Carbon Credits Market: Global Outlook
Report Scope
The global carbon credit market determines the segments by type, end user, and regional market analysis. The market sizing has been provided in value ($ billions) and volume (gigatons). The report also covers competitive intelligence, which covers the ranking of prominent companies based on their product offerings in the carbon credit industry. The market estimations are based on the revenues generated by the carbon credit project developers. The report provides an ESG (environmental, social, and governance) analysis of the carbon credit industry and the recent activities of the companies on this front. It also provides details of market dynamics and emerging technologies and developments happening globally in the industry.
Report Includes
The global carbon credit market determines the segments by type, end user, and regional market analysis. The market sizing has been provided in value ($ billions) and volume (gigatons). The report also covers competitive intelligence, which covers the ranking of prominent companies based on their product offerings in the carbon credit industry. The market estimations are based on the revenues generated by the carbon credit project developers. The report provides an ESG (environmental, social, and governance) analysis of the carbon credit industry and the recent activities of the companies on this front. It also provides details of market dynamics and emerging technologies and developments happening globally in the industry.
Report Includes
- An outlook of the global markets for carbon credits and carbon offsets industry
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2027, and projected CAGRs through 2029
- Estimate of the current market size and revenue prospects of the global market, along with a market share analysis by type, end user and region
- Facts and figures pertaining to the market drivers and challenges, innovations, technologies, industry regulations, and the influence of macroeconomic factors
- Review of carbon pricing, a global value chain analysis and a SWOT analysis
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and venture funding outlook
- Profiles of the market leaders, including 3Degrees, EKI Energy Service Ltd., Native, Finite Carbon Corp., and Cool Effect Inc.
CHAPTER 1 EXECUTIVE SUMMARY
Market Outlook
Scope of Report
Market Summary
CHAPTER 2 MARKET OVERVIEW
Overview
Carbon Pricing
Kyoto Protocol
The Paris Agreement
European Green Deal
Value Chain Analysis
Overview
SWOT Analysis
CHAPTER 3 MARKET DYNAMICS
Market Dynamics Snapshot
Market Drivers
Regulatory Pressure to Reduce Carbon Emissions
Increasing Investments in Eco-Friendly Technologies
Market Restraints
Lack of Credibility in Voluntary Carbon Credit Projects
Market Challenges
Potential Risk of Environment Degradation
Market Opportunities
Growing Interest of Banks and Financial Institutions
Increasing Adoption of Low-Emission Fuels
Market Trends
Blockchain-based Carbon Credit Projects
Flow of Carbon Revenues to Regulators
Increasing Interest of Private Equity in Start-Ups
CHAPTER 4 MARKET SEGMENTATION ANALYSIS
Segmentation Breakdown
Market Analysis, by Type
Compliance Market
Voluntary Market
Market Analysis, by End User
Power
Energy
Transportation
Building and Construction
Other Industries
Geographic Breakdown
Market Analysis, by Region
Europe
Asia-Pacific
North America
Rest of the World (RoW)
CHAPTER 5 COMPETITIVE INTELLIGENCE
Overview
CHAPTER 6 SUSTAINABILITY IN THE CARBON CREDIT INDUSTRY: AN ESG PERSPECTIVE
ESG in the Carbon Credit Industry
Environmental Issues
Social Issues
Governance Issues
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC Research
CHAPTER 7 APPENDIX
Methodology
Information Sources
References
Abbreviations Used in the Report
Company Profiles
3DEGREES
CLIMATEPARTNER GMBH
CLIMATETRADE
COOL EFFECT INC.
EKI ENERGY SERVICES LTD.
FINITE CARBON CORP.
GREEN MOUNTAIN ENERGY CO.
NATIVE
TERRAPASS
WGL HOLDINGS INC.
