Growing Demand For Clean Energy Propels Growth Of Market Due To Increasing Investment In Renewable Energy And Emission Offsetting Emerges as a Core Driver of the Voluntary Carbon Credit Market in 2025

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What Is the Expected CAGR for the Voluntary Carbon Credit Market Through 2025?
The size of the voluntary carbon credit market has seen tremendous growth in recent times. This growth is expected to rise from $1.55 billion in 2024 to $1.88 billion in 2025, with a compound annual growth rate (CAGR) of 21.4%. The growth during the historical period can be credited to initiatives related to corporate social responsibility, preliminary regulatory guidelines, global climate accords, investor insistence on sustainability, and carbon price models.

What's the Projected Size of the Global Voluntary Carbon Credit Market by 2029?
The market for voluntary carbon credits is projected to witness a remarkable increase in the coming years, escalating to a value of $4.08 billion by 2029, with a compound annual growth rate (CAGR) of 21.3%. The predicted expansion during this forecast period is largely due to stricter carbon neutrality aims, compulsory climate declaration regulations, burgeoning consumer preference for environmentally friendly products, rising corporate declarations of net-zero emissions, and the inclusion of carbon credits in investment portfolios. Noteworthy trends for this forecast period will be the integration of carbon credits into supply chains, enhanced involvement of emerging economies, preferential pricing for superior quality carbon credits, collaborations with native communities, and automated tools for the verification of carbon offsets.

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Top Growth Drivers in the Voluntary Carbon Credit Industry: What's Accelerating the Market?
The acceleration in the adoption of clean energy is predicted to drive the expansion of the voluntary carbon credit market in the future. Clean energy refers to power generated from sources that have minimal environmental effects and emit virtually zero greenhouse gases. The push for this form of energy comes from the need for environmental preservation, public health enhancement, energy autonomy, and incentives from regulations and policies. The escalating demand for clean energy results in greater investment in renewable resources, which creates carbon credits by reducing emissions. These credits are used by companies to balance their carbon footprint, fortifying the carbon market, and fostering the development of green energy. For example, the American Clean Power Association, a US-based entity, disclosed in their Clean Power Annual Market Report in March 2024, that the clean energy sector had established 33.8 gigawatts (GW) of new utility-scale clean energy projects in 2022. This constituted a growth of 12.5% compared to the previous record set in 2021. Thus, the increasing need for clean energy is propelling the expansion of the voluntary carbon credit market.

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What Trends Will Shape the Voluntary Carbon Credit Market Through 2029 and Beyond?
Major firms engaged in the voluntary carbon credit market are emphasizing the creation of innovative solutions such as digital carbon credit sourcing. This technique enhances carbon credit accessibility, aiding businesses in their quest towards sustainability and reduced emissions. Digital carbon credit sourcing, which relies on online platforms and technologies to identify, purchase, and trade carbon credits, smoothes the path to accredited carbon offset endeavors. For example, ERM International Group Limited, a UK-based sustainability consultancy, initiated the ERM Carbon Credit Portal in September 2024 to improve client participation in the voluntary carbon market. The objective of this initiative is to make the process of choosing and buying carbon credits more straightforward, which effectively augments organizations' strategies to reduce greenhouse gas emissions. The portal includes pre-examined projects enabling users to assess the climatic advantages and associated perils, thus improving transparency and confidence in the process of procuring carbon credits. This introduction is part of a wider ERM strategy to aid corporate decarbonization endeavors.

What Are the Main Segments in the Voluntary Carbon Credit Market?
The voluntary carbon creditmarket covered in this report is segmented -

1) By Type: Forestry, Renewable Energy, Waste Disposal, Other Types
2) By Project Type: Removal Or Sequestration Projects, Avoidance Or Reduction Projects
3) By Application: Industrial, Household Devices, Energy, Agriculture, Other Applications
4) By End Use: Government Agencies, Non-Governmental Organizations (NGOs), Private Companies, Individuals

Subsegments:
1) By Forestry: Afforestation, Reforestation, Avoided Deforestation, Forest Management
2) By Renewable Energy: Wind Energy Projects, Solar Energy Projects, Hydropower Projects, Biomass Energy Projects, Geothermal Energy Projects
3) By Waste Disposal: Methane Capture From Landfills, Waste-To-Energy Projects, Composting Projects, Recycling And Circular Economy Initiatives
4) By Other Types: Blue Coastal and Marine Ecosystem Restoration (Carbon), Soil Carbon Sequestration, Carbon Capture and Storage (CCS), Biochar Projects

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Which Top Companies are Driving Growth in the Voluntary Carbon Credit Market?
Major companies operating in the voluntary carbon credit market are Ambipar Group, Rubicon Carbon, South Pole, EKI Energy Services Ltd., The Carbon Trust, 3Degrees, Climate Impact Partners, Allcot Group, Green Mountain Energy, First Climate, ClimeCo LLC, Aera Group, Forliance, ComBio Energia, BioCarbon Partners, CarbonBetter, Atmosfair, NativeEnergy, NatureOffice GmbH, Carbon Credit Capital LLC, Finite Carbon, GreenTrees LLC, Puro.earth, Tasman Environmental Markets, TerraPass, CarbonClear, BURN

Which Regions Will Dominate the Voluntary Carbon Credit Market Through 2029?
North America was the largest region in the voluntary carbon credit market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the voluntary carbon credit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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