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North America Carbon Credit Market Size
The North America carbon credit market was valued at USD 20 billion in 2024 and is estimated to grow at a CAGR of 15.8% from 2025 to 2034. The market is witnessing dynamic growth fueled by the increasing integration of sustainability objectives into corporate strategies and the growing recognition of carbon credits as a vital tool for achieving net-zero emissions. Businesses across various industries are leveraging both compliance and voluntary carbon markets to offset emissions, demonstrating a proactive approach to climate accountability.
The rising demand for high-quality and verified carbon credits is driving innovation in project development with a notable focus on renewable energy, reforestation, and advanced carbon capture and storage technologies. The integration of digital tools, such as blockchain and AI is enhancing transparency, streamlining trading processes, and ensuring robust traceability in credit transactions. Companies are increasingly adopting internal carbon pricing mechanisms to embed the cost of emissions into financial decision-making, incentivizing operational efficiencies and fostering a culture of sustainability.
What is the market share of forestry and land use in the North America carbon credit industry?
The forestry and land use segment is expected to grow at a CAGR of over 15.5% by 2034, driven by the rising adoption of afforestation and reforestation projects that integrate carbon sequestration with biodiversity conservation and ecosystem restoration.
How big is the North America carbon credit market?
The North America market size for carbon credit was valued at USD 20 billion in 2024 and is projected to reach USD 82.8 billion by 2034, driven by a CAGR of 15.8% during the forecast period, fueled by increasing corporate sustainability initiatives and the adoption of carbon credits for net-zero goals.
How big is the U.S. carbon credit market?
The U.S. carbon credit market is projected to exceed USD 30 billion by 2034, driven by growing corporate sustainability efforts, the adoption of voluntary offset mechanisms, and advancements in technologies like blockchain and AI for enhanced transparency.
Who are the major players in the North America carbon credit market?
Key players in the market include 3Degrees, Carbon Collective, Carbon Clean, Climeworks, CarbonCure Technologies, Conservation International, Enel X, Green Mountain Energy, WGL Holdings, Sterling Planet, South Pole, Terrapass, The Nature Conservancy, and Xpansiv.