Market Outlook
Scope of Report
Market Summary
CHAPTER 2 MARKET OVERVIEW
Overview
Carbon Pricing
Kyoto Protocol
The Paris Agreement
European Green Deal
Value Chain Analysis
Overview
SWOT Analysis
CHAPTER 3 MARKET DYNAMICS
Market Dynamics Snapshot
Market Drivers
Regulatory Pressure to Reduce Carbon Emissions
Increasing Investments in Eco-Friendly Technologies
Market Restraints
Lack of Credibility in Voluntary Carbon Credit Projects
Market Challenges
Potential Risk of Environment Degradation
Market Opportunities
Growing Interest of Banks and Financial Institutions
Increasing Adoption of Low-Emission Fuels
Market Trends
Blockchain-based Carbon Credit Projects
Flow of Carbon Revenues to Regulators
Increasing Interest of Private Equity in Start-Ups
CHAPTER 4 MARKET SEGMENTATION ANALYSIS
Segmentation Breakdown
Market Analysis, by Type
Compliance Market
Voluntary Market
Market Analysis, by End User
Power
Energy
Transportation
Building and Construction
Other Industries
Geographic Breakdown
Market Analysis, by Region
Europe
Asia-Pacific
North America
Rest of the World (RoW)
CHAPTER 5 COMPETITIVE INTELLIGENCE
Overview
CHAPTER 6 SUSTAINABILITY IN THE CARBON CREDIT INDUSTRY: AN ESG PERSPECTIVE
ESG in the Carbon Credit Industry
Environmental Issues
Social Issues
Governance Issues
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC Research
CHAPTER 7 APPENDIX
Methodology
Information Sources
References
Abbreviations Used in the Report
Company Profiles
3DEGREES
CLIMATEPARTNER GMBH
CLIMATETRADE
COOL EFFECT INC.
EKI ENERGY SERVICES LTD.
FINITE CARBON CORP.
GREEN MOUNTAIN ENERGY CO.
NATIVE
TERRAPASS
WGL HOLDINGS INC.
LIST OF TABLES
Summary Table : Global Market for Carbon Credits, by End User, Through 2029
Table 1 : Carbon Taxes, by Country, 2023
Table 2 : Carbon Credit Pricing, by Project Type
Table 3 : Global Market for Carbon Credits, Through 2029
Table 4 : Key Roles of Carbon Credit Industry Actors
Table 5 : Recent Developments in DAC Projects, 2022–2024
Table 6 : Carbon Credits Purchased, by Citigroup as its ESG Practices
Table 7 : Global Market for Carbon Credits, by Type, Through 2029
Table 8 : Methodologies of Carbon Credit Projects
Table 9 : Major Developments in Carbon Dioxide Removal, by Biochar Technology, 2023–2024
Table 10 : Global Market for Carbon Credits, by End User, Through 2029
Table 11 : Global Market for Carbon Credits in Power, by Region, Through 2029
Table 12 : Global Market for Carbon Credits in Energy, by Region, Through 2029
Table 13 : Global Market for Carbon Credits in Transportation, by Region, Through 2029
Table 14 : Global Market for Carbon Credits in Building and Construction, by Region, Through 2029
Table 15 : Global Market for Carbon Credits in Other Industries, by Region, Through 2029
Table 16 : Global Market for Carbon Credits, by Region, Through 2029
Table 17 : Carbon Pricing Revenues, by Instrument Type, 2023
Table 18 : European Market for Carbon Credits, by End User, Through 2029
Table 19 : Compliance Carbon Pricing Instruments in Europe
Table 20 : Asia-Pacific Market for Carbon Credits, by End User, Through 2029
Table 21 : Compliance Carbon Pricing Instruments in Asia-Pacific
Table 22 : North American Market for Carbon Credits, by End User, Through 2029
Table 23 : Compliance Carbon Pricing Instruments in North America
Table 24 : RoW Market for Carbon Credits, by End User, Through 2029
Table 25 : Compliance Carbon Pricing Instruments in MEA
Table 26 : Compliance Carbon Pricing Instruments in South America
Table 27 : Ranking of Carbon Credit Developers
Table 28 : List of Key Carbon Credit Developers
Table 29 : Abbreviations Used in This Report
Table 30 : 3Degrees: Company Snapshot
Table 31 : 3Degrees: Product Portfolio
Table 32 : 3Degrees: News/Key Developments, 2024
Table 33 : ClimatePartner GmbH: Company Snapshot
Table 34 : ClimatePartner GmbH: Product Portfolio
Table 35 : ClimatePartner GmbH: News/Key Developments, 2021–2023
Table 36 : ClimateTrade: Company Snapshot
Table 37 : ClimateTrade: Product Portfolio
Table 38 : ClimateTrade: News/Key Developments, 2023 and 2024
