Carbon Offset/Carbon Credit Market by Type (Voluntary Market, Compliance Market), Project Type, End-User and Region

Description

The global carbon offset/carbon credit market is estimated to grow from USD 414.8 Billion in 2023 to USD 1,602.7 Billion by 2028; it is expected to record a CAGR of 31.0% during the forecast period. Increasing investments in carbon capture technologies and solutions along with the rise in projects that are helping communities and creating social impact, is expected to drive the market.

"EU ETS: The largest segment of the carbon offset/carbon credit compliance market, by type "

Based on type, the carbon offset/carbon credit market has been categorized into the voluntary market and the compliance market. The compliance market, on the other hand, has been sub segmented into EU ETS (Emission Trading Scheme), California Cap and Trade, and others. The EU ETS is a cap-and-trade system i.e., organizations are only allowed to emit a certain amount of emissions, and they can trade allowances (EUAs), the ETS equivalent to carbon credits, with each other.

"Avoidance/Removal projects segment is expected to emerge as the largest segment based on project type"

Avoidance offset are generated from activities that reduce emissions by preventing their release into the atmosphere. Carbon avoidance via direct carbon reduction measures directly reduce carbon footprint. Carbon avoidance via carbon offsets and direct carbon reduction measures improves air quality, protects ecosystems, and aids in climate change mitigation. The effectiveness of carbon avoidance depends on the type of project and reliability to execute. Carbon avoidance via direct carbon reduction measures is effective because it cuts emissions at their source.

"By End-User, the Transportation segment is expected to be the fastest growing market during the forecast period."

Based on end-user, the transportation segment is expected to be the fastest-growing segment during the forecast period. Reducing transport emissions is a priority for some of the governments worldwide. Motor vehicles accounted for a tremendously large share in the CO2 emissions from transportation. Personal vehicles and commercial trucks averaged more CO2 emissions per passenger mile or ton-mile than most other modes of transportation. Hence, the market is expected to grow significantly during the forecast period.

Europe is expected to be the second fastest-growing region in the carbon offset/carbon credit market

Europe is expected to be the second fastest region in the carbon offset/carbon credit market during the forecast period. The market growth in Europe can be attributed to the rising focus on decarbonization with the increased investments in green technologies in the region. Also, pledges such as carbon-free-world in countries such as Norway, Iceland, Ireland, Switzerland, Sweden, and Denmark act as a driving force for the European carbon offset/carbon credit market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 40%, Tier 2- 35%, and Tier 3- 25%

By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%

By Region: North America- 10%, Asia Pacific- 60%, Europe- 15%, RoW- 15%

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The carbon offset/carbon credit market is dominated by a few major players that have a wide regional presence. The leading players in the carbon offset/carbon credit market are South Pole Group (Switzerland), 3Degrees (US), Finite Carbon (US), EKI Energy Services Ltd. (India), and NativeEnergy (US).

Research Coverage:

The report defines, describes, and forecasts the global carbon offset/carbon credit market, by type, project type, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the carbon offset/carbon credit market.

Key Benefits of Buying the Report

High rate of adoption of carbon emission reduction strategies and execution of decarbonization initiatives to tackle climate change is a major driver for the carbon offset/carbon credit market.
Product Development/ Innovation: New projects have been developed and the companies can now invest in a bundle of different projects apart from single projects as these projects help generate multiple climate, social, and biodiversity benefits.
Market Development: The demand for quality carbon offset is high throughout due to the strong willingness of businesses to act on climate change and reduce their carbon emission to achieve the net zero targets. Project developers create and monetize carbon credits from a variety of activities, mostly nature based solutions such as forest conservation and afforestation. There is growing interest in offset credits generated from removal technologies such as direct air capture (DAC), carbon capture and storage (CCS), and bioenergy with carbon capture and storage (BECCS).
Market Diversification: South Pole Group developed solutions to bring climate action which means to reduce the greenhouse emission of every business. The companies are working towards calculation, compensation, and understanding the reduction of carbon footprint.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like South Pole Group (Switzerland), 3Degrees (US), Finite Carbon (US), EKI Energy Services Ltd. (India), and NativeEnergy (US) among others in the carbon offset/carbon credit market.

