UAE Carbon Credit Market Size & Outlook, 2023-2030
UAE carbon credit market, 2018-2030 (US$M)
Related Markets
UAE carbon credit market highlights
- The UAE carbon credit market generated a revenue of USD 3,292.7 million in 2023 and is expected to reach USD 25,846.5 million by 2030.
- The UAE market is expected to grow at a CAGR of 34.2% 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 2023 | USD 3,292.7 million |
| Market revenue in 2030 | USD 25,846.5 million |
| Growth rate | 34.2% (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, UAE accounted for 0.7% 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 Middle East & Africa, UAE carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 25,846.5 million by 2030.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE 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 99.12% in 2023. Horizon Databook has segmented the UAE carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
In the UAE, GHG emissions are expected to increase in the coming months due to an increase in the production and consumption of fossil fuels. According to the report published by Climate action taker in July 2023, UAE is one of the first government who have submitted new NDC to the United Nations Framework Convention on Climate Change.
The government has been working proactively to take adequate measures to reduce GHGs to fulfill its NDC. Moreover, in September 2022, UAE has increased its GHG emission reduction target to 31% by 2030.
Such government measures are anticipated to drive the growth of the carbon credit market. Hence, to mitigate carbon footprint and achieve net-zero reduction targets, the UAE is planning to undertake the diversification of energy sources to develop energy-efficient measures and transfer its economy from oil based to non-oil based.
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Target buyers of UAE 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 UAE carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into UAE carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE carbon credit market size, by type, 2018-2030 (US$M)
UAE Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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