India Carbon Credit Market Size & Outlook, 2023-2030

The carbon credit market in India is expected to reach a projected revenue of US$ 49,448.6 million by 2030. A compound annual growth rate of 43.2% is expected of India carbon credit market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,010.5
Forecast, 2030 (US$M)
$49,448.6
CAGR, 2024 - 2030
43.2%
Report Coverage
India

India carbon credit market highlights

  • The India carbon credit market generated a revenue of USD 4,010.5 million in 2023 and is expected to reach USD 49,448.6 million by 2030.
  • The India market is expected to grow at a CAGR of 43.2% 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 2023USD 4,010.5 million
Market revenue in 2030USD 49,448.6 million
Growth rate43.2% (CAGR from 2023 to 2030)
Largest segmentCompliance
Fastest growing segmentVoluntary
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCompliance, Voluntary
Key market players worldwideAltaGas 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, India accounted for 0.8% 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 Companies

Name Profile # Employees HQ Website

India 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 99.62% in 2023. Horizon Databook has segmented the India carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.


The GHG emissions in India are expected to remain high due to the flourishing buildings & construction, power generation, oil & chemical processing, and aviation sectors. The country is the third-largest GHG emitter in the world after China and the U.S. In addition, GHG emissions in India went up by 6% in 2022 due to rising economic activities.

The old coal-fired energy plants are considered the main source of GHG emissions in the country. The growing number of cement and steel manufacturing facilities is further contributing to the GHG emissions in India. These developments are expected to increase the demand for carbon capture measures in India in the coming years.

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Target buyers of India 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into India carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India carbon credit market size, by type, 2018-2030 (US$M)

India Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)

India carbon credit market size, by type, 2018-2030 (US$M)

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