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 is predicted to reach USD 7126.6 Billion by the year 2034 at a 29.8% CAGR during the forecast period for 2025-2034.
A carbon offset represents a verified reduction in carbon dioxide (CO2) emissions from the atmosphere, often leading to the creation of a carbon credit. While both terms are closely related, a carbon credit specifically arises from a formally defined project that includes clear boundaries, ownership documentation, project methodology, and an established verification process.
Typically, carbon offsets result in emission reductions beyond the operations of a specific organization, and often occur independently of any regulatory obligation. In regions such as the European Union and California, organizations are subject to environmental cap-and-trade systems, which require them to manage and mitigate their carbon footprints.
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In addition, international non-profit organizations are investing in the carbon credit market to support and promote scalable climate and environmental measures. For example, the World Bank, an international financial organization, established the Climate Change Fund Management Unit in 2019 intending to develop new financial instruments for climate-resilient development, low-carbon, and scale-up 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.
Market Dynamics:
Drivers:
Due to increased investment in the carbon credit industry, the global carbon credit market is predicted to rise significantly during the forecast period. Currently, the carbon credit market is only available to businesses dealing with carbon emissions and laws. The rapidly expanding global carbon credit market, on the other hand, is likely to attract funding from a variety of financial institutions, including venture capitalists, banks, and others.
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Challenges:
The pressing need to keep global warming below 2 degrees Celsius is driving stricter emission limitations and reduced supply permits, which will promote carbon credit prices in the future years. Furthermore, engagement by giant global corporations, financial institutions, speculative traders, and investors has fueled worldwide carbon credit trades. To attain the global net-zero aim, businesses must reduce their own emissions as much as possible. However, to some companies, reducing emissions with today’s technologies is too expensive, even though the costs of those technologies may fall over time.
Regional Trends:
Asia Pacific carbon offset/carbon credit market is expected to register a major market share in terms of revenue and is projected to rise at a high CAGR in the near future. Asia Pacific is predicted to develop at a rapid pace. The formation of a new and regulated carbon credits market also allows India to experiment with it while the concept is still in its infancy on a global scale. It creates tremendous opportunities for Indian organizations involved in creating knowledge and providing consulting services to global clients to learn and assist in creating and implementing such carbon markets globally, which could even be decentralized to meet the specific needs of diverse economies.
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.
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Market Segments
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2025 to 2034 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, 2025 to 2034 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, 2025 to 2034 based on Application
• Aviation
• Building
• Energy
• Industrial
• Power
• Transportation
• Others
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2025 to 2034 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Carbon Credit market revenue (US$ Million) by Country, 2025 to 2034
• U.S.
• Canada
Europe Carbon Credit market revenue (US$ Million) by Country, 2025 to 2034
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Carbon Credit market revenue (US$ Million) by Country, 2025 to 2034
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Carbon Credit market revenue (US$ Million) by Country, 2025 to 2034
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Carbon Credit market revenue (US$ Million) by Country, 2025 to 2034
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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