Global Carbon Credit Market Size & Outlook, 2023-2030

The carbon credit industry worldwide is expected to reach a projected revenue of US$ 4,734,347.5 million by 2030. A compound annual growth rate of 38.7% is expected of the worldwide carbon credit industry from 2024 to 2030.
Revenue, 2023 (US$M)
$479,407.7
Forecast, 2030 (US$M)
$4,734,347.5
CAGR, 2024 - 2030
38.7%
Report Coverage
Worldwide

Global carbon credit market highlights

  • The global carbon credit market generated a revenue of USD 479,407.7 million in 2023 and is expected to reach USD 4,734,347.5 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 38.7% by 2030.
  • In terms of segment, compliance accounted for a revenue of USD 473,658.2 million in 2023.
  • Voluntary is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.
  • Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 479,407.7 million
Market revenue in 2030USD 4,734,347.5 million
Growth rate38.7% (CAGR from 2023 to 2030)
Largest segmentCompliance
Fastest growing segmentVoluntary
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCompliance, Voluntary

Other key industry trends

  • In terms of revenue, the North America accounted for 1.8% of the global carbon credit market in 2023.
  • By country, the UK is projected to lead the global market in terms of revenue in 2030.
  • By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 3,268.1 million by 2030.

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Carbon Credit Market Companies

Name Profile # Employees HQ Website

Global 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 will help companies and investors design strategic landscapes.


Compliance was the largest segment with a revenue share of 98.8% in 2023. Horizon Databook has segmented the Global carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Carbon Credit Type Outlook (Revenue, USD Million, 2018-2030)
    • Compliance
    • Voluntary
  • Global Carbon Credit Project Type Outlook (Revenue, USD Million, 2018-2030)
    • Removal / Sequestration projects
      • Nature based
      • Technology based
    • Avoidance / Reduction projects
  • Global Carbon Credit End Use Outlook (Revenue, USD Million, 2018-2030)
    • Power
    • Energy
    • Aviation
    • Transportation
    • Buildings
    • Industrial
    • Others

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Target buyers of Global carbon credit market databook

  • Our clientele includes a mix of carbon credit market 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 global-level data and insights on the Global carbon credit market , including forecasts for subscribers. This global databook contains high-level insights into Global carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global carbon credit market size, by regions, 2018-2030 (US$M)

Top 10 countries: Carbon credit market size, 2023 (US$M)

Global carbon credit market share, by type, 2023 & 2030 (%, US$M)

Carbon credit market: Opportunity assessment by country

Global carbon credit market, by region, 2023 (US$M)

Global carbon credit market size, by regions, 2018-2030 (US$M)

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