UK Voluntary Carbon Credit Market Size & Outlook

The voluntary carbon credit market in UK is expected to reach a projected revenue of US$ 1,519.9 million by 2030. A compound annual growth rate of 34% is expected of UK voluntary carbon credit market from 2024 to 2030.
Revenue, 2023 (US$M)
$195.8
Forecast, 2030 (US$M)
$1,519.9
CAGR, 2024 - 2030
34%
Report Coverage
UK

UK voluntary carbon credit market highlights

  • The UK voluntary carbon credit market generated a revenue of USD 195.8 million in 2023 and is expected to reach USD 1,519.9 million by 2030.
  • The UK market is expected to grow at a CAGR of 34% from 2024 to 2030.
  • In terms of segment, afforestation and reforestation was the largest revenue generating project in 2023.
  • Energy Efficiency is the most lucrative project segment registering the fastest growth during the forecast period.


Voluntary carbon credit market data book summary

Market revenue in 2023USD 195.8 million
Market revenue in 2030USD 1,519.9 million
Growth rate34% (CAGR from 2023 to 2030)
Largest segmentAfforestation and reforestation
Fastest growing segmentEnergy Efficiency
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationRenewable Energy, Energy Efficiency, Afforestation and Reforestation, Methane Capture and Destruction, Others (soil carbon sequestration, energy efficiency)


Other key industry trends

  • In terms of revenue, UK accounted for 6.6% of the global voluntary carbon credit market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany voluntary carbon credit market is projected to lead the regional market in terms of revenue in 2030.
  • Spain is the fastest growing regional market in Europe and is projected to reach USD 754.9 million by 2030.

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Voluntary Carbon Credit Market Companies

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UK voluntary 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 voluntary carbon credit market will help companies and investors design strategic landscapes.


Afforestation and reforestation was the largest segment with a revenue share of 65.93% in 2023. Horizon Databook has segmented the UK voluntary carbon credit market based on renewable energy, energy efficiency, afforestation and reforestation, methane capture and destruction, others (soil carbon sequestration, energy efficiency) covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of UK voluntary carbon credit market databook

  • Our clientele includes a mix of voluntary carbon credit market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 voluntary carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into UK voluntary carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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UK voluntary carbon credit market size, by project, 2018-2030 (US$M)

UK Voluntary Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)

UK voluntary carbon credit market size, by project, 2018-2030 (US$M)

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