Carbon Credits Market Size Predicted to Expand at 17.8% CAGR Through 2034
Carbon Credits Market Overview
The carbon credits market is set for tremendous expansion, with a projected CAGR of 17.8% between 2024 and 2034, leading to an anticipated market value of USD 2436.2 billion.
Market Segmentation
- By Type:
- Compliance Market
- Voluntary Market
- By Project Type:
- Renewable Energy
- Energy Efficiency
- Forestry
- Others
- By End-Use:
- Power
- Industrial Processes
- Transport
Key Growth Drivers
The driving forces behind this growth include the rising regulatory requirements for carbon emissions and the increasing corporate initiatives for sustainability.
Future Prospects
As investors and companies prioritize environmental impact, carbon credits will play an essential role in global markets. The shift toward renewable energy and efficient resource use is more than just a trend—it is an evolving necessity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.