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Carbon Credit Market Share

Report ID: GMI7048
Published Date: Oct 2023
Report Format: PDF

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Carbon Credit Market Share

Stakeholders in the market often focus on other performance indicators, such as the number of certified projects, the volume of credits issued, the impact of projects on emissions reductions, and the adoption of high-quality standards like the Verified Carbon Standard (VCS) and the Gold Standard. Moreover, market participants, including project developers and brokers, may have their own estimates of their share of the market based on the projects they manage and the volume of credits they transact. Eminent players across the industry are focusing on various strategic assets comprising innovative system range, merger & acquisition, robust research & development activities as a part of their strategic initiatives.

Prominent industry players operating across carbon credit market include:

The Carbon Trust
Climate Impact Partners
South Pole
3Degrees
VERRA
TerraPass
CarbonClear
PwC
EcoAct
ClimeCo LLC.
Ecosecurities
ALLCOT
Atmosfair
The Carbon Collective Company
Sterling Planet Inc.
WGL Holdings, Inc.
Green Mountain Energy Company

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market valuation of carbon credit was surpassed USD 103.8 billion in 2023 and is expected to expand at over 14.8% CAGR from 2024 to 2032, driven by the expansion of carbon pricing mechanisms and the growing need for corporate sustainability initiatives, supported by favorable government policies.

Compliance carbon credit or carbon offset market is poised to expand at over 13.5% CAGR from 2023 to 2032, owing to the rising commitment of organizations to carbon neutrality along with voluntary pledges and mandatory compliance mandates.

Europe held over 76.1% share of the carbon credit industry in 2022 and is expected to grow at notable CAGR from 2023 to 2032, driven by the combination of regulatory measures, corporate commitment, and public pressure to promote carbon neutrality in the region.

Some leading carbon credit firms are The Carbon Trust, Climate Impact Partners, South Pole, 3Degrees, VERRA, TerraPass, CarbonClear, PwC, EcoAct, ClimeCo LLC., Ecosecurities, ALLCOT, The Carbon Collective Company, Sterling Planet Inc., WGL Holdings, Inc., and Green Mountain Energy Company.