PUBLISHER: Grand View Research | PRODUCT CODE: 1908514
PUBLISHER: Grand View Research | PRODUCT CODE: 1908514
The global carbon credit market size was estimated at USD 886.77 billion in 2025 and is projected to reach USD 6,129.87 billion by 2033, growing at a CAGR of 25.9% from 2026 to 2033. The demand for carbon credits has been increasing in recent years due to factors such as various government-introduced policies & regulations aimed at reducing greenhouse gas (GHG) emissions.
Companies that are subject to these regulations may need to purchase carbon credits to offset their emissions and comply with the rules. The Indian Government has passed the Energy Conservation Bill, 2022, which clears the way for establishing carbon credit markets. A combination of state-level programs and voluntary markets primarily drives the global market growth.
There are also voluntary markets in the U.S. where companies can purchase carbon credits to offset their emissions. These voluntary markets are often used by companies that want to reduce their carbon footprint but are not required to do so by regulation. Overall, the U.S. market is relatively small compared to the markets in other regions, such as Europe, but it is growing and could play a larger role in reducing GHG emissions in the future. Companies are increasingly recognizing the importance of sustainability and reducing their carbon footprint as part of their corporate social responsibility initiatives.
Global Carbon Credit Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global carbon credit market report on the basis of type, project type, end use and region.