UK Carbon Credit Market Size & Outlook, 2023-2030
UK carbon credit market, 2018-2030 (US$M)
Related Markets
UK carbon credit market highlights
- The UK carbon credit market generated a revenue of USD 164,279.8 million in 2023 and is expected to reach USD 1,579,215.0 million by 2030.
- The UK market is expected to grow at a CAGR of 38.2% 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 164,279.8 million |
| Market revenue in 2030 | USD 1,579,215.0 million |
| Growth rate | 38.2% (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, UK accounted for 34.3% 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 Europe, UK carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 166,211.3 million by 2030.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 98.67% in 2023. Horizon Databook has segmented the UK carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
The UK Emissions Trading Scheme (UK ETS) is a collective scheme of participants, including the UK, Scottish & Welsh governments, Northern Ireland department of agriculture, and Environment and rural affairs.
This scheme was initiated in line with the UK’s carbon pricing policy and was established through The Greenhouse Gas Emissions Trading Scheme Order, 2020. The scheme is applicable to energy-intensive industries such as power generation and aviation.
Across the aviation industry, the routes covered by the UK ETS, include domestic flights in the UK, flights in between UK & Gibraltar, and flights departing the UK to European Economic Area states.
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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 UK carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into UK carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK carbon credit market size, by type, 2018-2030 (US$M)
UK Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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