Carbon Offset/Carbon Credit Market Size Growth Analysis; Global Market to Reach USD 2752.08 Billion by 2030

According to SNS Insider, the Carbon Offset/Carbon Credit Market had a valuation of USD 319.26 billion in 2022. It is projected to reach USD 2752.08 billion by 2030, experiencing a compound annual growth rate (CAGR) of 30.9% during the forecast period from 2023 to 2030.

Carbon offset, also known as carbon credit, is a mechanism designed to mitigate the negative environmental impact caused by the emission of greenhouse gases (GHGs) into the atmosphere. It is based on the principle that emissions from one source can be balanced by reducing emissions or removing an equivalent amount of carbon dioxide (CO2) or other GHGs from the atmosphere through environmentally friendly projects.

Key Players Covered in Carbon Offset/Carbon Credit market report are: 3Degrees, Finite Carbon, South Pole Group, EKI Energy Service Limited, Terrapass, Carbon Credit Capital, CarbonBetter, Carbon Care Asia Limited, NativeEnergy, Climate Trade, and other

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Market Analysis

The carbon offset/carbon credit market is driven by several key factors that have gained significant attention and momentum in recent years. The urgent need to mitigate climate change is a significant driver of the carbon offset market. Governments, organizations, and individuals recognize the importance of reducing greenhouse gas (GHG) emissions to limit global warming and its adverse impacts. Carbon offsets and credits provide a mechanism to achieve emission reductions beyond direct mitigation efforts, encouraging investment in renewable energy, energy efficiency, and other sustainable projects.

Impact of Recession

While economic recessions can introduce challenges for the carbon offset/carbon credit market, they also present an opportunity for adaptation and growth. The impacts of a recession on this market are multifaceted, ranging from reduced business activity and market oversupply to potential policy uncertainty and shifts in corporate sustainability strategies. However, the extent and duration of these effects will depend on various factors, including the severity of the recession, government actions, and the resilience of the sustainability sector. By recognizing these dynamics and adapting strategies accordingly, stakeholders can navigate through the recession while continuing to drive progress towards a low-carbon future.

Segmentation Analysis

As the global demand for carbon offsets and credits continues to grow, the Energy Segment and Removal Project (ESRP) has emerged as a dominant force in the carbon offset/carbon credit market. ESRP's comprehensive approach, leveraging renewable energy investments and carbon removal initiatives, sets it apart from other projects. With its focus on technological advancements, strategic partnerships, and unwavering commitment to transparency, ESRP is well-positioned to shape the future of carbon offsetting and contribute significantly to global efforts in combating climate change.

Carbon Offset/Carbon Credit Market Segmentation as Follows:

By Type:

• Voluntary Market
• Compliance Market

By Project Type:

• Removal Project
• Avoidance/Reduction projects

By End-user:

• Energy
• Transportation
• Aviation
• Power
• Buildings
• Industrial
• Others

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Regional Status & Analysis

The increasing dominance of Asia Pacific in the carbon offset/carbon credit market has several potential implications. Firstly, it positions the region as a key player in global climate negotiations, enabling it to influence discussions and shape international climate policies. Secondly, the revenue generated from carbon credit sales can be reinvested in renewable energy infrastructure and sustainable development projects, promoting economic growth and environmental sustainability simultaneously.

Conclusion

The market holds promising prospects for the future as the world intensifies its efforts to combat climate change. With increasing demand for carbon neutrality, supportive government policies, technological innovations, corporate responsibility, and international cooperation, the market is expected to witness substantial growth. As stakeholders across sectors recognize the importance of offsetting emissions, the carbon offset/credit market will continue to play a significant role in achieving a sustainable and low-carbon future.

Frequently Asked Questions/ Key Reasons to Purchase this Report

What is the projected outlook for carbon offset/carbon credit market growth?

• The market is projected to surpass USD 2752.08 billion by the year 2030.

What are the major factors influencing the carbon offset/carbon credit market?

• By investing in carbon offsets and credits, companies can enhance their reputation, differentiate themselves from competitors, and appeal to environmentally conscious consumers.

Who are the leading players in the carbon offset/carbon credit market?

• 3Degrees, EKI Energy Service Limited, Finite Carbon, South Pole Group, Terrapass, Carbon Care Asia Limited, NativeEnergy, Carbon Credit Capital, CarbonBetter, Climate Trade.

Table of Content

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 Market Dynamics

Chapter 4. Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)

Chapter 5 Value Chain Analysis

Chapter 6 Porter’s 5 forces model

Chapter 7 PEST Analysis

Chapter 8 Carbon Offset/Carbon Credit Market Segmentation, By Type

Chapter 9 Carbon Offset/Carbon Credit Market Segmentation, By Project Type

Chapter 10 Carbon Offset/Carbon Credit Market Segmentation, By End-users

Chapter 11 Regional Analysis

Chapter 12 Company profile

Chapter 13 Competitive Landscape

Chapter 14 Use Case and Best Practices

Chapter 15 Conclusion

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