Europe Carbon Credit Market Size & Outlook, 2023-2030
Europe carbon credit market, 2018-2030 (US$M)
Related Markets
Europe carbon credit market highlights
- The Europe carbon credit market generated a revenue of USD 427,939.0 million in 2023.
- The market is expected to grow at a CAGR of 38.3% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 427,939.0 million |
| Market revenue in 2030 | USD 4,144,921.2 million |
| Growth rate | 38.3% (CAGR from 2023 to 2030) |
| Largest segment | Compliance |
| Fastest growing segment | Voluntary |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 89.3% of the global carbon credit market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 110,783.7 million by 2030.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 98.73% in 2023. Horizon Databook has segmented the Europe carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
The European Union Trading Systems (EU ETS) is one of the largest cap-and-trade systems for greenhouse gas (GHGs) emissions. This trading system incorporates over 11,000 power plants, industrial installations, and airlines across 27 European Union (EU) member states along with Iceland, Liechtenstein, and Norway.
This creates a market space for carbon credits, wherein companies can purchase or sell allowances depending on their emission requirements. The European Union (EU) has set ambitious climate goals, including reducing greenhouse gas emissions by at least 55% by 2030 and achieving net-zero emissions by 2050.
Such goals are driving the demand for carbon credits as companies and organizations seek to offset their emissions and meet their climate targets. External events, such as the outbreak of the COVID-19 pandemic in 2020 and the energy crisis in 2022, slowed the emission reduction.
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Target buyers of Europe carbon credit market databook
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Our clientele includes a mix of 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 continent-level data and insights on the Europe carbon credit market , including forecasts for subscribers. This continent databook contains high-level insights into Europe carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe carbon credit market size, by country, 2018-2030 (US$M)
Europe Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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