Carbon Credit Market Summary
The global carbon credit market size was estimated at USD 886.77 billion in 2025 and is projected to reach USD 6,129.87 billion by 2033, growing at a CAGR of 25.9% from 2026 to 2033. The demand for carbon credits has been increasing in recent years due to factors such as various government-introduced policies & regulations aimed at reducing greenhouse gas (GHG) emissions.
Companies that are subject to these regulations may need to purchase carbon credits to offset their emissions and comply with the rules. The Indian Government has passed the Energy Conservation Bill, 2022, which clears the way for establishing carbon credit markets. A combination of state-level programs and voluntary markets primarily drives the global market growth.
There are also voluntary markets in the U.S. where companies can purchase carbon credits to offset their emissions. These voluntary markets are often used by companies that want to reduce their carbon footprint but are not required to do so by regulation. Overall, the U.S. market is relatively small compared to the markets in other regions, such as Europe, but it is growing and could play a larger role in reducing GHG emissions in the future. Companies are increasingly recognizing the importance of sustainability and reducing their carbon footprint as part of their corporate social responsibility initiatives.
Global Carbon Credit Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global carbon credit market report on the basis of type, project type, end use and region.
- Type (Revenue, USD Million, 2021 - 2033)
- Compliance
- Voluntary
- Project Type Outlook (Revenue, USD Million, 2021 - 2033)
- Avoidance/Reduction Projects
- Removal/Sequestration Projects
- Nature based
- Technology based
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Power
- Energy
- Aviation
- Transportation
- Buildings
- Industrial
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Carbon Credit Market: Type Estimates & Trend Analysis
- 4.1. Carbon Credit Market: Type Movement Analysis, 2025 & 2033
- 4.2. Compliance
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.3. Voluntary
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 5. Carbon Credit Market: Project Type Estimates & Trend Analysis
- 5.1. Carbon Credit Market: Project Type Movement Analysis, 2025 & 2033
- 5.2. Avoidance / Reduction projects
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.3. Removal / Sequestration projects
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.3.1.1. Nature based
- 5.3.1.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.3.1.2. Technology based
- 5.3.1.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 6. Carbon Credit Market: End Use Estimates & Trend Analysis
- 6.1. Carbon Credit Market: Project Type Movement Analysis, 2025 & 2033
- 6.2. Power
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.3. Energy
- 6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4. Aviation
- 6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.5. Transportation
- 6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.6. Buildings
- 6.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.7. Avoidance/Reduction Projects
- 6.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.8. Others
- 6.8.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 7. Carbon Credit Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2025 & 2033
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.2.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.2.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.2.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.2.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.2.5.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.2.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.2.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.2.6.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.2.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.2.7.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.2.7.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.2.7.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.3.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3.4. Germany
- 7.3.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.4.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.4.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3.5. UK
- 7.3.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.5.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.6.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.7.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.7.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.7.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.8.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.8.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.8.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3.9. The Netherlands
- 7.3.9.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.9.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.9.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.9.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.3.10. Sweden
- 7.3.10.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.3.10.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.3.10.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.3.10.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.4.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.4.3.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.4.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.4.4.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.4.4.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.4.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.4.5.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.4.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.4.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.4.6.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.4.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.4.7. South Korea
- 7.4.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.4.7.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.4.7.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.4.7.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.4.8. Australia
- 7.4.8.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.4.8.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.4.8.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.4.8.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.5.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.5.3.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.5.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.5.4.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.5.4.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.6.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.6.5.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.6.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Million)
- 7.6.6.3. Market estimates and forecasts, by project type, 2021 - 2033 (USD Million)
- 7.6.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments By Key Market Participants
- 8.2. Company Categorization
- 8.3. List of Key Component Suppliers & Channel Partners
- 8.4. Company Market Share & Positioning Analysis, 2025
- 8.5. Heat Map Analysis
- 8.6. Vendor Landscape
- 8.6.1. List of Raw Material Suppliers
- 8.6.2. List of Distributors/Traders
- 8.6.3. List of Other Prominent Manufacturers
- 8.7. List of Prospective End Users
- 8.8. Strategy Mapping
- 8.9. Company Profiles/Listing
- 8.9.1. 3Degrees Group, Inc.
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.2. Carbon Care Asia Ltd.
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.3. CarbonBetter
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.4. ClearSky Climate Solutions
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.5. EKI Energy Services Ltd.
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.6. Finite Carbon
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.7. NativeEnergy
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.8. South Pole Group
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.9. Torrent Power Ltd.
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.10. WGL Holdings Inc.
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking