Australia Carbon Credit Market Size & Outlook, 2023-2030
Australia carbon credit market, 2018-2030 (US$M)
Related Markets
Australia carbon credit market highlights
- The Australia carbon credit market generated a revenue of USD 1,576.8 million in 2023 and is expected to reach USD 21,143.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 44.9% 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 1,576.8 million |
| Market revenue in 2030 | USD 21,143.8 million |
| Growth rate | 44.9% (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, Australia accounted for 0.3% 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 Asia Pacific, China carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,143.8 million by 2030.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 99.94% in 2023. Horizon Databook has segmented the Australia carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for deploying carbon sinks is expected to increase in Australia during the forecast period owing to the rising GHG emissions in the country. In addition, gasoline cars dominated the private transportation sector in the country by accounting for a share of 65% of the same in 2022.
Buses and trains dominate the public transportation sector in Australia by accounting for shares of 38% and 32%, respectively of the same. As per the International Organization of Motor Vehicle Manufacturers (OICA) and the International Energy Agency (IEA), a total of 48,000 conventional fuel-based vehicles and 10,782 electric vehicles were manufactured in the country in 2021.
With the growing penetration of automobiles in Australia, GHG emissions are expected to increase in the country during the forecast period, thereby fueling the demand for carbon credit services.
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Our clientele includes a mix of carbon credit market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into Australia carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia carbon credit market size, by type, 2018-2030 (US$M)
Australia Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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