Product Code: EP 8607

1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
- TABLE 1 CARBON OFFSETS MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS
- TABLE 2 CARBON OFFSETS MARKET, BY PROJECT TYPE: INCLUSIONS AND EXCLUSIONS
- TABLE 3 CARBON OFFSETS MARKET, BY END-USER: INCLUSIONS AND EXCLUSIONS
- TABLE 4 CARBON OFFSETS MARKET, BY REGION: INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
- 1.4.1 CARBON OFFSETS MARKET SEGMENTATION
- 1.4.2 GEOGRAPHIC SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 RECESSION IMPACT

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
- FIGURE 1 CARBON OFFSETS MARKET: RESEARCH DESIGN
2.2 DATA TRIANGULATION
- FIGURE 2 DATA TRIANGULATION
- 2.2.1 SECONDARY DATA
  - 2.2.1.1 Key data from secondary sources
- 2.2.2 PRIMARY DATA
  - 2.2.2.1 Breakdown of primaries
  - 2.2.2.2 Key data from primary sources
- FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
- FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR CARBON OFFSETS
2.3 MARKET SIZE ESTIMATION
- 2.3.1 BOTTOM-UP APPROACH
- FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
- 2.3.2 TOP-DOWN APPROACH
- FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
- 2.3.3 DEMAND-SIDE ANALYSIS
  - 2.3.3.1 Regional analysis
  - 2.3.3.2 Country analysis
  - 2.3.3.3 Demand-side assumptions
  - 2.3.3.4 Demand-side calculations
- 2.3.4 FORECAST
- 2.3.5 IMPACT OF RECESSION

3 EXECUTIVE SUMMARY

TABLE 5 CARBON OFFSETS MARKET SNAPSHOT
FIGURE 7 EUROPE DOMINATED CARBON OFFSETS MARKET, IN TERMS OF SHARE, IN 2022
FIGURE 8 COMPLIANCE MARKET TO HOLD LARGER SHARE OF CARBON OFFSETS MARKET, BY TYPE, FROM 2023 TO 2028
FIGURE 9 AVOIDANCE/REDUCTION PROJECTS TO HOLD LARGER MARKET SHARE, BY PROJECT TYPE, THROUGHOUT FORECAST PERIOD
FIGURE 10 POWER SEGMENT TO HOLD LARGEST SHARE OF CARBON OFFSETS MARKET, BY END-USER, THROUGHOUT FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN CARBON OFFSETS MARKET
- FIGURE 11 INCREASING FOCUS ON NET-ZERO TARGETS TO DRIVE MARKET FOR CARBON OFFSETS BETWEEN 2023 AND 2028
4.2 CARBON OFFSETS MARKET, BY REGION
- FIGURE 12 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN CARBON OFFSETS MARKET DURING FORECAST PERIOD
4.3 EUROPE: CARBON OFFSETS MARKET, BY TYPE AND COUNTRY, 2022
- FIGURE 13 COMPLIANCE MARKET AND GERMANY TO BE LARGEST SHAREHOLDERS IN EUROPEAN MARKET IN 2022
4.4 CARBON OFFSETS MARKET, BY TYPE
- FIGURE 14 COMPLIANCE MARKET TO ACCOUNT FOR LARGER SHARE IN CARBON OFFSETS MARKET IN 2028
4.5 CARBON OFFSETS MARKET, BY PROJECT TYPE
- FIGURE 15 AVOIDANCE/REDUCTION PROJECTS TO ACCOUNT FOR LARGER MARKET SHARE THAN REMOVAL/SEQUESTRATION PROJECTS IN 2028
4.6 CARBON OFFSETS MARKET, BY END-USER
- FIGURE 16 POWER SEGMENT TO DOMINATE CARBON OFFSETS MARKET, BY END-USER, IN 2028

