Renewable Energy Carbon Credit Industry Report 2025: Market To Grow At A CAGR Of 16.2% By 2033, Fueled By The Rising Need For Decarbonization, Corporate Commitments, And Use Of Recs And Carbon Offsets
Dublin, Nov. 20, 2025 (GLOBE NEWSWIRE) -- The "Renewable Energy Carbon Credit Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2025-2033" report has been added to ResearchAndMarkets's offering.
The global renewable energy carbon credit market is projected to grow at a CAGR of 16.2% from 2025 to 2033, fueled by the rising need for decarbonization, corporate net-zero commitments, and the increasing use of renewable energy certificates (RECs) and carbon offsets.
This study report represents an analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The 2024 market was shaped by a mix of carbon credit developers, brokers, and consulting firms. South Pole, Climate Impact Partners, ALLCOT, and Atmosfair are leading providers of renewable energy carbon offsets and sustainability solutions. 3Degrees, TerraPass, and Sterling Planet Inc. focus on renewable energy certificates (RECs) and corporate partnerships.
Carbon Credit Capital, LLC., Carbon Direct, and Native Energy specialize in voluntary carbon solutions for SMEs and enterprises. PwC, The Carbon Trust, and EcoAct leverage consulting expertise to integrate carbon credits into ESG and net-zero strategies.
Innovators such as CarbonClear, Carbon Better, Ecosecurities, WayCarbon, and The Carbon Collective Company are building digital and transparent carbon credit platforms. Competitive strategies emphasize credibility, scalability, integration with ESG reporting, and alignment with global climate frameworks.
Growing Adoption of Carbon Credits for Climate Goals
The demand for renewable energy carbon credits is surging as companies and governments work toward ambitious climate targets. Corporations across diverse industries are purchasing credits to offset emissions they cannot directly reduce, particularly in hard-to-abate sectors.
The voluntary carbon market (VCM) is gaining traction as businesses commit to carbon neutrality, while compliance markets remain strong under regulatory frameworks such as the EU Emissions Trading System (EU ETS), the California Cap-and-Trade Program, and emerging schemes in Asia. Blockchain-enabled registries and improved transparency tools are also enhancing credibility and investor confidence.
Challenges: Market Transparency and Price Volatility
Despite rapid growth, the market faces challenges including inconsistent verification standards, price volatility, and concerns about the quality and additionality of carbon credits. Lack of harmonization between voluntary and compliance systems can create market fragmentation, while reputational risks from greenwashing allegations hinder participation.
However, stronger governance mechanisms, international frameworks (e.g., Article 6 of the Paris Agreement), and third-party verification are improving accountability and stabilizing market growth.
Market Segmentation by Type
By type, the market is divided into voluntary and compliance carbon credits. The voluntary carbon market (VCM) is expanding rapidly as corporations seek flexible options to achieve net-zero and ESG goals, with renewable energy projects being a preferred credit source.
The compliance segment continues to dominate in value, supported by government-mandated programs requiring industries to cap and offset emissions. Both segments are expected to grow synergistically, driven by international climate policy and corporate sustainability agendas.
Regional Insights
In 2024, Europe led the renewable energy carbon credit market due to its strong compliance frameworks under the EU ETS and leadership in renewable energy deployment. North America followed, with significant demand from the U.S. and Canada under cap-and-trade systems and voluntary commitments from large corporations.
Asia-Pacific is the fastest-growing region, fueled by renewable project expansion in China, India, and Southeast Asia, alongside emerging compliance markets in South Korea and Japan. Latin America and Middle East & Africa (MEA) are gaining momentum as renewable energy capacity rises and carbon offset projects attract international buyers.
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Renewable Energy Carbon Credit market? What are the key investment pockets concerning product segments and geographies currently and during the forecast period? Estimated forecast and market projections up to 2033. Which segment accounts for the fastest CAGR during the forecast period? Which market segment holds a larger market share and why? Are low and middle-income economies investing in the Renewable Energy Carbon Credit market? Which is the largest regional market for Renewable Energy Carbon Credit market? What are the market trends and dynamics in emerging markets such as Asia-Pacific, Latin America, and Middle East & Africa? Which are the key trends driving Renewable Energy Carbon Credit market growth? Who are the key competitors and what are their key strategies to enhance their market presence in the Renewable Energy Carbon Credit market worldwide?
Renewable Energy Carbon Credit Market: Macro Analysis & Market Dynamics
- Global Renewable Energy Carbon Credit Market Value, 2023-2033, (US$ Million) Market Dynamics Market Drivers Market Restraints Key Challenges Key Opportunities Impact Analysis of Drivers and Restraints Porter's Five Force Model PESTEL Analysis
Company Profiles: Company Overview, Financial Performance, Product Portfolio, Strategic Initiatives
- Atmosfair ALLCOT Carbon Better Carbon Credit Capital, LLC. Carbon Direct ClimeCo LLC. Climate Impact Partners CarbonClear Ecosecurities EcoAct Green Mountain Energy Company Native Energy PwC Sterling Planet Inc. South Pole The Carbon Trust The Carbon Collective Company
Market Segmentation
- Type
- Voluntary Compliance
Regional Segmentation (2023-2033; US$ Million)
- North America
- U.S. Canada Rest of North America
- UK Germany Spain Italy France Rest of Europe
- China Japan India Australia South Korea Rest of Asia-Pacific
- Brazil Mexico Rest of Latin America
- GCC Africa Rest of Middle East and Africa
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