U.S. Carbon Credit Market Size & Outlook, 2023-2030
U.S. carbon credit market, 2018-2030 (US$M)
Related Markets
U.S. carbon credit market highlights
- The U.S. carbon credit market generated a revenue of USD 7,143.0 million in 2023 and is expected to reach USD 95,418.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 44.8% 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 7,143.0 million |
| Market revenue in 2030 | USD 95,418.0 million |
| Growth rate | 44.8% (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, U.S. accounted for 1.5% 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 North America, U.S. carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 95,418.0 million by 2030.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 99.25% in 2023. Horizon Databook has segmented the U.S. carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
In the U.S., the GHG emissions are increasing due to the rising energy demand from end-use industries, such as power, aviation, and chemicals. Further, CO2 emissions from fossil fuel combustion increased by 6.8% compare to 2020.
Carbon dioxide emission was also observed to be high in the U.S. due to use of coal, natural gas, and fossil fuel. In the energy sector, greenhouse gases are generated due to the combustion of fossil fuels such as coal, oil, and natural gas during the generation of electricity.
With the growing population, the demand for electricity is rising in the U.S., which has been positively contributing to the GHG emissions. Hence, there is a need to adopt GHG control measures. Therefore, with the growing GHGs emission, energy demand, and growth in power industry, the demand for carbon credit market is expected to increase over the forecast period.
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Our clientele includes a mix of carbon credit market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into U.S. carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. carbon credit market size, by type, 2018-2030 (US$M)
U.S. Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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