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
- FIGURE 17 MARKET DYNAMICS FOR CARBON OFFSETS MARKET
- 5.2.1 DRIVERS
  - 5.2.1.1 Growing need to reduce global warming and carbon emissions
- FIGURE 18 GLOBAL ENERGY-RELATED CO2 EMISSIONS, 2010 TO 2021
  - 5.2.1.2 Rise in partial use of carbon credits by companies
- FIGURE 19 ANNUAL INVESTMENTS IN CLEAN ENERGY, ENERGY EFFICIENCY, AND INFRASTRUCTURE PROJECTS (USD BILLION)
  - 5.2.1.3 Increasing investments in carbon capture technologies
- TABLE 6 SELECTED INVESTMENTS IN CARBON FOOTPRINT
- 5.2.2 RESTRAINTS
  - 5.2.2.1 Restoration of carbon emissions from one location to another
- 5.2.3 OPPORTUNITIES
  - 5.2.3.1 Increasing number of regulatory requirements and industry association standards
- TABLE 7 STATUS AND SECTORS COVERED IN EMISSION TRADING SCHEMES WORLDWIDE, 2021
- TABLE 8 CREDITS ISSUED, REGISTERED ACTIVITIES, AVERAGE 2021 PRICE, COVERED BY CREDITING MECHANISMS
  - 5.2.3.2 Rising financial support to local communities
- 5.2.4 CHALLENGES
  - 5.2.4.1 Fluctuating prices of carbon credits
- FIGURE 20 GLOBAL CARBON MARKET ANNUAL TRADING VALUE, 2012-2021 (USD BILLION)
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR CARBON OFFSET/CREDIT PROVIDERS
- FIGURE 21 REVENUE SHIFT FOR CARBON OFFSET PROVIDERS
5.4 TECHNOLOGY ANALYSIS
- 5.4.1 BLOCKCHAIN-LED PROJECT INITIATIVES
5.5 MARKET MAP
- FIGURE 22 MARKET MAP: CARBON OFFSETS MARKET
- TABLE 9 CARBON OFFSETS MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.6 VALUE CHAIN ANALYSIS
- FIGURE 23 CARBON OFFSETS MARKET: VALUE CHAIN ANALYSIS
- 5.6.1 OFFSET PRODUCERS
- 5.6.2 PROJECT DEVELOPERS/THIRD-PARTY ORGANIZATIONS
- 5.6.3 BROKERS/EXCHANGE PARTNERS
- 5.6.4 END-USERS/CARBON EMITTERS
5.7 PRICING ANALYSIS
- 5.7.1 AVERAGE SELLING PRICE OF CARBON CREDITS, BY TYPE
- TABLE 10 AVERAGE SELLING PRICE OF CARBON CREDITS, 2021 (USD/TON)
- TABLE 11 REGION-WISE AVERAGE SELLING PRICE RANGE OF CARBON CREDITS, BY TYPE, 2021 (USD/TON)
- FIGURE 24 AVERAGE SELLING PRICE OF CARBON CREDIT TYPES, BY REGION
5.8 KEY CONFERENCES AND EVENTS, 2023-2024
- TABLE 12 CARBON OFFSETS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
- 5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 16 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.8.2 CODES AND REGULATIONS RELATED TO CARBON OFFSETS MARKET
- TABLE 17 CARBON OFFSETS MARKET: CODES AND REGULATIONS
- 5.8.3 STANDARDS RELATED TO CARBON OFFSETS
- TABLE 18 CARBON OFFSETS MARKET: STANDARDS
5.9 INNOVATIONS AND PATENT REGISTRATIONS
- TABLE 19 CARBON OFFSETS MARKET: INNOVATIONS AND PATENT REGISTRATIONS, JANUARY 2020-DECEMBER 2021
5.10 PORTER'S FIVE FORCES ANALYSIS
- FIGURE 25 CARBON OFFSETS MARKET: PORTER'S FIVE FORCES ANALYSIS
- TABLE 20 CARBON OFFSETS MARKET: PORTER'S FIVE FORCES ANALYSIS
- 5.10.1 THREAT OF SUBSTITUTES
- 5.10.2 BARGAINING POWER OF SUPPLIERS
- 5.10.3 BARGAINING POWER OF BUYERS
- 5.10.4 THREAT OF NEW ENTRANTS
- 5.10.5 INTENSITY OF COMPETITIVE RIVALRY
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
- FIGURE 26 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USERS
- TABLE 21 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USERS
5.12 BUYING CRITERIA
- FIGURE 27 KEY BUYING CRITERIA FOR TOP 3 END-USERS
- TABLE 22 KEY BUYING CRITERIA FOR TOP 3 END-USERS
5.13 CASE STUDY ANALYSIS
- 5.13.1 BANCO SABADELL TO MOVE FORWARD WITH CARBON OFFSETTING WITH CLIMATE TRADE
  - 5.13.1.1 Problem statement: 2021
  - 5.13.1.2 Solution
- 5.13.2 BEN & JERRY'S OFFSET PROVIDES SEED FUNDING FOR MORE SUSTAINABLE AGRICULTURE
  - 5.13.2.1 Problem statement: 2021
  - 5.13.2.2 Solution
- 5.13.3 VOLKSWAGEN'S COMMITMENT TO ACHIEVING CLIMATE TARGETS
  - 5.13.3.1 Problem statement: 2021
  - 5.13.3.2 Solution

