North America Carbon Credit Market Size & Outlook
North America carbon credit market, 2018-2030 (US$M)
Related Markets
North America carbon credit market highlights
- The North America carbon credit market generated a revenue of USD 8,438.4 million in 2023.
- The market is expected to grow at a CAGR of 44.5% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 8,438.4 million |
| Market revenue in 2030 | USD 110,783.7 million |
| Growth rate | 44.5% (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, North America region accounted for 1.8% 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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North America 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 99.35% in 2023. Horizon Databook has segmented the North America carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
North America has one of the most technologically advanced manufacturing, power generation, aviation, and industrial sectors. Coal-fired and natural gas & oil-based power plants generate GHGs during electricity generation. Industries often rely on fossil fuels for energy intensive processes.
The North American carbon credit market is driven by a combination of government programs and voluntary markets. At the state level, several cap-and-trade programs have been introduced to cap the total amount of greenhouse gas emissions allowed within the state; this requires companies to purchase carbon credits to offset their emissions.
An example of this is the Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade program implemented by nine northeastern U.S. states. Hence, with the rising awareness, corporate sustainability initiatives, and regulatory frameworks, the demand for carbon removal projects and carbon credit market is expected to rise over the forecast period.
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Target buyers of North America 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 North America carbon credit market , including forecasts for subscribers. This continent databook contains high-level insights into North America carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America carbon credit market size, by country, 2018-2030 (US$M)
North America Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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