Key Market Insights:

• Market Size & Revenue Growth:
  The global carbon credit market generated revenue of USD 479,407.7 million in 2023. This is anticipated to surge, reaching an estimated USD 4,734,347.5 million by 2030.

• Projected Growth Rate:
  The market is forecasted to grow at a CAGR of 38.7% from 2024 to 2030, reflecting robust demand from compliance and voluntary market segments.

• Segment Analysis:

  • Compliance Segment: In 2023, this segment accounted for USD 473,658.2 million, driven by government mandates and policies targeting emissions reductions in high-emission industries.
  • Voluntary Segment: Expected to show the fastest growth, this segment is seeing increased participation from companies voluntarily committing to climate targets and investors interested in sustainable portfolios.

• Regional Breakdown:

  • Europe: The leading revenue-generating region in 2023, with strong regulatory frameworks supporting carbon trading.
  • North America is also projected to grow steadily, driven by federal and state-level initiatives.

Market Drivers:

1. Regulatory Pressure: Compliance obligations under frameworks like the EU Emissions Trading System (ETS) continue to push companies to participate in carbon markets.
2. Corporate Responsibility: Growing environmental consciousness among corporations drives demand in the voluntary carbon credit market.
3. Investor Interest: Sustainable investment practices fuel interest in carbon credits as part of diversified portfolios.

This positive outlook reflects a market dynamic where mandatory and voluntary actions align toward substantial environmental impact, with an unprecedented expansion expected by 2030.

Source: Carbon Credit Market Outlook, Grandview Research - Carbon Credit Market Size, Share & Trends Analysis Report By Type (Compliance, Voluntary), By Project Type (Avoidance/Reduction Projects, Removal/Sequestration Projects), By End-use, By Region, And Segment Forecasts, 2023 - 2030