6 CARBON OFFSETS MARKET, BY TYPE

6.1 INTRODUCTION
- FIGURE 28 CARBON OFFSETS MARKET, BY TYPE, 2022
- FIGURE 29 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY TYPE, 2022
- FIGURE 30 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY TYPE, 2022
- TABLE 23 CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (USD BILLION)
- TABLE 24 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (USD BILLION)
- TABLE 25 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (USD BILLION)
6.2 VOLUNTARY MARKET
- 6.2.1 REDUCING TRANSPARENCY ISSUES TO PROPEL DEMAND FOR CARBON OFFSETTING
- TABLE 26 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
- TABLE 27 VOLUNTARY MARKET: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (MILLION TONS)
- 6.2.2 FORESTRY AND LAND USE
- 6.2.3 RENEWABLE ENERGY
- 6.2.4 CHEMICAL PROCESSES/INDUSTRIAL MANUFACTURING
- 6.2.5 ENERGY EFFICIENCY/FUEL SWITCHING
- 6.2.6 OTHERS
6.3 COMPLIANCE MARKET
- 6.3.1 INCREASING GOVERNMENT REGULATIONS TO ENCOURAGE MARKET GROWTH
- TABLE 28 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
- TABLE 29 COMPLIANCE MARKET: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (MILLION TONS)
- 6.3.2 EU ETS
- 6.3.3 CALIFORNIA CAP AND TRADE
- 6.3.4 OTHERS

7 CARBON OFFSETS MARKET, BY PROJECT TYPE

7.1 INTRODUCTION
- FIGURE 31 CARBON OFFSETS MARKET, BY PROJECT TYPE, 2022
- TABLE 30 CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021-2028 (USD BILLION)
- TABLE 31 REMOVAL/SEQUESTRATION PROJECTS: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021-2028 (USD BILLION)
7.2 AVOIDANCE/REDUCTION PROJECTS
- 7.2.1 RISING NEED TO PROTECT ECOSYSTEMS AND BIODIVERSITY TO DRIVE MARKET
- TABLE 32 AVOIDANCE/REDUCTION PROJECTS: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
7.3 REMOVAL/SEQUESTRATION PROJECTS
- 7.3.1 GROWING NET ZERO TARGETS TO BOOST MARKET
- TABLE 33 REMOVAL/SEQUESTRATION PROJECTS: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
- 7.3.2 NATURE-BASED
- TABLE 34 NATURE-BASED: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
- 7.3.3 TECHNOLOGY-BASED
- TABLE 35 TECHNOLOGY-BASED: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)

