North America Carbon Credit Market Size - By Type, By End Use & Forecast, 2023

Description

List of Tables

North America carbon credit market size is projected to expand at over 14.8% CAGR from 2023 to 2032, due to the increasing emphasis on sustainable practices and corporate environmental responsibility across the globe. The surging government support, such as the Biden administration's commitment to combating climate change is making way for the rise in offset projects, including reforestation and renewable energy initiatives.

Additionally, the commitments set by numerous corporations for net-zero goals and seeking carbon neutrality will further boost the product demand. For instance, in October 2023, Verra unveiled a new Afforestation, Reforestation, and Revegetation (ARR) methodology as part of its Verified Carbon Standard (VCS) Program. The increasing efforts by investors towards offsetting their carbon footprint and the growing awareness of consumers about the environmental impacts of businesses will further augment the regional market outlook.

The North America carbon credit market is segregated based on type, end-use, and region.

Based on type, the industry share from the voluntary segment is projected to depict appreciable CAGR from 2023 to 2032. The growth can be attributed to the higher corporate support to sustainability, rising awareness among consumers, and the surging desire for businesses to proactively address their environmental impact. The burgeoning demand for voluntary carbon credits with multiple companies seeking to achieve carbon neutrality and support eco-friendly initiatives will also add to the segment expansion.

The agriculture end-use segment of the North America carbon credit industry is estimated to accumulate sizeable share through 2032, driven by the increasing adoption of sustainable farming practices and influx of soil carbon sequestration initiatives. The soaring emphasis on the utilization of carbon offsetting agriculture methods will also boost the segment growth.

Regionally, the Mexico carbon credit industry is slated to expand at substantial CAGR during 2023-2032, driven by the increased awareness of environmental sustainability. The growing governmental initiatives for promoting carbon reduction is adding to the participation of businesses in carbon offset projects. Moreover, the rising interest in mitigating climate change impacts and achieving carbon neutrality will supplement the regional market growth.

Product Code: 7243

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 North America Carbon Credit Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor matrix
2.2 Regulatory landscape
2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls & challenges
2.4 Impact of COVID- 19 on industry
2.5 Growth potential analysis
2.6 Porter's Analysis
- 2.6.1 Bargaining power of suppliers
- 2.6.2 Bargaining power of buyers
- 2.6.3 Threat of new entrants
- 2.6.4 Threat of substitutes
2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Innovation & sustainability landscape
3.2 Competitive landscape, 2023
- 3.2.1 Strategic dashboard

Chapter 4 North America Carbon Credit Market, By Type (USD Million)

4.1 Key type trends
4.2 Voluntary
4.3 Compliance

Chapter 5 North America Carbon Credit Market, By End Use (USD Million)

5.1 Key end use trends
5.2 Agriculture
5.3 Carbon Capture & Storage
5.4 Chemical Process
5.5 Energy efficiency
5.6 Industrial
5.7 Forestry & Land Use
5.8 Renewable Energy
5.9 Transportation
5.10 Waste Management
5.11 Others

Chapter 6 North America Carbon Credit Market, By Country (USD Million)

6.1 Key country trends
6.2 U.S.
6.3 Canada
6.4 Mexico

Chapter 7 Company Profiles

7.1 3Degrees
7.2 VERRA
7.3 TerraPass
7.4 Anew Climate, LLC
7.5 The Nature Conservancy
7.6 Carbon Credit Capital, LLC.
7.7 Silicon Valley Clean Energy
7.8 EcoAct
7.9 ClimeCo LLC.
7.10 PwC
7.11 Ecosecurities
7.12 Sterling Planet Inc.
7.13 WGL Holdings, Inc.
7.14 Green Mountain Energy Company
7.15 Carbonzero
7.16 DUCKS UNLIMITED