North America Carbon Credit Market Size & Outlook, 2024-2030
- Energy & Power
- Renewable Energy
- Carbon Credit Market Outlook
- Renewable Energy
Global Market
Related Markets
Ask a question about the carbon credit market
North America carbon credit market highlights
- The North America carbon credit market generated a revenue of USD 8,438.4 million in 2023.
- The market is expected to grow at a CAGR of 44.5% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 8,438.4 million |
| Market revenue in 2030 | USD 110,783.7 million |
| Growth rate | 44.5% (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, North America region accounted for 1.8% 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.
North America has one of the most technologically advanced manufacturing, power generation, aviation, and industrial sectors. Coal-fired and natural gas & oil-based power plants generate GHGs during electricity generation. Industries often rely on fossil fuels for energy intensive processes.
The North American carbon credit market is driven by a combination of government programs and voluntary markets. At the state level, several cap-and-trade programs have been introduced to cap the total amount of greenhouse gas emissions allowed within the state; this requires companies to purchase carbon credits to offset their emissions.
An example of this is the Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade program implemented by nine northeastern U.S. states. Hence, with the rising awareness, corporate sustainability initiatives, and regulatory frameworks, the demand for carbon removal projects and carbon credit market is expected to rise over the forecast period.
No credit card required*
Publish Date: Jan 06, 2026
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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/ |
North 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 99.35% in 2023.
Horizon Databook has segmented the North America carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
North America has one of the most technologically advanced manufacturing, power generation, aviation, and industrial sectors. Coal-fired and natural gas & oil-based power plants generate GHGs during electricity generation. Industries often rely on fossil fuels for energy intensive processes.
The North American carbon credit market is driven by a combination of government programs and voluntary markets. At the state level, several cap-and-trade programs have been introduced to cap the total amount of greenhouse gas emissions allowed within the state; this requires companies to purchase carbon credits to offset their emissions.
An example of this is the Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade program implemented by nine northeastern U.S. states. Hence, with the rising awareness, corporate sustainability initiatives, and regulatory frameworks, the demand for carbon removal projects and carbon credit market is expected to rise over the forecast period.
- North America Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
- Compliance
- Voluntary
- North America Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
- Removal / Sequestration projects
- Avoidance / Reduction projects
- North America Carbon Credit Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Power
- Energy
- Aviation
- Transportation
- Buildings
- Industrial
- Others
Reasons to subscribe to Carbon Credit Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Carbon Credit Market Outlook databook
- Our clientele includes a mix of Carbon Credit Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America Carbon Credit Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Carbon Credit Market, 2018-2030 (US$M)
North America carbon credit market statistics, by type, 2018-2030 (US$M)
