Sweden Carbon Credit Market Size & Outlook, 2024-2030
The carbon credit market in Sweden is expected to reach a projected revenue of US$ 103,623.0 million by 2030. A compound annual growth rate of 36.6% is expected of Sweden carbon credit market from 2024 to 2030.
The Sweden carbon credit market generated a revenue of USD 11,702.9 million in 2023 and is expected to reach USD 103,623.0 million by 2030.
The Sweden market is expected to grow at a CAGR of 36.6% 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 11,702.9 million
Market revenue in 2030
USD 103,623.0 million
Growth rate
36.6% (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, Sweden accounted for 2.4% 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 Europe, UK carbon credit market is projected to lead the regional market in terms of revenue in 2030.
Italy is the fastest growing regional market in Europe and is projected to reach USD 166,211.3 million by 2030.
Sweden is an authorized trading country and the member for Internationally Transferred Mitigation Outcomes (ITMO). Since 2002, the Swedish Energy Agency has been purchasing international carbon credits on behalf of the country.
As per the Raising Climate Ambition with Carbon Credits report, published by Perspectives Climate Group, in July 2023, of the 32.60 million Kyoto credits delivered to Sweden, slightly over 640,000 credits will be utilized towards meeting Sweden’s Kyoto target. The remaining shall be voluntarily cancelled hence contributing to global ambition-raising.
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 99.96% in 2023.
Horizon Databook has segmented the Sweden carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
Sweden is an authorized trading country and the member for Internationally Transferred Mitigation Outcomes (ITMO). Since 2002, the Swedish Energy Agency has been purchasing international carbon credits on behalf of the country.
As per the Raising Climate Ambition with Carbon Credits report, published by Perspectives Climate Group, in July 2023, of the 32.60 million Kyoto credits delivered to Sweden, slightly over 640,000 credits will be utilized towards meeting Sweden’s Kyoto target. The remaining shall be voluntarily cancelled hence contributing to global ambition-raising.
Sweden Carbon Credit Market Type Outlook (Revenue, USD Million , 2018-2030)
Compliance
Voluntary
Sweden Carbon Credit Market Project Type Outlook (Revenue, USD Million , 2018-2030)
Removal / Sequestration projects
Avoidance / Reduction projects
Sweden 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 Sweden Carbon Credit Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Sweden Carbon Credit Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.