8 CARBON OFFSETS MARKET, BY END-USER

8.1 INTRODUCTION
- FIGURE 32 CARBON OFFSETS MARKET, BY END-USER, 2022
- TABLE 36 CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
8.2 POWER
- 8.2.1 EXECUTION OF DECARBONIZATION INITIATIVES TO TACKLE CLIMATE CHANGE TO BOOST MARKET
- TABLE 37 POWER: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
8.3 ENERGY
- 8.3.1 COMMITMENT TO NET-ZERO CARBON EMISSIONS BY 2050 TO CREATE OPPORTUNITIES FOR VOLUNTARY CARBON CREDITS
- TABLE 38 ENERGY: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
8.4 AVIATION
- 8.4.1 IATA'S COMMITMENT TO ACHIEVE NET ZERO EMISSIONS BY 2050 TO ENCOURAGE AIRLINES TO ADOPT CARBON CREDIT TRADING PLATFORM
- TABLE 39 AVIATION: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
8.5 TRANSPORTATION
- 8.5.1 HIGH RATE OF ADOPTION OF CARBON EMISSION REDUCTION STRATEGIES TO DRIVE MARKET
- TABLE 40 TRANSPORTATION: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
8.6 BUILDINGS
- 8.6.1 INCREASING INVESTMENTS IN ENERGY EFFICIENCY TO ACCELERATE MARKET GROWTH
- TABLE 41 BUILDINGS: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
8.7 INDUSTRIAL
- 8.7.1 INCENTIVIZING GLOBAL ACTION OF REDUCING CARBON EMISSIONS TO FUEL MARKET
- TABLE 42 INDUSTRIAL: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
8.8 OTHERS
- TABLE 43 OTHERS: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)

