South Korea Carbon Credit Market Size & Outlook, 2023-2030
South Korea carbon credit market, 2018-2030 (US$M)
Related Markets
South Korea carbon credit market highlights
- The South Korea carbon credit market generated a revenue of USD 2,101.7 million in 2023 and is expected to reach USD 23,347.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 41.1% 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 2,101.7 million |
| Market revenue in 2030 | USD 23,347.2 million |
| Growth rate | 41.1% (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, South Korea accounted for 0.4% 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 |
|---|
South Korea 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 99.53% in 2023. Horizon Databook has segmented the South Korea carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
According to the report published by International Energy Agency (IEA) in March 2023, South Korea is heavily dependent on the coal to generate the electricity. Around 40% of the total electricity generation is done by using coal feed power generation facility.
In addition to that, after coal majority of the electricity generation facilities used natural gas or nuclear energy as fuel source. Hence emissions from the power generation facilities are significantly contributing the emission of GHGs.
Moreover, South Korea has the robust manufacturing sector, which includes steel & cement industries, automobile, semiconductor manufacturing industries. With continuous growth in the economy the output from these manufacturing sectors is expected to further contribute in the GHGs emission.
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Target buyers of South Korea 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 South Korea carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into South Korea carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea carbon credit market size, by type, 2018-2030 (US$M)
South Korea Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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