The global Carbon Offset market size was valued at US$ 414.80 billion in 2023 and is expected to reach US$ 2,850.62 billion by 2030, grow at a compound annual growth rate (CAGR) of 31.7% from 2023 to 2030
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 414.80 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
31.70% |
2030 Value Projection: |
US$ 2,850.62 Bn |
Carbon offsetting, a vital component of environmental sustainability, aims to neutralize carbon emissions by investing in projects that reduce or remove an equivalent amount of carbon dioxide from the atmosphere. As concerns about climate change intensify, businesses and individuals are turning to carbon offset programs to counterbalance their carbon footprint. These initiatives range from reforestation and renewable energy projects to methane capture and carbon capture technologies.
Market Dynamics:
Regulatory initiatives, corporate sustainability goals and emission reduction targets is anticipated to drive growth of the global carbon offset market over the forecast period. Moreover, voluntary carbon markets is also expected to boost the growth of the global carbon offset market over the forecast period. Innovative project development, urban carbon solutions, supply chain sustainability and eco-tourism and conservation are expected to create growth opportunities for the global carbon offset market during the forecast period.
However, quality and additionally, verification and transparency and lack of standardization are expected to hamper growth of the Carbon Offset market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the Carbon Offset market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the Carbon Offset market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 3Degrees Inc., NativeEnergy, ClimatePartner, Carbon Credit Capital, Terrapass, Renewable Choice Energy, Gold Standard, Offsetters, South Pole Group, Veridium, Cool Effect, ClimateCare, MyClimate, Forest Carbon, Verified Carbon Standard.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The Carbon Offset market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Carbon Offset market
Detailed Segmentation:
- Global Carbon Offset Market, By Project Type:
- Renewable Energy
- Reforestation and Afforestation
- Methane Capture
- Energy Efficiency
- Land Use and Agriculture
- Avoided Deforestation
- Carbon Capture and Storage (CCS)
- Global Carbon Offset Market, By Geographical Location:
- Residential or Country-Specific
- International
- Global Carbon Offset Market, By Carbon Offset Standards:
- Verified Carbon Standard (VCS)
- Gold Standard
- Global Carbon Offset Market, By Industry Sectors:
- Energy and Power Generation
- Forestry and Agriculture
- Waste Management
- Industrial Processes
- Global Carbon Offset Market, By Carbon Offset Mechanisms:
- Cap-and-Trade
- Voluntary Offsets
- Global Carbon Offset Market, By Market Participants:
- Business and Corporation
- Individuals and Consumers
- Governments and Institutions
- Global Carbon Offset Market, By Offset Credit Types:
- Carbon Removal Offsets
- Emission Reduction Offsets
- Global Carbon Offset Market, By Project Scale:
- Global Carbon Offset Market, By Offset Project Duration:
- Global Carbon Offset Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profile:
- 3Degrees Inc.
- NativeEnergy
- ClimatePartner
- Carbon Credit Capital
- Terrapass
- Renewable Choice Energy
- Gold Standard
- Offsetters
- South Pole Group
- Veridium
- Cool Effect
- ClimateCare
- MyClimate
- Forest Carbon
- Verified Carbon Standard