>
>
Voluntary Carbon Credit Market Size – By End use, Analysis, Share, Growth Forecast, 2025 – 2034
Download Free PDF

Voluntary Carbon Credit Market
Get a free sample of this reportGet a free sample of this report Voluntary Carbon Credit Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2024
Companies covered: 16
Tables & Figures: 20
Countries covered: 18
Pages: 120
Download Free PDF
Voluntary Carbon Credit Market Size
The global voluntary carbon credit market was valued at USD 1.7 billion in 2024 and is estimated to grow at a CAGR of 25% from 2025 to 2034. An active push formed by corporate players to achieve their net zero targets and improve their sustainability ratings has initiated the development of new credit systems focusing on the different constituents of the economy. In January 2025, Microsoft announced the purchase of over 3.5 million carbon credit units in order to offset the carbon production during the AI development, thus propelling the market growth.
The incorporation of voluntary carbon credit market into compliance markets improves the liquidity, credibility, and overall demand of voluntary carbon credits. This attracts institutional investors which improves the stability of prices and encourages corporate involvement. The integration promotes greater uptake, which in turn increases investment into premium quality projects, improves market participation, and facilitates international efforts towards carbon reduction, thereby rapidly increasing the market expansion of the voluntary carbon credit.
An array of substantial companies and institutions are now applying carbon credits to their ESG approaches with the hope of earning greater trust from investors and principal owners, which improves the outlook of the business. For instance, in 2023, more than 60 percent of companies in the S&P 500 claimed using carbon credit markets to offset emissions. This number is expected to increase further over the years and support the market figures.
Voluntary Carbon Credit Market Trends
Voluntary Carbon Credit Market Analysis
The voluntary carbon credit industry was valued at USD 1.9 billion, USD 1.8 billion and USD 1.7 billion in 2022, 2023 and 2024 respectively. Although the market has witnessed a slight decline in the last few years, it is anticipated to grow over the forecast years owing to the rise in reliable methods of computing carbon offsets and technological advancements across the industry, which aids in easy accessibility and traceability.
Voluntary Carbon Credit Market Share
Top 6 companies for voluntary carbon credit industry include Microsoft, Shell, South Pole, Climate Impact Partners EcoAct, Ecosecurities, and ClimeCo. These companies collectively held a substantial market share of over 40% in 2024 and are further anticipated to gain a bigger share in the coming years.
Shell has a notable market share in the global voluntary carbon credit market. The company’s position stems from its focus on carbon offsets in achieving climate goals, especially after there was a decline of investment in clean energy projects. The company also retired 14.9 million carbon credits in the year 2024, which placed it ahead of other major participants such as Microsoft.
The company’s focus on carbon credit revolves around creating an economical way of fulfilling environmental responsibilities. This approach is however criticized for being superficial and not doing much to protect the environment. As stated in Shell’s corporate website, in January 2024 Shell Environmental Products partnered with Climate Impact X to promote transparency and trust within voluntary carbon markets by enabling trading through blockchain technology.
Apart from Shell, Microsoft has emerged as a major buyer of carbon credits to offset emission production. South Pole and Climate Impact Partners target marketing encompass developing and managing carbon offset projects at an international level.
EcoAct provides consulting in sustainability while helping companies achieve carbon neutrality. Ecosecurities specializes in sourcing and financing the mitigation projects in greenhouse gases. ClimeCo deals in environmental commodities and ClimeCo in sustainability. All these companies provide services and initiatives that help in the growing and strengthening of the voluntary carbon market.
Voluntary Carbon Credit Market Companies
Voluntary Carbon Credit Industry News
This voluntary carbon credit market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Million Credit) and revenue (USD Billion) from 2021 to 2034, for the following segments:
Market, By End Use
The above information has been provided for the following regions and countries: