Brazil Carbon Credit Market Size & Outlook, 2024-2030
The carbon credit market in Brazil is expected to reach a projected revenue of US$ 16,809.9 million by 2030. A compound annual growth rate of 38.8% is expected of Brazil carbon credit market from 2024 to 2030.
The Brazil carbon credit market generated a revenue of USD 1,697.3 million in 2023 and is expected to reach USD 16,809.9 million by 2030.
The Brazil market is expected to grow at a CAGR of 38.8% from 2024 to 2030.
In terms of segment, compliance was the largest revenue generating type in 2023.
Voluntary is the most lucrative type segment registering the fastest growth during the forecast period.
Carbon credit market data book summary
Market revenue in 2023
USD 1,697.3 million
Market revenue in 2030
USD 16,809.9 million
Growth rate
38.8% (CAGR from 2023 to 2030)
Largest segment
Compliance
Fastest growing segment
Voluntary
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Compliance, Voluntary
Key market players worldwide
AltaGas Ltd, 3Degrees Group, Inc, Carbon Care Asia, CarbonBetter, ClearSky, EKI Energy Services, Finite Carbon, NativeEnergy, South Pole, Torrent Power Limited
Other key industry trends
In terms of revenue, Brazil accounted for 0.4% of the global carbon credit market in 2023.
Country-wise, UK is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil carbon credit market is projected to lead the regional market in terms of revenue in 2030.
Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16,809.9 million by 2030.
In Brazil, the demand for carbon credit is expected to rise, to mitigate the growing GHG emissions from power generation, aviation, transportation, and other industrial processes. In November 2022, Brazil’s 2021 emissions reached highest since 2005.
This can be attributed to the growth of its GDP from last ten years. Being the member of BRICS, Brazil has been continuously investing to improve its secondary sector. Brazil has witnessed significant growth in manufacturing sector.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Carbon Credit Market Outlook will help companies and investors design strategic landscapes.
Compliance was the largest segment with a revenue share of 99.17% in 2023.
Horizon Databook has segmented the Brazil carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
In Brazil, the demand for carbon credit is expected to rise, to mitigate the growing GHG emissions from power generation, aviation, transportation, and other industrial processes. In November 2022, Brazil’s 2021 emissions reached highest since 2005.
This can be attributed to the growth of its GDP from last ten years. Being the member of BRICS, Brazil has been continuously investing to improve its secondary sector. Brazil has witnessed significant growth in manufacturing sector.
Brazil Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
Compliance
Voluntary
Brazil Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
Removal / Sequestration projects
Avoidance / Reduction projects
Brazil Carbon Credit Market End-use Outlook (Revenue, USD Million , 2018-2030)
Power
Energy
Aviation
Transportation
Buildings
Industrial
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Carbon Credit Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.