Middle East & Africa Carbon Credit Market Size & Outlook
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- Carbon Credit Market 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.
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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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/ |
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 Outlook will help companies and investors design strategic landscapes.
Compliance was the largest segment with a revenue share of 99.11% in 2023.
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.
- Middle East & Africa Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
- Compliance
- Voluntary
- Middle East & Africa Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
- Removal / Sequestration projects
- Avoidance / Reduction projects
- Middle East & Africa 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 Middle East & Africa Carbon Credit Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Carbon Credit Market, 2018-2030 (US$M)
MEA carbon credit market statistics, by type, 2018-2030 (US$M)