Table 39 : Cool Effect Inc.: Company Snapshot
Table 40 : Cool Effect Inc.: Product Portfolio
Table 41 : EKI Energy Services Ltd.: Company Snapshot
Table 42 : EKI Energy Services Ltd.: Financial Performance, FY 2022 and 2023
Table 43 : EKI Energy Services Ltd.: Product Portfolio
Table 44 : EKI Energy Services Ltd.: News/Key Developments, 2022–2024
Table 45 : Finite Carbon Corp.: Company Snapshot
Table 46 : Finite Carbon Corp.: Product Portfolio
Table 47 : Finite Carbon Corp.: News/Key Developments, 2023 and 2024
Table 48 : Green Mountain Energy Co.: Company Snapshot
Table 49 : Green Mountain Energy Co.: Product Portfolio
Table 50 : Native: Company Snapshot
Table 51 : Native: Product Portfolio
Table 52 : Native: News/Key Developments, 2023
Table 53 : Terrapass: Company Snapshot
Table 54 : Terrapass: Product Portfolio
Table 55 : WGL Holdings Inc.: Company Snapshot
Table 56 : WGL Holdings Inc.: Product Portfolio
Table 57 : WGL Holdings Inc.: News/Key Developments, 2023 and 2024
Summary Table : Global Market for Carbon Credits, by End User, Through 2029
Table 1 : Carbon Taxes, by Country, 2023
Table 2 : Carbon Credit Pricing, by Project Type
Table 3 : Global Market for Carbon Credits, Through 2029
Table 4 : Key Roles of Carbon Credit Industry Actors
Table 5 : Recent Developments in DAC Projects, 2022–2024
Table 6 : Carbon Credits Purchased, by Citigroup as its ESG Practices
Table 7 : Global Market for Carbon Credits, by Type, Through 2029
Table 8 : Methodologies of Carbon Credit Projects
Table 9 : Major Developments in Carbon Dioxide Removal, by Biochar Technology, 2023–2024
Table 10 : Global Market for Carbon Credits, by End User, Through 2029
Table 11 : Global Market for Carbon Credits in Power, by Region, Through 2029
Table 12 : Global Market for Carbon Credits in Energy, by Region, Through 2029
Table 13 : Global Market for Carbon Credits in Transportation, by Region, Through 2029
Table 14 : Global Market for Carbon Credits in Building and Construction, by Region, Through 2029
Table 15 : Global Market for Carbon Credits in Other Industries, by Region, Through 2029
Table 16 : Global Market for Carbon Credits, by Region, Through 2029
Table 17 : Carbon Pricing Revenues, by Instrument Type, 2023
Table 18 : European Market for Carbon Credits, by End User, Through 2029
Table 19 : Compliance Carbon Pricing Instruments in Europe
Table 20 : Asia-Pacific Market for Carbon Credits, by End User, Through 2029
Table 21 : Compliance Carbon Pricing Instruments in Asia-Pacific
Table 22 : North American Market for Carbon Credits, by End User, Through 2029
Table 23 : Compliance Carbon Pricing Instruments in North America
Table 24 : RoW Market for Carbon Credits, by End User, Through 2029
Table 25 : Compliance Carbon Pricing Instruments in MEA
Table 26 : Compliance Carbon Pricing Instruments in South America
Table 27 : Ranking of Carbon Credit Developers
Table 28 : List of Key Carbon Credit Developers
Table 29 : Abbreviations Used in This Report
Table 30 : 3Degrees: Company Snapshot
Table 31 : 3Degrees: Product Portfolio
Table 32 : 3Degrees: News/Key Developments, 2024
Table 33 : ClimatePartner GmbH: Company Snapshot
Table 34 : ClimatePartner GmbH: Product Portfolio
Table 35 : ClimatePartner GmbH: News/Key Developments, 2021–2023
Table 36 : ClimateTrade: Company Snapshot
Table 37 : ClimateTrade: Product Portfolio
Table 38 : ClimateTrade: News/Key Developments, 2023 and 2024
Table 39 : Cool Effect Inc.: Company Snapshot
Table 40 : Cool Effect Inc.: Product Portfolio
Table 41 : EKI Energy Services Ltd.: Company Snapshot
Table 42 : EKI Energy Services Ltd.: Financial Performance, FY 2022 and 2023
Table 43 : EKI Energy Services Ltd.: Product Portfolio
Table 44 : EKI Energy Services Ltd.: News/Key Developments, 2022–2024
Table 45 : Finite Carbon Corp.: Company Snapshot
Table 46 : Finite Carbon Corp.: Product Portfolio
Table 47 : Finite Carbon Corp.: News/Key Developments, 2023 and 2024
Table 48 : Green Mountain Energy Co.: Company Snapshot
Table 49 : Green Mountain Energy Co.: Product Portfolio
