Japan Carbon Credit Market Size & Outlook, 2023-2030
Japan carbon credit market, 2018-2030 (US$M)
Related Markets
Japan carbon credit market highlights
- The Japan carbon credit market generated a revenue of USD 2,590.8 million in 2023 and is expected to reach USD 29,109.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 41.3% 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.
Carbon credit market data book summary
| Market revenue in 2023 | USD 2,590.8 million |
| Market revenue in 2030 | USD 29,109.8 million |
| Growth rate | 41.3% (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, Japan accounted for 0.5% 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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Japan 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 99.58% in 2023. Horizon Databook has segmented the Japan carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
Increased GHG emissions in Japan can be attributed to the large-scale energy generation from fossil fuels and increased industrial processes in the country. The growth of the transportation, aviation, and buildings & construction sectors in Japan is further contributing to the rise in GHG levels.
The GHG emissions in the country increased by 2% in 2022 compared with that of 2021. This increase in GHG emissions in Japan is the highest in the past eight years. The transition from nuclear power generation to fossil fuel-based power generation has been observed in the country after the Fukushima disaster in 2011.
The Government of Japan has initiated the sixth strategic energy plan and has adopted the safety plus energy security, economic efficiency, and environmental sustainability (S+3E) approach. It has proposed to include GHG emissions as criteria for government procurement decisions.
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Target buyers of Japan 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 country-level data and insights on the Japan carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into Japan carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan carbon credit market size, by type, 2018-2030 (US$M)
Japan Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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