a verifiable reduction in CO2 emissions, leading to the creation of a carbon credit. The key difference lies in the fact that a carbon credit is earned through a defined project, which includes clear boundaries, ownership, documented project details, and a verified monitoring plan.
Typically, carbon offsets result in emission reductions that occur outside of the organization’s operations and, more importantly, outside the scope of any regulatory requirements. In certain regions, such as the European Union and California, companies are obligated by environmental cap-and-trade systems to offset their carbon emissions.
The cap-and-trade framework allows the market to identify the most cost-effective approaches for reducing emissions while encouraging technological innovation and fostering economic growth.
Additionally, international non-governmental organizations are increasingly investing in the carbon credit market to support and promote scalable climate and environmental initiatives. A notable example is the World Bank, which established the Climate Change Fund Management Unit in 2019. The initiative aims to create new financial instruments to facilitate climate-resilient development, promote low-carbon solutions, and scale up global climate action.
Some of the prominent players in the Carbon Credit market are:
• 3 Degrees
• AltaGas
• Bluesource Llc
• Carbon Care Asia Limited
• Carbon Credit Capital
• Carbonbetter
• Carbonfund
• Clearsky Climate Solutions
• Climate Impact Partners
• Climate Trade
• Climatepartner Gmbh
• Climeco LLC
• Climetrek Ltd.
• Cool Effect, Inc.
• Degrees Group Inc.
• EcoAct
• Eki Energy Services Ltd.
• Enking International
• Finite Carbon
• Forest Carbon
• Green Mountain Energy
• Moss Earth
• Native Energy
• Natureoffice Gmbh
• South Pole Group
• Sterling Planet, Inc.
• Sustainable Travel International
• Tasman Environmental Markets
• Terrapass
• WGL Holdings, Inc.
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Market Dynamics:
Drivers:
The global carbon credit market is projected to experience substantial growth during the forecast period, driven by increased investments in the carbon credit sector. Currently, the market primarily caters to businesses directly engaged with carbon emissions and regulatory frameworks. However, the expanding global carbon credit market is expected to attract investments from a diverse range of financial institutions, including venture capitalists, banks, and other funding sources.
Challenges:
The urgent need to limit global warming to below 2 degrees Celsius is driving the implementation of stricter emission regulations and reducing the availability of emission permits, which is likely to increase carbon credit prices in the coming years. Additionally, the participation of major global corporations, financial institutions, speculative traders, and investors has contributed to the growth of global carbon credit trading. In order to achieve global net-zero targets, businesses must minimize their emissions as much as possible. However, for some companies, reducing emissions with current technologies remains prohibitively expensive, despite the expectation that costs will decrease over time.
Regional Trends:
The Asia Pacific carbon offset and carbon credit market is expected to capture a significant share of the market revenue and is projected to grow at a high CAGR in the near future. The region is poised for rapid development, with the establishment of a new, regulated carbon credit market providing India with the opportunity to experiment with this evolving market. This presents significant opportunities for Indian organizations involved in knowledge creation and consulting services for global clients, allowing them to contribute to the development and implementation of carbon markets worldwide. These markets could even become decentralized to meet the specific needs of diverse economies.
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Additionally, the industrial expansion in the Europe region has been substantial, which has resulted in rising demand for carbon credit trading systems. Investments in clean power generation, electrification, and the replacement of aging infrastructure are driving regional market expansion.
Leading manufacturers of this field focus on offering high quality and customizable services to the clients. Also, partnerships, collaborations, mergers, and acquisitions are helping market players to boost their businesses.
Key developments in the market:
• In Jan 2023, ClimeCo announced the purchase of 3GreenTree Ecosystem Service Ltd. (3GreenTree) in order to improve the sustainable management of nature and provide environmental, social, and economic advantages. Resilient systems depend on locally produced and market-based solutions, according to ClimeCo, a worldwide sustainability consultancy with a symphony of industrial and nature-based carbon solutions that satisfy the different objectives of their customers’ climate programmes.
• In November 2022, 3Degrees collaborated with Merge Electric Fleet Solutions to give existing and new fleet customers actionable analysis and decades of knowledge. Merger’s charging will be monetized in the fuel states (CA, OR, WA), and all EV charging will be offset with RECs.
Market Segments
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2023 to 2031 based on Type
• Voluntary Market
o Forestry and Land Use
o Renewable Energy
o Chemical Processes/Industrial Manufacturing
o Energy Efficiency/Fuel Switching
• Compliance Market
o EU ETS
o California CAP and Trade
o Others
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2023 to 2031 based on Type of Project
• Avoidance/Reduction Projects
• Removal/Sequestration Projects
o Nature-Based
o Technology-Based
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2023 to 2031 based on Application
• Aviation
• Building
• Energy
• Industrial
• Power
• Transportation
• Others
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• U.S.
• Canada
Europe Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• GCC Countries
• South Africa
• Rest of Middle East & Africa
View Overview Report: https://www.insightaceanalytic.com/report/carbon-credit-market/1742
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
