The global carbon credit market, which rose up to $1.4 billion in 2024, is predicted to experience substantial growth in the coming years. Recent projections suggest its value could rise to between $7 and $35 billion by 2030 and potentially reach $45–250 billion by 2050, according to the most recent MSCI report.
A high-altitude drone image depicting an expansive field with newly planted trees. AI generated picture.
Despite a 20% drop in average spot prices to $4.8 per metric tonne in 2024, momentum is building. Companies increasingly set ambitious environmental targets, and new policies, such as the Paris Agreement’s Article 6 framework, signal a shift.
Over 6,200 projects registered across major crediting registries issued 305 million metric tonnes of carbon credits in 2024. Of these, 180 million were retired, primarily by corporations integrating voluntary offsets into their sustainability strategies. Nature-based projects dominated retirements, particularly for removal credits, which are gaining traction for their higher integrity and price.
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The market's performance in recent years reflects mixed factors. While quality concerns and price volatility tempered enthusiasm, a surge in validated corporate nature-centric goals—up 65% in 2024—indicates growing interest.
Experts foresee a major transformation by 2030. Removal credits, which made up about a third of retirements’ value in 2024, could outpace reduction credits in market share. Engineered removal credits, including direct air capture, may see exponential growth, despite high current costs.
With international frameworks like CORSIA advancing and market integrity improving, the long-anticipated thaw in the carbon market appears imminent. By 2050, the market could account for as much as 1.5% of global corporate profits, marking a pivotal role in achieving environmental targets.
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At DGB Group, we are dedicated to tackling environmental and biodiversity challenges through transformative nature-based solutions. As reflected in the trends shaping the carbon credit market, including the rising demand for high-quality removal credits, our initiatives—such as large-scale reforestation projects and energy-efficient cookstove programmes—play a vital role in restoring ecosystems and enhancing biodiversity. By integrating ecological restoration with socio-economic benefits for local communities, we ensure that our efforts not only contribute to nature's recovery but also create sustainable livelihoods. Our holistic approach aligns with the growing market focus on impactful, high-integrity solutions, driving positive change for both people and the planet.
