Latin America Carbon Credit Market Size & Outlook, 2024-2030
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- Renewable Energy
- Carbon Credit Market Outlook
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Latin America carbon credit market highlights
- The Latin America carbon credit market generated a revenue of USD 2,353.1 million in 2023.
- The market is expected to grow at a CAGR of 39.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,353.1 million |
| Market revenue in 2030 | USD 24,145.2 million |
| Growth rate | 39.5% (CAGR from 2023 to 2030) |
| Largest segment | Compliance |
| Fastest growing segment | Voluntary |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 0.5% of the global carbon credit market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 110,783.7 million by 2030.
In Central & South America, the demand for carbon credit projects is expected to increase owing to increase in power generation, transportation, industrial growth, and infrastructure development. As the region is observing growth in the manufacturing output, the energy demand has been rising.
This increased energy demand further contributes to the increase in GHG emissions, especially where coalfired boilers are used to generate electricity. In addition, rising industrial activities, including petroleum refining, chemical processing, and automated manufacturing, contribute to a rise in GHGs.
According to a news article published by The Economist in July 2023, South America is expected to become a major oil-producing region this decade. The oil refining facilities use energy-intensive processes, making it difficult to maintain carbon neutrality.
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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/ |
Latin America 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 99.3% in 2023.
Horizon Databook has segmented the Latin America carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
In Central & South America, the demand for carbon credit projects is expected to increase owing to increase in power generation, transportation, industrial growth, and infrastructure development. As the region is observing growth in the manufacturing output, the energy demand has been rising.
This increased energy demand further contributes to the increase in GHG emissions, especially where coalfired boilers are used to generate electricity. In addition, rising industrial activities, including petroleum refining, chemical processing, and automated manufacturing, contribute to a rise in GHGs.
According to a news article published by The Economist in July 2023, South America is expected to become a major oil-producing region this decade. The oil refining facilities use energy-intensive processes, making it difficult to maintain carbon neutrality.
- Latin America Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
- Compliance
- Voluntary
- Latin America Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
- Removal / Sequestration projects
- Avoidance / Reduction projects
- Latin America 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 continent-level data and insights on the Latin America Carbon Credit Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Carbon Credit Market, 2018-2030 (US$M)
Latin America carbon credit market statistics, by type, 2018-2030 (US$M)
