Middle East & Africa Carbon Credit Market Size & Outlook
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MEA carbon credit market highlights
- The MEA carbon credit market generated a revenue of USD 4,007.9 million in 2023.
- The market is expected to grow at a CAGR of 33.8% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 4,007.9 million |
| Market revenue in 2030 | USD 30,773.3 million |
| Growth rate | 33.8% (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, MEA region accounted for 0.8% 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.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| South Pole | View profile | 1001-5000 | Zürich, Zurich, Switzerland, Europe | https://www.southpole.com/ |
| NativeEnergy | View profile | 11-50 | Burlington, Vermont, United States, North America | http://www.nativeenergy.com |
| Finite Carbon | View profile | 11-50 | Wayne, Pennsylvania, United States, North America | http://www.finitecarbon.com |
| EKI Energy Services | View profile | 251-500 | Indore, Madhya Pradesh, India, Asia | http://www.enkingint.org |
| ClearSky | View profile | 11-50 | North Palm Beach, Florida, United States, North America | http://www.clear-sky.com/ |
| CarbonBetter | View profile | 11-50 | Austin, Texas, United States, North America | https://carbonbetter.com/ |
| Carbon Care Asia | View profile | - | Wan Chai, Hong Kong Island, Hong Kong, Asia | https://carboncareasia.com |
| 3Degrees Group, Inc | View profile | - | - | |
| Torrent Power Limited | View profile | 10001+ | Ahmedabad, Gujarat, India, Asia | http://www.torrentpower.com |
| AltaGas Ltd | View profile | 2893 | 1700, 355 - 4th Avenue S.W., Calgary, AB, Canada, T2P 0J1 | https://www.altagas.ca |
Middle East & Africa 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 will help companies and investors design strategic landscapes.
Compliance was the largest segment with a revenue share of 99.11% in 2024. Horizon Databook has segmented the Middle East & Africa carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
GHG emissions from the Middle East and Africa region are rising due to the growing oil & gas industry, power industry, and various industrial activities such as desalination projects. South Korean firm, Hanwha, will build this giant housing project. This city is divided into 8 towns, and 834 apartment complexes, totaling 1,00,080 units enough to house more than 6,00,000 people. In the building industry, GHG emission is higher due to the use of HVAC systems.
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Our clientele includes a mix of carbon credit market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa carbon credit market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA carbon credit market size, by country, 2018-2030 (US$M)
Middle East & Africa Carbon Credit Market Outlook Share, 2024 & 2030 (US$M)
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