Carbon Credit Market Size Share and Competitive Landscape Featuring ClimeCo and 3Degrees

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 it is expected to reach USD 7126.6 Billion by the year 2034, recording a promising CAGR of 29.8% during the forecast period of 2025-2034.

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A carbon offset represents a measurable and verified reduction in carbon dioxide emissions, resulting in the issuance of a corresponding carbon credit. The distinction lies in the fact that a carbon credit is generated through a defined project that complies with established standards, maintains documented ownership, and undergoes rigorous monitoring and verification procedures.

Carbon offsets generally involve emission reductions that occur beyond an organization's direct operations and outside existing regulatory obligations. In jurisdictions such as the European Union and the state of California, companies are required under cap-and-trade systems to offset a portion of their carbon emissions. These market-based mechanisms promote the identification of cost-effective strategies for emissions reduction while fostering technological innovation and supporting broader economic development.

Furthermore, international non-governmental organizations are increasingly active in the carbon credit market by funding scalable environmental and climate initiatives. A prominent example is the World Bank's Climate Change Fund Management Unit, established in 2019, which develops innovative financial instruments aimed at advancing low-carbon technologies, supporting climate-resilient development, and enhancing the effectiveness of global 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.

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Market Dynamics
Drivers:
The global carbon credit market is projected to register significant growth over the forecast period, primarily driven by increasing investment activity across the sector. While the market currently caters to organizations subject to carbon emissions regulations, its continued expansion is expected to attract a broader spectrum of financial participants. This includes institutional investors such as banks, venture capital firms, and alternative financing entities seeking to capitalize on emerging opportunities within the carbon credit ecosystem.

Challenges:
Efforts to limit global temperature increases to below 2°C are prompting the introduction of stricter emissions regulations, which, coupled with a reduction in the availability of emission allowances, is expected to exert upward pressure on carbon credit prices. Furthermore, increased participation by multinational corporations, institutional investors, and speculative traders has intensified market activity. Although achieving net-zero emissions remains a strategic priority for many organizations, the high upfront costs of emission reduction technologies present financial constraints in the short term, despite anticipated long-term cost efficiencies.

Regional Trends:
The Asia-Pacific region is expected to secure a substantial share of the global carbon credit and offset market, with strong growth anticipated in the coming years. Expansion in the region is supported by regulatory developments, including the establishment of a formal carbon credit trading system in India, which provides opportunities for domestic firms specializing in consultancy and knowledge-based services to contribute to global carbon market infrastructure. Additionally, ongoing efforts to decentralize carbon markets to better accommodate the diverse economic conditions of participating countries are expected to further support regional growth.

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.

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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.

Market Segments
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2023 to 2031 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, 2023 to 2031 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, 2023 to 2031 based on Application
• Aviation
• Building
• Energy
• Industrial
• Power
• Transportation
• Others
Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• U.S.
• Canada
Europe Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Carbon Credit market revenue (US$ Million) by Country, 2023 to 2031
• GCC Countries
• South Africa
• Rest of Middle East & Africa

View Overview Report: https://www.insightaceanalytic.com/report/carbon-credit-market/1742

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.