Carbon Credit Market

Rapidly increasing awareness regarding the global climate change and the required sustainable steps to address the same will primarily drive the market for carbon credits. Favourable government initiatives, supportive regulatory structure, and mounting investments in carbon offset projects will also shape the market to a large extent.

Toward the end of forecast year 2030, the global carbon credit market valuation is expected to reach around US$2 trillion. The rate of growth in revenue will be phenomenal too, more than 30%, during 2023 - 2030.

By type, the compliance market segment continues to surge ahead. On the other hand, by end-use industry, the power sector is expected to create the highest demand-based opportunity.

While Europe remains the global hub for investors in carbon credit projects, Asia Pacific is projected to demonstrate stupendous growth in its market attractiveness over the period of forecast.

EKI Energy Services Ltd., 3Degrees, Finite Carbon, CarbonBetter, and ClimatePartner GmBH are some of the prominent players in the market for carbon credits. Companies are likely to be working together to expedite their individual efforts toward achieving a net-zero environment.