Canada Carbon Credit Market Size & Outlook, 2024-2030
- Energy & Power
- Renewable Energy
- Carbon Credit Market Outlook
- Renewable Energy
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Canada carbon credit market highlights
- The Canada carbon credit market generated a revenue of USD 1,065.3 million in 2023 and is expected to reach USD 13,338.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 43.5% 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 1,065.3 million |
| Market revenue in 2030 | USD 13,338.4 million |
| Growth rate | 43.5% (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, Canada accounted for 0.2% 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 North America, U.S. carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 95,418.0 million by 2030.
GHG emissions in Canada have been rising continuously. The government of Canada in 2023 reported that Canada’s GHG emissions were equivalent to 670 megatons of carbon dioxide, registering a 1.8% increase compared to 2020 level.
In transportation and oil & gas extraction sectors combustion emissions were increased by 5% and 4%, respectively between 2021 and 2021. The transportation sector in Canada including road, air, and rail is a significant contributor of GHG emission.
Canada is the fourth-largest producer of oil and sixth largest producer of natural gas in the world. The extraction, refining, storage, and transportation of crude oil & natural gas has been contributing to GHG emission.
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Publish Date: Jan 06, 2026
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AltaGas Ltd | View profile | 2,893 | 1700, 355 - 4th Avenue S.W., Calgary, AB, Canada, T2P 0J1 | www.altagas.ca |
| Torrent Power Limited | View profile | 10001+ | Ahmedabad, Gujarat, India, Asia | www.torrentpower.com |
| 3Degrees Group, Inc | View profile | - | - | - |
| Carbon Care Asia | View profile | - | Wan Chai, Hong Kong Island, Hong Kong, Asia | carboncareasia.com |
| CarbonBetter | View profile | 11-50 | Austin, Texas, United States, North America | carbonbetter.com/ |
| ClearSky | View profile | 11-50 | North Palm Beach, Florida, United States, North America | www.clear-sky.com/ |
| EKI Energy Services | View profile | 251-500 | Indore, Madhya Pradesh, India, Asia | www.enkingint.org |
| Finite Carbon | View profile | 11-50 | Wayne, Pennsylvania, United States, North America | www.finitecarbon.com |
| NativeEnergy | View profile | 11-50 | Burlington, Vermont, United States, North America | www.nativeenergy.com |
| South Pole | View profile | 1001-5000 | Zürich, Zurich, Switzerland, Europe | www.southpole.com/ |
Canada Carbon Credit Market Outlook
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 99.85% in 2023.
Horizon Databook has segmented the Canada carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
GHG emissions in Canada have been rising continuously. The government of Canada in 2023 reported that Canada’s GHG emissions were equivalent to 670 megatons of carbon dioxide, registering a 1.8% increase compared to 2020 level.
In transportation and oil & gas extraction sectors combustion emissions were increased by 5% and 4%, respectively between 2021 and 2021. The transportation sector in Canada including road, air, and rail is a significant contributor of GHG emission.
Canada is the fourth-largest producer of oil and sixth largest producer of natural gas in the world. The extraction, refining, storage, and transportation of crude oil & natural gas has been contributing to GHG emission.
- Canada Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
- Compliance
- Voluntary
- Canada Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
- Removal / Sequestration projects
- Avoidance / Reduction projects
- Canada 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 Canada Carbon Credit Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Carbon Credit Market, 2018-2030 (US$M)
Canada carbon credit market statistics, by type, 2018-2030 (US$M)