9 CARBON OFFSETS MARKET, BY REGION

9.1 INTRODUCTION
- FIGURE 33 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN CARBON OFFSETS MARKET DURING FORECAST PERIOD
- FIGURE 34 CARBON OFFSETS MARKET, BY REGION, 2022 (%)
- TABLE 44 CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
- TABLE 45 CARBON OFFSETS MARKET, BY REGION, 2021-2028 (MILLION TONS)
9.2 EUROPE
- 9.2.1 RECESSION IMPACT ON EUROPE
- FIGURE 35 SNAPSHOT: CARBON OFFSETS MARKET IN EUROPE
- 9.2.2 BY TYPE
- TABLE 46 EUROPE: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (USD BILLION)
- TABLE 47 EUROPE: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (MILLION TONS)
- 9.2.3 BY PROJECT TYPE
- TABLE 48 EUROPE: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021-2028 (USD BILLION)
- TABLE 49 EUROPE: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021-2028 (USD BILLION)
- 9.2.4 BY END-USER
- TABLE 50 EUROPE: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
- 9.2.5 BY COUNTRY
- TABLE 51 EUROPE: CARBON OFFSETS MARKET, BY COUNTRY, 2021-2028 (USD BILLION)
  - 9.2.5.1 Germany
    - 9.2.5.1.1 Germany's commitment to ambitious climate protection targets to drive market
- TABLE 52 GERMANY: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.2.5.2 UK
    - 9.2.5.2.1 UK Emission Trading Scheme to incentivize decarbonization to boost market
- TABLE 53 UK: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.2.5.3 France
    - 9.2.5.3.1 Carbon farming practices to fuel market
- TABLE 54 FRANCE: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.2.5.4 Spain
    - 9.2.5.4.1 Emissions from large and complex refining industry to propel market
- TABLE 55 SPAIN: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.2.5.5 Rest of Europe
- TABLE 56 REST OF EUROPE: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
9.3 ASIA PACIFIC
- 9.3.1 RECESSION IMPACT ON ASIA PACIFIC
- FIGURE 36 SNAPSHOT: CARBON OFFSETS MARKET IN ASIA PACIFIC
- 9.3.2 BY TYPE
- TABLE 57 ASIA PACIFIC: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (USD BILLION)
- TABLE 58 ASIA PACIFIC: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (MILLION TONS)
- 9.3.3 BY PROJECT TYPE
- TABLE 59 ASIA PACIFIC: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021-2028 (USD BILLION)
- TABLE 60 ASIA PACIFIC: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021-2028 (USD BILLION)
- 9.3.4 BY END-USER
- TABLE 61 ASIA PACIFIC: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
- 9.3.5 BY COUNTRY
- TABLE 62 ASIA PACIFIC: CARBON OFFSETS MARKET, BY COUNTRY, 2021-2028 (USD BILLION)
  - 9.3.5.1 China
    - 9.3.5.1.1 Increasing number of low-carbon strategies to drive market
- TABLE 63 CHINA: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.3.5.2 Japan
    - 9.3.5.2.1 Growing implementation of various schemes to meet climate goals to fuel market
- TABLE 64 JAPAN: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.3.5.3 South Korea
    - 9.3.5.3.1 Rising number of free allowances to boost market
- TABLE 65 SOUTH KOREA: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.3.5.4 New Zealand
    - 9.3.5.4.1 Growing implementation of NZ ETS to aid in lowering greenhouse gas emissions
- TABLE 66 NEW ZEALAND: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.3.5.5 Rest of Asia Pacific
- TABLE 67 REST OF ASIA PACIFIC: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
9.4 NORTH AMERICA
- 9.4.1 RECESSION IMPACT ON NORTH AMERICA
- 9.4.2 BY TYPE
- TABLE 68 NORTH AMERICA: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (USD BILLION)
- TABLE 69 NORTH AMERICA: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (MILLION TONS)
- 9.4.3 BY PROJECT TYPE
- TABLE 70 NORTH AMERICA: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021-2028 (USD BILLION)
- TABLE 71 NORTH AMERICA: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021-2028 (USD BILLION)
- 9.4.4 BY END-USER
- TABLE 72 NORTH AMERICA: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
- 9.4.5 BY COUNTRY
- TABLE 73 NORTH AMERICA: CARBON OFFSETS MARKET, BY COUNTRY, 2021-2028 (USD BILLION)
  - 9.4.5.1 US
    - 9.4.5.1.1 Increasing number of net-zero targets to reduce carbon emissions to drive market
- TABLE 74 US: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.4.5.2 Canada
    - 9.4.5.2.1 Exploring oil and gas industry emissions to boost market
- TABLE 75 CANADA: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.4.5.3 Mexico
    - 9.4.5.3.1 Incentivizing local communities as well as maintaining forests to boost market
- TABLE 76 MEXICO: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
9.5 ROW
- 9.5.1 RECESSION IMPACT ON ROW
- 9.5.2 BY TYPE
- TABLE 77 ROW: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (USD BILLION)
- TABLE 78 ROW: CARBON OFFSETS MARKET, BY TYPE, 2021-2028 (MILLION TONS)
- 9.5.3 BY PROJECT TYPE
- TABLE 79 ROW: CARBON OFFSETS MARKET, BY PROJECT TYPE, 2021-2028 (USD BILLION)
- TABLE 80 ROW: CARBON OFFSETS MARKET, BY REMOVAL/SEQUESTRATION PROJECT TYPE, 2021-2028 (USD BILLION)
- 9.5.4 BY END-USER
- TABLE 81 ROW: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
- 9.5.5 BY REGION
- TABLE 82 ROW: CARBON OFFSETS MARKET, BY REGION, 2021-2028 (USD BILLION)
  - 9.5.5.1 South America
    - 9.5.5.1.1 Rising number of REDD+ projects to drive market
- TABLE 83 SOUTH AMERICA: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)
  - 9.5.5.2 Middle East & Africa
    - 9.5.5.2.1 Growing net-zero commitments by countries in MEA to boost market
- TABLE 84 MIDDLE EAST & AFRICA: CARBON OFFSETS MARKET, BY END-USER, 2021-2028 (USD BILLION)

