Carbon Credit Market Size

Carbon Credit Market size was over USD 119.6 billion in 2024 and is estimated to reach USD 639.8 billion by the end of 2037, expanding at a CAGR of 15% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of carbon credit is evaluated at USD 137.5 billion. Increasing revenue from carbon trading is influencing this industry to boom and enlarge. According to the World Bank, the carbon pricing revenue reached over USD 104 billion by 2023. This further encourages to establishment of more crediting frameworks. Increased profit from these offset industries is also encouraging other private organizations to invest.

Sustainability goals set by corporations and other financial institutions have driven the inflating number of credit purchases. Many corporate and financial institutions are investing in the carbon credit market, considering it to be an asset. This further enables easier access for participants by creating new investment fields. They are also showing interest in crediting as a part of their ESG Strategies while meeting emission targets.  For instance, in October 2024, CFC partnered with BACX and Lockton to launch the first exchange crediting trade in Latin America. The leading insurance provider sees this collaboration as an investment to ensure transaction security with voluntary carbon credits.