Growing Imperative To Curb Global Carbon Emissions Fuels Carbon Credit Market Growth: A Key Driver Powering Carbon Credit Market Growth In 2025

The Carbon Credit Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Carbon Credit Market Size and Its Estimated Growth Rate?
The size of the carbon credit market has seen significant expansion in the last few years. There will be a substantial increase from $526.32 billion in 2024 to $694.62 billion in 2025, with a compound annual growth rate (CAGR) of 32.0%. The acceleration witnessed in the historic period is due to international climatic accords, renewable energy initiatives under corporate social responsibility (CSR), efforts towards forest conservation and reforestation, and projects focusing on emission reduction.

The size of the carbon credit market is projected to experience substantial growth in the coming years, escalating to $1891.27 billion in 2029 with a compound annual growth rate (CAGR) of 28.5%. Factors contributing to this expansion during the forecast period include investments in climate finance, the enlargement of cap-and-trade systems, initiatives for global carbon pricing, and reduction of supply chain emissions. Some of the predominant trends for this period involve carbon credit offset schemes, investment influx into carbon market projects, alignment with corporate strategies, the use of blockchain technology for enhanced transparency, and the implementation of nature-based solutions.

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How Are Emerging Segments Shaping the Carbon Credit Market Landscape?
The carbon credit market covered in this report is segmented -

1) By Type: Compliance, Voluntary
2) By Project Type: Avoidance Or Reduction Projects, Removal Or Sequestration Projects
3) By End-Use: Power, Energy, Aviation, Transportation, Buildings, Industrial, Other End-Uses

Subsegments:
1) By Compliance: Regulated Carbon markets, Cap-And-Trade Programs
2) By Voluntary: Voluntary Carbon markets, Project-Based Offsets

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Which Growth Factors Are Influencing Carbon Credit Market Expansion?
The necessity to decrease worldwide carbon emissions is anticipated to provide momentum to the carbon credit market's expansion. Carbon emission is the release of gases like carbon dioxide into the atmosphere, causing global warming by trapping the sun's heat. Monetary rewards that come with carbon credits encourage businesses to reduce their carbon emissions, which not just clear up the atmosphere but also offer a comprehensive blueprint for mitigating emissions. In addition, these credits contribute to economic growth by focusing on sustainable ventures. According to a report released by the United Nations Framework Convention on Climate Change in October 2022, carbon dioxide emissions need to be slashed by 45% by 2030. It was also suggested that to maintain the global temperature within 1.5 degrees Celsius by the close of this century, emissions must be brought down by nearly ten times to within 1 to 2 billion tons each year. Therefore, the urgent need to diminish carbon emissions worldwide is projected to accelerate the carbon credit market's expansion. The next driver is the growth in transport pollution, which is predicted to push the upswing of the carbon credit market. Transport pollution, or the release of harmful substances into the environment owing to transit activities, can be offset with carbon credits. These credits can be utilized to fund sustainable practices and innovative technologies geared towards enhancing the efficiency of freight transport. The Environmental Protection Agency (EPA) reported in August 2023 that transport was responsible for the highest percentage (29%) of total US greenhouse gas emissions in 2021. Moreover, the Congressional Budget Office confirmed in December 2022 that transportation was the primary contributor to greenhouse gas emissions in the US, with CO2 emissions amounting to roughly 97% of the overall potential of global warming from all transportation sector emissions. Hence, the escalating transport pollution is fueling the expansion of the carbon credit market.

Who Are the Dominant Players Across Different Carbon Credit Market Segments?
Major companies operating in the carbon credit market report are NRG Energy Inc., Atos SE, WGL Holdings Inc., Sterling Planet Inc., AltaGas Ltd., EKI Energy Services Limited, Aker Carbon Capture AS, South Pole Group AG, Base Carbon Inc., ClimatePartner Gmbh, Bluesource LLC, 3 Degrees Inc., Carbon Care Asia Limited, Sustainable Travel International Inc., Cool Effect Inc., NativeEnergy Inc., Carbonbetter Inc., ClimeCo Corporation, Tasman Environmental Markets Pty Ltd., Carbon Credit Capital LLC, Carbonfund.org Foundation Inc., Clearsky Climate Solutions LLC, Climate Impact Partners LLC, ClimateTrade Inc., Climetrek Ltd., Finite Carbon Corporation, Forest Carbon Ltd., Moss Earth LLC, NatureOffice Gmbh, Terrapass Inc.

What Carbon Credit Market Trends Are Gaining Traction Across Different Segments?
Leading firms engaging in the carbon credit market prioritize the creation of groundbreaking solutions, such as ones grounded in blockchain technology, in order to offer trustworthy services to their clients. A solution based on blockchain is a system that utilizes such technology to overcome a distinct issue or enhance an existing procedure. For example, Ernst & Young Global Limited, which is headquartered in the UK and provides professional services, unveiled the EY OpsChain ESG in May 2023. This innovative solution is designed for tracking emissions and carbon credits via tokenization and is built on the Ethereum blockchain, presenting a verifiable record of CO2 emissions for companies grappling to precisely calculate and monitor their carbon emissions. It promotes transparency among consumers, businesses, and regulators, thereby supporting more knowledgeable decisions related to environment, social, and corporate governance (ESG). The EY OpsChain ESG adheres to the InterWork Alliance for Carbon Emissions Tokens standards and allows businesses to validate the genuineness of carbon offsets used to mitigate environmental harm. The creation of EY OpsChain ESG is driven by the conviction that blockchains can serve as a unifying tool, linking corporate activities and global ecosystems beyond organizational frontiers.

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Which Geographic Regions Are Expected to Dominate the Carbon Credit Market in the Coming Years?
North America was the largest region in the carbon credit market in 2024. The regions covered in the carbon credit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Carbon Credit Market?
2. What is the CAGR expected in the Carbon Credit Market?
3. What Are the Key Innovations Transforming the Carbon Credit Industry?
4. Which Region Is Leading the Carbon Credit Market?

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