According to the Foreclaro Global Research, the
Global
Carbon Credit Market size was valued at USD 498.1
billion in 2024. The
report “Global Carbon Credit Market Segmentation By Type
(Voluntary Carbon Credits, Compliance Carbon Credits), By Project Type
(Avoidance/Reduction Projects {Renewable Energy, Energy Efficiency, Methane
Capture, Industrial Gas Capture}, Removal/Sequestration Projects
{Afforestation/Reforestation, Soil Carbon Sequestration, Biochar, Direct Air
Capture, Blue Carbon (Coastal Ecosystems)}), By End User (Corporates {Oil &
Gas, Manufacturing, Technology, Retail & Consumer Goods}, Governments &
Municipalities, Financial Institutions, Individuals, Aviation)- Industry Trends and Forecast to
2033” gives a
detailed insight into current market dynamics and provides analysis on future
market growth.
The global carbon credit market is witnessing
rapid expansion as governments, corporations, and investors intensify efforts
to achieve carbon neutrality and meet climate goals. Carbon credits, which
represent verified reductions or removals of greenhouse gas emissions, have
become a key mechanism for offsetting unavoidable emissions and supporting
sustainable development projects. The market is driven by regulatory compliance
systems such as the EU ETS and emerging voluntary carbon markets (VCMs) that enable
private sector participation. Increasing investments in renewable energy,
afforestation, and carbon capture technologies are enhancing market depth and
diversity. Additionally, digital monitoring and blockchain-based platforms are
improving transparency and traceability in credit trading. However, the market
faces challenges like inconsistent global standards, price volatility, and
quality verification issues. Despite these barriers, strong corporate ESG
commitments and government-backed carbon trading initiatives are positioning
the carbon credit market as a cornerstone of the global transition toward a
low-carbon economy.
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Global Carbon
Credit Market Report Highlights
· The
global carbon credit market is experiencing significant growth, driven by the
rising adoption of carbon offsetting mechanisms to meet corporate net-zero and
governmental emission reduction targets.
· Voluntary
carbon credits (VCCs) are gaining strong traction as corporations increasingly
invest in sustainability projects beyond regulatory mandates.
· The
compliance carbon credit segment continues to dominate, supported by stringent
emission regulations and the expansion of carbon trading schemes such as the EU
ETS, CORSIA, and China’s ETS.
· Renewable
energy, afforestation, and carbon capture projects remain major sources of
credit generation, with growing innovation in biochar and blue carbon
initiatives.
· North
America and Europe lead the market due to robust regulatory frameworks, while
Asia-Pacific is emerging as a key hub for renewable and reforestation projects.
· Technological
advancements, such as blockchain-based verification and digital MRV
(Monitoring, Reporting, and Verification) systems, are enhancing transparency,
trust, and efficiency in carbon credit trading.
Foreclaro
Global Research has segmented the Carbon Credit Market report based on Type, Project
Type, End User and region:
Carbon
Credit Market, Type Outlook (Revenue - USD Million, 2020 - 2033)
Voluntary
Carbon Credits
Compliance
Carbon Credits
Carbon
Credit Market, Project Type Outlook (Revenue - USD Million, 2020 - 2033)
Avoidance/Reduction
Projects
·
Renewable
Energy
·
Energy
Efficiency
·
Methane
Capture
·
Industrial
Gas Capture
Removal/Sequestration
Projects
·
Afforestation/Reforestation
·
Soil
Carbon Sequestration
·
Biochar
·
Direct
Air Capture
·
Blue
Carbon (Coastal Ecosystems)
Carbon
Credit Market, End User Outlook (Revenue - USD Million, 2020 - 2033)
Corporates
·
Oil
& Gas
·
Manufacturing
·
Technology
·
Retail
& Consumer Goods
Governments
& Municipalities
Financial
Institutions
Individuals
Aviation
Carbon
Credit Market, Regional Outlook (Revenue - USD Million, 2020 - 2033)
North
America
·
United
States
·
Canada
·
Mexico
Europe
·
United
Kingdom
·
Germany
·
France
·
Spain
·
Italy
·
Rest
of Europe
Asia
Pacific
·
China
·
India
·
Japan
·
Australia
·
South
Korea
·
Rest
of Asia Pacific
Latin
America
·
Brazil
·
Argentina
·
Rest
of Latin America
Middle East
& Africa
·
Saudi
Arabia
·
South
Africa
·
Rest
of MEA
Global Carbon Credit Market Key Players
·
3Degrees Group, Inc.
·
Carbon Care Asia Ltd.
·
CarbonBetter
·
ClearSky Climate Solutions
·
EKI Energy Services Ltd.
·
Finite Carbon
·
NativeEnergy
·
South Pole Group
·
Torrent Power Ltd.
·
WGL Holdings Inc.