Global Voluntary Carbon Credit Market Size & Outlook
Global voluntary carbon credit market, 2018-2030 (US$M)
Related Markets
Global voluntary carbon credit market highlights
- The global voluntary carbon credit market generated a revenue of USD 2,979.3 million in 2023 and is expected to reach USD 23,999.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 34.7% by 2030.
- In terms of segment, renewable energy accounted for a revenue of USD 1,164.4 million in 2023.
- Energy Efficiency is the most lucrative project segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,979.3 million |
| Market revenue in 2030 | USD 23,999.6 million |
| Growth rate | 34.7% (CAGR from 2023 to 2030) |
| Largest segment | Renewable energy |
| Fastest growing segment | Energy Efficiency |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Renewable Energy, Energy Efficiency, Afforestation and Reforestation, Methane Capture and Destruction, Others (soil carbon sequestration, energy efficiency) |
Other key industry trends
- In terms of revenue, the North America accounted for 37.2% of the global voluntary carbon credit market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 88.9 million by 2030.
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Voluntary Carbon Credit Market Scope
Voluntary Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Puro.earth | View profile | 11-50 | Helsinki, Southern Finland, Finland, Europe | https://puro.earth/ |
| EcoAct | View profile | 11-50 | Paris, Ile-de-France, France, Europe | http://www.eco-act.com/ |
| Climate Impact Partners | View profile | 51-100 | London, England, United Kingdom, Europe | https://www.climateimpact.com/ |
| Terrasos | View profile | 11-50 | Bogotá, Distrito Especial, Colombia, South America | https://en.terrasos.co/ |
| Combio Energia | View profile | 501-1000 | São Paulo, Sao Paulo, Brazil, South America | https://combioenergia.com.br |
| ecosecurities | View profile | 51-100 | Carouge, Geneve, Switzerland, Europe | http://www.ecosecurities.com |
| Verra | View profile | 101-250 | Washington, District of Columbia, United States, North America | https://verra.org/ |
| EKI Energy Services | View profile | 251-500 | Indore, Madhya Pradesh, India, Asia | http://www.enkingint.org |
| 3Degrees Group, Inc | View profile | - | - |
Global voluntary 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 voluntary carbon credit market will help companies and investors design strategic landscapes.
Renewable energy was the largest segment with a revenue share of 39.08% in 2024. Horizon Databook has segmented the Global voluntary carbon credit market based on renewable energy, energy efficiency, afforestation and reforestation, methane capture and destruction, others (soil carbon sequestration, energy efficiency) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Voluntary Carbon Credit Project Outlook (Revenue, USD Million, 2018-2030)
- Afforestation and Reforestation
- Renewable Energy
- Others (soil carbon sequestration, energy efficiency)
- Energy Efficiency
- Methane Capture and Destruction
- Global Voluntary Carbon Credit Application Outlook (Revenue, USD Million, 2018-2030)
- Household Devices
- Industrial
- Agriculture
- Others
- Energy
- Global Voluntary Carbon Credit End Use Outlook (Revenue, USD Million, 2018-2030)
- Non-Governmental Organizations (NGOs)
- Private Companies
- Individuals
- Government Agencies
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Target buyers of Global voluntary carbon credit market databook
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Our clientele includes a mix of voluntary carbon credit market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 global-level data and insights on the Global voluntary carbon credit market , including forecasts for subscribers. This global databook contains high-level insights into Global voluntary carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global voluntary carbon credit market size, by regions, 2018-2030 (US$M)
Top 10 countries: Voluntary carbon credit market size, 2024 (US$M)
Global voluntary carbon credit market share, by project, 2024 & 2030 (%, US$M)
Voluntary carbon credit market: Opportunity assessment by country
Global voluntary carbon credit market, by region, 2024 (US$M)
Related statistics
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