10 COMPETITIVE LANDSCAPE

10.1 STRATEGIES OF KEY PLAYERS
- TABLE 85 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, AUGUST 2020- DECEMBER 2022
10.2 COMPANY EVALUATION QUADRANT
- 10.2.1 STARS
- 10.2.2 PERVASIVE PLAYERS
- 10.2.3 EMERGING LEADERS
- 10.2.4 PARTICIPANTS
- FIGURE 37 COMPETITIVE LEADERSHIP MAPPING: CARBON OFFSETS MARKET, 2022
10.3 START-UP/SME EVALUATION QUADRANT, 2022
- 10.3.1 PROGRESSIVE COMPANIES
- 10.3.2 RESPONSIVE COMPANIES
- 10.3.3 DYNAMIC COMPANIES
- 10.3.4 STARTING BLOCKS
- FIGURE 38 CARBON OFFSETS MARKET: START-UP/SME EVALUATION QUADRANT, 2022
10.4 COMPETITIVE BENCHMARKING
- TABLE 86 CARBON OFFSETS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
- TABLE 87 CARBON OFFSETS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (STARTUPS/SMES)
10.5 CARBON OFFSETS: COMPANY FOOTPRINT
- TABLE 88 BY TYPE: COMPANY FOOTPRINT
- TABLE 89 BY PROJECT TYPE: COMPANY FOOTPRINT
- TABLE 90 BY END-USER: COMPANY FOOTPRINT
- TABLE 91 BY REGION: COMPANY FOOTPRINT
- TABLE 92 COMPANY FOOTPRINT
10.6 COMPETITIVE SCENARIO
- TABLE 93 CARBON OFFSETS MARKET: DEALS, JANUARY 2023-SEPTEMBER 2020
- TABLE 94 CARBON OFFSETS MARKET: LIST OF KEY PLAYERS OPERATING IN MARKET

