Saudi Arabia Carbon Credit Market Size & Outlook, 2024-2030
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- Renewable Energy
- Carbon Credit Market Outlook
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Saudi Arabia carbon credit market highlights
- The Saudi Arabia carbon credit market generated a revenue of USD 463.3 million in 2023 and is expected to reach USD 3,268.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 32.2% 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 463.3 million |
| Market revenue in 2030 | USD 3,268.1 million |
| Growth rate | 32.2% (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, Saudi Arabia accounted for 0.1% 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 Middle East & Africa, UAE carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 25,846.5 million by 2030.
Saudi Arabia invested heavily in infrastructure projects such as King Salman Energy Park, Red Sea, AMAALA, and NEOM. According to a news article published by Arch Daily in November 2023, the NEOM project proclaimed to upscale coastal destination in northwest Saudi Arabia by unveiling two futuristic coastal skyscrapers.
As these huge construction projects require carbon capture and storage (CCS) and direct air capture (DAC) measures to remove carbon present in the atmosphere. Such huge building construction activities are expected to drive the market for carbon credit.
In addition, Saudi Arabia has been investing heavily in the oil & gas refining facilities. According to a data published by International Trade Administration (ITA), Saudi Arabia possesses 17% of the global petroleum reserves and ranks as top country exporting petroleum.
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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/ |
Saudi Arabia 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 99.07% in 2023.
Horizon Databook has segmented the Saudi Arabia carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia invested heavily in infrastructure projects such as King Salman Energy Park, Red Sea, AMAALA, and NEOM. According to a news article published by Arch Daily in November 2023, the NEOM project proclaimed to upscale coastal destination in northwest Saudi Arabia by unveiling two futuristic coastal skyscrapers.
As these huge construction projects require carbon capture and storage (CCS) and direct air capture (DAC) measures to remove carbon present in the atmosphere. Such huge building construction activities are expected to drive the market for carbon credit.
In addition, Saudi Arabia has been investing heavily in the oil & gas refining facilities. According to a data published by International Trade Administration (ITA), Saudi Arabia possesses 17% of the global petroleum reserves and ranks as top country exporting petroleum.
- Saudi Arabia Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
- Compliance
- Voluntary
- Saudi Arabia Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
- Removal / Sequestration projects
- Avoidance / Reduction projects
- Saudi Arabia 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 Saudi Arabia Carbon Credit Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Carbon Credit Market, 2018-2030 (US$M)
Saudi Arabia carbon credit market statistics, by type, 2018-2030 (US$M)