Table 50 : Native: Company Snapshot
Table 51 : Native: Product Portfolio
Table 52 : Native: News/Key Developments, 2023
Table 53 : Terrapass: Company Snapshot
Table 54 : Terrapass: Product Portfolio
Table 55 : WGL Holdings Inc.: Company Snapshot
Table 56 : WGL Holdings Inc.: Product Portfolio
Table 57 : WGL Holdings Inc.: News/Key Developments, 2023 and 2024
LIST OF FIGURES
Summary Figure : Global Market for Carbon Credits, by End User, 2023–2029
Figure 1 : Value Chain for Carbon Credit Market
Figure 2 : SWOT Analysis: Global Carbon Credits Market
Figure 3 : Market Dynamics of Carbon Credits
Figure 4 : Energy-Related CO2 Emissions, 2019–2023
Figure 5 : Annual CO2 Emissions Per Capita, by Country/Region, 2021–2023
Figure 6 : Benefits of Blockchain Technology in Carbon Credit Industry
Figure 7 : Emissions Covered by Carbon Credit Instruments, 2021–2024
Figure 8 : Global Market Shares of Carbon Credits, by Type, 2023
Figure 9 : Global Volume of Issuance by Crediting Mechanism Types, 2022
Figure 10 : Cost of Carbon Credit Projects, by Type, Q2 2023
Figure 11 : Global Market Shares of Carbon Credits, by End User, 2023
Figure 12 : Global Market Shares of Carbon Credits in Power, by Region, 2023
Figure 13 : Global Market Shares of Carbon Credits in Energy, by Region, 2023
Figure 14 : Global Market Shares of Carbon Credits in Transportation, by Region, 2023
Figure 15 : Global Market Shares of Carbon Credits in Building and Construction, by Region, 2023
Figure 16 : Global Market Shares of Carbon Credits in Other Industries, by Region, 2023
Figure 17 : Global Share of Power Generation Sources, 2018–2021
Figure 18 : Global Market Shares of Carbon Credits, by Region, 2023
Figure 19 : European Market Shares of Carbon Credits, by End User, 2023
Figure 20 : Share of Total GHG Emissions (MTCO2e) in China, by CRF Category, 2023
Figure 21 : Asia-Pacific Market Shares of Carbon Credits, by End User, 2023
Figure 22 : North American Market Shares of Carbon Credits, by End User, 2023
Figure 23 : RoW Market Shares of Carbon Credits, by End User, 2023
Figure 24 : EKI Energy Services Ltd.: Revenue Share, by Business Segment, FY 2023
Figure 25 : EKI Energy Services Ltd.: Revenue Share, by Country/Region, FY 2023
Summary Figure : Global Market for Carbon Credits, by End User, 2023–2029
Figure 1 : Value Chain for Carbon Credit Market
Figure 2 : SWOT Analysis: Global Carbon Credits Market
Figure 3 : Market Dynamics of Carbon Credits
Figure 4 : Energy-Related CO2 Emissions, 2019–2023
Figure 5 : Annual CO2 Emissions Per Capita, by Country/Region, 2021–2023
Figure 6 : Benefits of Blockchain Technology in Carbon Credit Industry
Figure 7 : Emissions Covered by Carbon Credit Instruments, 2021–2024
Figure 8 : Global Market Shares of Carbon Credits, by Type, 2023
Figure 9 : Global Volume of Issuance by Crediting Mechanism Types, 2022
Figure 10 : Cost of Carbon Credit Projects, by Type, Q2 2023
Figure 11 : Global Market Shares of Carbon Credits, by End User, 2023
Figure 12 : Global Market Shares of Carbon Credits in Power, by Region, 2023
Figure 13 : Global Market Shares of Carbon Credits in Energy, by Region, 2023
Figure 14 : Global Market Shares of Carbon Credits in Transportation, by Region, 2023
Figure 15 : Global Market Shares of Carbon Credits in Building and Construction, by Region, 2023
Figure 16 : Global Market Shares of Carbon Credits in Other Industries, by Region, 2023
Figure 17 : Global Share of Power Generation Sources, 2018–2021
Figure 18 : Global Market Shares of Carbon Credits, by Region, 2023
Figure 19 : European Market Shares of Carbon Credits, by End User, 2023
Figure 20 : Share of Total GHG Emissions (MTCO2e) in China, by CRF Category, 2023
Figure 21 : Asia-Pacific Market Shares of Carbon Credits, by End User, 2023
Figure 22 : North American Market Shares of Carbon Credits, by End User, 2023
Figure 23 : RoW Market Shares of Carbon Credits, by End User, 2023
Figure 24 : EKI Energy Services Ltd.: Revenue Share, by Business Segment, FY 2023
Figure 25 : EKI Energy Services Ltd.: Revenue Share, by Country/Region, FY 2023