11 COMPANY PROFILES

(Business overview, Products offered, Recent Developments, MNM view)**
11.1 KEY PLAYERS
- 11.1.1 EKI ENERGY SERVICES LTD.
- TABLE 95 EKI ENERGY SERVICES LTD.: BUSINESS OVERVIEW
- FIGURE 39 EKI ENERGY SERVICES LTD.: COMPANY SNAPSHOT (2021)
- TABLE 96 EKI ENERGY SERVICES LTD.: PROJECTS OFFERED
- TABLE 97 EKI ENERGY SERVICES LTD.: SERVICES OFFERED
- 11.1.2 SOUTH POLE GROUP
- TABLE 98 SOUTH POLE GROUP: BUSINESS OVERVIEW
- TABLE 99 SOUTH POLE GROUP: PROJECTS OFFERED
- TABLE 100 SOUTH POLE: SERVICES OFFERED
- TABLE 101 SOUTH POLE GROUP: DEALS
- 11.1.3 3DEGREES
- TABLE 102 3DEGREES: BUSINESS OVERVIEW
- TABLE 103 3DEGREES: PROJECTS OFFERED
- TABLE 104 3DEGREES: SOLUTIONS OFFERED
- TABLE 105 3DEGREES: DEALS
- 11.1.4 FINITE CARBON
- TABLE 106 FINITE CARBON: BUSINESS OVERVIEW
- TABLE 107 FINITE CARBON: PROJECTS OFFERED
- TABLE 108 FINITE CARBON: LAUNCHES
- TABLE 109 FINITE CARBON: DEALS
- 11.1.5 NATIVE ENERGY
- TABLE 110 NATIVE ENERGY: BUSINESS OVERVIEW
- TABLE 111 NATIVE ENERGY: PROJECTS OFFERED
- TABLE 112 NATIVE ENERGY: SOLUTIONS OFFERED
- 11.1.6 CLIMECO LLC
- TABLE 113 CLIMECO LLC: BUSINESS OVERVIEW
- TABLE 114 CLIMECO LLC: SOLUTIONS OFFERED
- TABLE 115 CLIMECO LLC: DEALS
- 11.1.7 CARBONBETTER
- TABLE 116 CARBONBETTER: BUSINESS OVERVIEW
- TABLE 117 CARBONBETTER: PROJECTS OFFERED
- TABLE 118 CARBONBETTER: SERVICES OFFERED
- 11.1.8 TASMAN ENVIRONMENTAL MARKETS
- TABLE 119 TASMAN ENVIRONMENTAL MARKETS: BUSINESS OVERVIEW
- TABLE 120 TASMAN ENVIRONMENTAL MARKETS: PROJECTS OFFERED
- TABLE 121 TASMAN ENVIRONMENTAL MARKETS: SOLUTIONS/SERVICES OFFERED
- TABLE 122 TASMAN ENVIRONMENTAL MARKETS: DEALS
- 11.1.9 CARBON CARE ASIA LIMITED
- TABLE 123 CARBON CARE ASIA LIMITED: BUSINESS OVERVIEW
- TABLE 124 CARBON CARE ASIA LIMITED: PROJECTS OFFERED
- 11.1.10 MOSS.EARTH
- TABLE 125 MOSS.EARTH: BUSINESS OVERVIEW
- TABLE 126 MOSS.EARTH: PROJECTS OFFERED
- TABLE 127 MOSS.EARTH: SOLUTIONS/SERVICES OFFERED
- TABLE 128 MOSS.EARTH: DEALS
- 11.1.11 CLIMETREK LTD.
- TABLE 129 CLIMETREK: BUSINESS OVERVIEW
- TABLE 130 CLIMETREK: PROJECTS OFFERED
- TABLE 131 CLIMETREK: SERVICES OFFERED
- 11.1.12 CLIMATEPARTNER GMBH
- TABLE 132 CLIMATEPARTNER GMBH: BUSINESS OVERVIEW
- TABLE 133 CLIMATEPARTNER GMBH: PROJECTS OFFERED
- TABLE 134 CLIMATE PARTNER GMBH: SOLUTIONS/SERVICES OFFERED
- 11.1.13 TERRAPASS
- TABLE 135 TERRAPASS: BUSINESS OVERVIEW
- TABLE 136 TERRAPASS: PROJECTS OFFERED
- TABLE 137 TERRAPASS: SERVICES OFFERED
- 11.1.14 CLIMATE IMPACT PARTNERS
- TABLE 138 CLIMATE IMPACT PARTNERS: BUSINESS OVERVIEW
- TABLE 139 CLIMATE IMPACT PARTNERS: PROJECTS OFFERED
- TABLE 140 CLIMATE IMPACT PARTNERS: SOLUTIONS/SERVICES OFFERED
- TABLE 141 CLIMATE IMPACT PARTNERS: DEALS
- 11.1.15 CARBON CREDIT CAPITAL
- TABLE 142 CARBON CREDIT CAPITAL: BUSINESS OVERVIEW
- TABLE 143 CARBON CREDIT CAPITAL: PROJECTS OFFERED
- TABLE 144 CARBON CREDIT CAPITAL: SOLUTIONS/SERVICES OFFERED
- TABLE 145 CARBON CREDIT CAPITAL: DEALS
- 11.1.16 BLUESOURCE LLC
- 11.1.17 CARBONFUND
- 11.1.18 FOREST CARBON
- 11.1.19 CLIMATE TRADE
- 11.1.20 NATUREOFFICE GMBH
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 APPENDIX

12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
12.4 CUSTOMIZATION OPTIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS

Carbon Offset/Carbon Credit Market by Type (Voluntary Market, Compliance Market), Project Type (Avoidance/Reduction Projects, Removal/Sequestration Projects (Nature-based, Technology-based)), End-User and Region - Global Forecast to 2028