Global Voluntary Carbon Credit Trading Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Voluntary Carbon Credit Trading Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Voluntary Carbon Credit Trading market finds that the global Voluntary Carbon Credit Trading market reached a value of USD 387.22 million in 2022. It’s expected that the market will achieve USD 528.16 million by 2028, exhibiting a CAGR of 5.31% during the forecast period.

Market Drivers

In addition to the benefits of voluntary carbon offsets above, the increasing demand for carbon credit transactions in various regions and countries has also promoted the development of the industry. For example, China's greenhouse gas emissions rose from less than 1.5 billion tons in 1980 to more than 9 billion tons in 2015. With the development of China's economy, China has been accelerating the pace of transition to a green and low-carbon economy. In the future, China will take more actions in carbon credit trading. India has obtained hundreds of millions of carbon credits or emission reduction certificates (CERs) by investing in low-carbon-intensive technologies, switching to renewable energy, and protecting forests. But since this happened in an earlier climate agreement-the Kyoto Protocol-the Madrid Conference is expected to finalize the new global carbon market rules as part of the Paris Agreement. India is the world’s third largest emitter of greenhouse gases, and it has made a lot of money by selling its carbon credits on the international market. But it still has hundreds of millions of CERs remaining to be sold. North America is currently one of the most active carbon credit markets in the world. Although the United States lacks a federal climate policy, states are advancing existing and new emission pricing systems. As more and more states decide to take the lead in climate action, the market is expanding. These countries have largely stimulated the development of the industry.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview:

South Pole Group, 3Degrees, Allcot Group, Terrapass and CBEEX are the five key players in the global Voluntary Carbon Credit Trading market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Voluntary Carbon Credit Trading market in the past 5 years.

South Pole Group works with companies and governments around the world. Based on a thorough understanding of the climate risks and opportunities of specific industries and the highest emission reduction standards, South Pole Group helps to achieve deep decarbonization pathways across industries.

3Degrees' renewable energy, transportation decarbonization and climate solutions have enabled businesses and utilities to respond to calls for immediate and meaningful climate action.

Segmentation Overview:

Among different product types, REDD Carbon Offset segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Voluntary Carbon Credit Trading market covered in Chapter 3:

Bioassets
Carbon Clear
Carbon Credit Capital
GreenTrees
Biofílica
Forest Carbon
Guangzhou Greenstone
Aera Group
NativeEnergy
WayCarbon
CBEEX
South Pole Group
Terrapass
3Degrees
Allcot Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Voluntary Carbon Credit Trading market from 2018 to 2029 is primarily split into:

REDD Carbon Offset
Renewable Energy
Landfill Methane Projects

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Voluntary Carbon Credit Trading market from 2018 to 2029 covers:

Industrial
Household
Energy Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)