India Carbon Credit Market Size & Outlook, 2024-2030
- Energy & Power
- Renewable Energy
- Carbon Credit Market Outlook
- Renewable Energy
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India carbon credit market highlights
- The India carbon credit market generated a revenue of USD 4,010.5 million in 2023 and is expected to reach USD 49,448.6 million by 2030.
- The India market is expected to grow at a CAGR of 43.2% 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 4,010.5 million |
| Market revenue in 2030 | USD 49,448.6 million |
| Growth rate | 43.2% (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, India accounted for 0.8% 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 Asia Pacific, China carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,143.8 million by 2030.
The GHG emissions in India are expected to remain high due to the flourishing buildings & construction, power generation, oil & chemical processing, and aviation sectors. The country is the third-largest GHG emitter in the world after China and the U.S. In addition, GHG emissions in India went up by 6% in 2022 due to rising economic activities.
The old coal-fired energy plants are considered the main source of GHG emissions in the country. The growing number of cement and steel manufacturing facilities is further contributing to the GHG emissions in India. These developments are expected to increase the demand for carbon capture measures in India in the coming years.
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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/ |
India 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 99.62% in 2023.
Horizon Databook has segmented the India carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
The GHG emissions in India are expected to remain high due to the flourishing buildings & construction, power generation, oil & chemical processing, and aviation sectors. The country is the third-largest GHG emitter in the world after China and the U.S. In addition, GHG emissions in India went up by 6% in 2022 due to rising economic activities.
The old coal-fired energy plants are considered the main source of GHG emissions in the country. The growing number of cement and steel manufacturing facilities is further contributing to the GHG emissions in India. These developments are expected to increase the demand for carbon capture measures in India in the coming years.
- India Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
- Compliance
- Voluntary
- India Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
- Removal / Sequestration projects
- Avoidance / Reduction projects
- India 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 India Carbon Credit Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Carbon Credit Market, 2018-2030 (US$M)
India carbon credit market statistics, by type, 2018-2030 (US$M)
