$884 Million Carbon Credit Validation, Verification, Certification Market to 2030

According to a research report, the market size for global carbon credit validation, verification, certification is projected to reach approximately USD 884 million by the year 2030, as compared to the estimated value of USD 226 million in 2024, at a Compound Annual Growth Rate (CAGR) of 25.5% over the forecast period.

The global carbon credit validation, verification, and certification market is driven by several key factors. Governments worldwide are implementing stringent environmental regulations and carbon pricing mechanisms to curb greenhouse gas emissions. These policies, such as the European Union Emissions Trading System (EU ETS) and California's Cap-and-Trade Program, necessitate the validation, verification, and certification of carbon credits, ensuring that organizations meet their compliance obligations. Increasingly, corporations are adopting sustainability strategies to enhance their environmental credentials and meet stakeholder expectations. Companies are voluntarily purchasing carbon credits to offset their carbon footprints, driving demand for rigorous validation and verification processes to guarantee the credibility and impact of their investments in carbon reduction projects.

Download PDF Brochure

Key Market Players

VERRA (US),

Gold Standard (Switzerland),

DNV GL (Norway),

TÜV SÜD (Germany),

SGS Société Générale de Surveillance SA. (Switzerland),

Intertek Group plc (UK),

Bureau Veritas (France),

The ERM International Group Limited (UK),

SCS Global Services (US),

ACR (American Carbon Registry) (US),

Climate Action Reserve (US),

RINA S.p. A. (Italy),

Aenor (Spain),

SustainCERT (Luxembourg),

Aster Global Environmental Solutions, Inc. (US), Carbon Check (India), Ancer Climate, LLC (US), Carbon trust (UK), First Environment Inc. (US), CRS (US), Cotecna (Switzerland), and Carbon credit Capital (US).

Agriculture & Forestry segment, by Sector:

Agriculture and forestry occupy a prominent position in the global carbon credit validation, verification, and certification market due to their substantial carbon sequestration capabilities and the increasing adoption of sustainable practices. These sectors are pivotal in absorbing carbon dioxide through activities like reforestation, afforestation, and soil carbon enhancement in agriculture. Governments and international initiatives like REDD+ incentivize these practices, driving demand for validation and verification services. Corporations and investors also see these sectors as crucial for offsetting carbon footprints and integrating environmental goals into their strategies. Technological advancements in remote sensing and blockchain enhance the accuracy and transparency of carbon credit monitoring, further bolstering confidence in these sectors' contributions to the market.

Driver: Regulatory Policies and International Agreements

Regulatory Policies and International Agreements serve as a significant driver in the global carbon credit validation, verification, and certification market. These policies, established both at national and international levels, provide the necessary framework and incentives for organizations to participate in carbon credit programs. Examples include the Paris Agreement, which sets global targets for reducing greenhouse gas emissions, and various regional cap-and-trade systems like the EU Emissions Trading System (ETS). Such policies not only create a market demand for carbon credits but also ensure credibility and standardization through rigorous validation, verification, and certification processes, thereby fostering trust among stakeholders and encouraging broader participation in carbon mitigation efforts worldwide.