Press release
Renewable Energy Certificate Market Is Estimated To Surge Ahead At A Cagr Of 24.55% From 2025 To 2034
Renewable Energy Certificate Market
According to industry experts at CMI, the property rights to the environmental, social, and other non-power characteristics of renewable electricity generation are represented by a Renewable Energy Certificate (REC), sometimes called a Green Certificate or Renewable Energy Credit.
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➤ Market Size
• In 2024, the global Renewable Energy Certificate (REC) market was valued at approximately USD 17.23 billion.
• It is projected to grow to about USD 21.29 billion in 2025.
• By 2034, the market is expected to reach around USD 154.76 billion.
• The growth over 2025-2034 corresponds to a compound annual growth rate (CAGR) of approximately 24.55%.
➤ Market Overview
• A Renewable Energy Certificate (REC) is a tradable instrument that certifies ownership of the environmental attributes of 1 MWh of electricity generated from renewable energy sources such as solar, wind, hydro, and biomass.
• RECs separate the "green attributes" from physical electricity, enabling utilities, businesses, and individuals to claim renewable energy use without directly consuming it.
• The market spans multiple segments: energy source, capacity, end-use (compliance or voluntary), and geography.
• Expanding renewable generation globally increases REC supply and facilitates broader participation and trading.
➤ Key Market Growth Drivers
• Expansion of Renewable Energy Installations: More solar, wind, hydro, and biomass plants increase REC generation.
• Increasing Demand from Voluntary Buyers: Corporates, institutions, and individuals purchase RECs to meet sustainability goals and net-zero commitments.
• Regulatory and Compliance Requirements: Mandated renewable energy targets create stable demand for RECs.
• Growing Environmental Awareness & ESG Trends: Climate change concerns and corporate responsibility drive demand.
• Technological Advancements in Tracking & Certification: Improved metering, tracking technologies, and standardized certification enhance reliability and scalability.
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➤ Analysis of Key Players - Key Player Strategies
• Key participants include regulatory bodies, tracking agencies, utilities, and specialized REC issuance and trading organizations.
• Strategies include:
• Facilitating Market Access: Platforms for issuance, tracking, and trading of RECs.
• Promoting Voluntary REC Programs: Engaging corporates and individuals to expand adoption.
• Partnerships and Collaborations: Streamlining green-power procurement and transparent certification.
• Focus on Diverse Renewable Sources: Offering RECs from solar, wind, hydro, and biomass.
➤ Market Challenges & Opportunities
Challenges
• Lack of standardization across regions hinders global trading.
• Regulatory variability complicates participation and planning.
• Dependence on renewable generation output can create supply volatility.
• Limited awareness in developing regions may restrict growth.
Opportunities
• Voluntary corporate sustainability and net-zero commitments increase demand.
• Expansion in emerging markets with growing renewable capacity.
• Technological innovations in digital tracking and blockchain increase transparency and efficiency.
• Inclusion of diverse energy sources broadens options for buyers.
➤ Recent Developments
• Collaboration in Thailand to offer a renewable energy certification platform supporting corporate decarbonization.
• Educational institutions introducing certification programs to enhance awareness and expertise in REC markets.
• Energy providers launching REC-service offerings in partnership with media and industry players to expand adoption.
➤ Investment Landscape and ROI Outlook
• Growth from USD 21.29 billion in 2025 to USD 154.76 billion by 2034 offers significant long-term ROI potential.
• Investment in renewable generation, certificate registration systems, and trading platforms can yield high returns.
• Corporates with ESG goals find RECs cost-effective for green energy claims.
• Emerging markets and regions with renewable expansion provide high-growth opportunities.
• Advancements in digital tracking and transparent certificate systems reduce transaction costs and increase accessibility.
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➤ Market Segmentations
By Energy Type
• Solar Energy - leading contributor due to large-scale deployment.
• Wind Power - rapidly growing with expanding wind farms.
• Hydro, Biomass, and Other Renewables - regional variability offers diversity.
By End‐Use / Demand Type
• Compliance REC Market - for regulatory mandates and renewable portfolio standards.
• Voluntary REC Market - purchased voluntarily for sustainability or carbon-neutrality goals.
By Capacity / Certificate Volume
• Small-scale generation - includes small solar/wind installations.
• Utility-scale generation - large solar, wind, hydro, or biomass plants for bulk trading.
By Region
• North America - largest market due to mature regulations and corporate demand.
• Europe - fastest-growing due to clean energy policies and ESG commitments.
• Asia-Pacific, Latin America, Middle East & Africa - emerging regions with growing potential.
➤ Why Buy This Report?
• Detailed market forecast up to 2034 for strategic planning.
• Comprehensive segmentation analyses by energy type, end-use, capacity, and region.
• Competitive landscape and key player strategies for benchmarking and market entry.
• Insights into drivers, growth dynamics, challenges, and obstacles.
• Valuable for renewable energy producers, certificate trading platforms, corporates, investors, and policymakers.
➤ FAQs
Q. What is a Renewable Energy Certificate (REC)?
• A tradable certificate representing the environmental attributes of 1 MWh of renewable electricity, enabling buyers to claim renewable energy use without consuming the physical electricity.
Q. Why are RECs important?
• They monetize renewable energy's "green value," help utilities meet mandates, and enable corporate sustainability.
Q. Which energy sources contribute most to RECs?
• Solar leads, followed by wind, with hydro, biomass, and other renewables contributing regionally.
Q. Difference between compliance and voluntary RECs?
• Compliance RECs fulfill regulatory requirements, while voluntary RECs are purchased for sustainability and carbon-neutral commitments.
Q. Which regions lead and which are fastest-growing?
• North America leads currently; Europe is fastest-growing. Asia-Pacific, Latin America, and Middle East & Africa have emerging potential.
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Global Aeroderivative Gas Turbine Market 2025 - 2034
https://www.custommarketinsights.com/report/aeroderivative-gas-turbine-market/
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Global Hydrogen Gas Turbine Market 2025 - 2034
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Global Green Phase Transformer Market 2025 - 2034
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➤ Conclusion
The Renewable Energy Certificate market is poised for rapid expansion, growing from USD 21.29 billion in 2025 to USD 154.76 billion by 2034 at a CAGR of 24.55%. As global renewable capacity increases, RECs provide a vital mechanism to monetize environmental attributes, support regulatory compliance, and enable corporate sustainability goals. Growth is driven by voluntary and compliance demand, technological innovations in tracking, and increasing ESG commitments. Despite challenges of regional standardization and generation variability, emerging markets and digital platforms present strong opportunities. Investors, energy producers, and corporations can leverage RECs to achieve both financial returns and environmental impact.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.
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