Technology

Global Carbon Credits Market on Track to Achieve $1.2 Trillion Valuation by 2029

Published

2 years ago

July 29, 2024

BCC Research Study Projects 28.4% CAGR, Driving Market Growth from $267.8 Billion in 2023; Volume Expected to Reach 28 Gigatons with a 23.1% CAGR

BOSTON, July 29, 2024 /PRNewswire/ — Discover the dynamic world of carbon credits, where businesses and individuals purchase offsets to neutralize their carbon emissions, fostering sustainability and aiding the fight against climate change.

According to the latest BCC research study, the demand for Carbon Credits Market: Global Outlook expected to grow from $267.8 billion in 2023 and will reach $1.2 trillion by the end of 2029 at a compound annual growth rate (CAGR) of 28.4% during the forecast period. By volume, the market is expected to reach 28 gigatons by growing at a CAGR of 23.1%.

The global carbon credit market is analyzed based on different types, end users, and regions. The report measures the market in terms of value (billions of dollars) and volume (gigatons). It includes competitive intelligence, ranking top companies by their carbon credit offerings. Market estimates are based on the revenue from carbon credit project developers. The report also offers an ESG (environmental, social, and governance) analysis of the industry, highlighting recent company activities in this area. Additionally, it details market dynamics, emerging technologies, and global developments in the industry.

Some Interesting Facts about Carbon Credits Market: Global Outlook

Europe leads the carbon credit market, thanks to the EU ETS system launched in 2017, which many countries have adopted to combat greenhouse gas emissions. European industries prefer high-quality carbon credits, boosting revenue in the compliance market.Despite a decline in the voluntary carbon credits market, it remains a key driver of growth in the global carbon credits industry.UNCTAD reports that China, the U.S., and India are the top three CO₂ emitters, contributing over 50% of global emissions, with the top 20 countries accounting for 80%. Initiatives like the Kyoto Protocol, carbon pricing, emissions trading schemes (ETS), and carbon dioxide removals (CDR) are gaining momentum worldwide.In 2023, ETS and carbon taxes generated $104 billion in revenue, with ETS accounting for 70% and carbon taxes the remaining 30%.

To discover more insights and information about Carbon Credits Market: Global Outlook, click here for further exploration.

Factors contributing to this growth include:

Regulatory pressure to reduce carbon emissions.: means that governments are making rules and laws to force companies and individuals to emit less carbon dioxide (CO₂) and other greenhouse gases. This includes things like setting emission limits, taxing carbon emissions, and offering incentives for using cleaner technologies. The goal is to fight climate change by reducing the amount of harmful gases released into the air.Increasing investments in eco-friendly technologies.: means more money is being spent on developing and using technologies that are good for the environment. This includes things like renewable energy (like solar and wind power), electric vehicles, and energy-efficient products. The goal is to reduce pollution and protect the planet.

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Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast Period considered

2024-2029

Base year market size

$267.8 Billion

Market Size Forecast

$1.2 Trillion

Growth Rate

CAGR of 28.4% from 2024-2029

Segment Covered

By Type, End User, and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of World (South America and the Middle East and Africa)

Key Market Drivers

• Regulatory pressure to reduce carbon emissions

• Increasing investments in eco-friendly technologies

Market Segmentation

The Global Market for Carbon Credits Market: Global Outlook can be categorized into various segments:

End-User

These categories represent different sectors that use carbon credits and engage in efforts to reduce carbon emissions. “Energy” covers traditional and renewable energy producers, while “Power” refers to utilities generating electricity. “Transportation” includes vehicles and logistics, and “Building and Construction” encompasses real estate and infrastructure. “Other Industries” encompasses diverse sectors like manufacturing and agriculture. Each sector aims to mitigate its environmental impact by investing in carbon credit programs and adopting sustainable practices to combat climate change.

Type

These types categorize how carbon credits are traded and used globally. The “Compliance Market” involves businesses meeting mandatory emissions regulations by buying carbon credits, ensuring they adhere to legal limits. In contrast, the “Voluntary Market” allows organizations and individuals to purchase credits voluntarily to offset their emissions, demonstrating their commitment to sustainability beyond regulatory requirements. Both markets play crucial roles in incentivizing carbon reduction efforts across industries and promoting environmental stewardship on a broader scale.

Region

These regions represent geographical areas where carbon credit activities and regulations are implemented. “Asia-Pacific” covers countries like China and India, experiencing rapid industrial growth and emissions control efforts. “North America” includes the United States and Canada, with varied state and provincial carbon policies. “Europe” leads in carbon market innovation through initiatives like the EU ETS. “Rest of the World” encompasses regions like Africa and South America, each navigating unique environmental challenges and adopting diverse strategies to manage carbon emissions. Each region plays a crucial role in the global effort to mitigate climate change through carbon credit initiatives.

this report on global market for carbon credits market: global outlook provides comprehensive insights and analysis, addressing the following key questions:

What is the projected market size and growth rate of the market?

The market is projected to grow from $267.8 billion in 2023 to $1.2 trillion in 2029 at a compound annual growth rate (CAGR) of 28.4% during the forecast period. By volume, the market is expected to reach 28 gigatons by growing at a CAGR of 23.1%.

What are the key factors driving the growth of the market?

Increasing demand for sustainable and low-emission fuels, increasing need to curb fast growing GHG emissions globally, and government support are key factors driving the market.

What segments are covered in the market?

The segments covered in the market are end-user and type. The end-user segment includes power, energy, transportation, building and construction, and others. By type segmentation includes compliance markets and voluntary markets.

Which end-use segment will dominate the market by the end of 2028?

The power industry segment will dominate the market by the end of 2028.

Which region will dominate the market by the end of 2028?

The market has been classified into four regions, namely Asia-Pacific, North America, Europe, and Rest of the World. Rest of the World includes MEA, and South America. Europe holds the highest market share in the market followed by Asia-Pacific.

Some of the Key Market Players Are:

3DEGREESCLIMATEPARTNER GMBHCLIMATETRADECOOL EFFECT INC.EKI ENERGY SERVICES LTD.FINITE CARBON CORP.GREEN MOUNTAIN ENERGY CO.NATIVETERRAPASSWGL HOLDINGS INC.

Browse for more related reports:

Carbon Dioxide Removals (CDR) Market: The Carbon Dioxide Removals (CDR) market refers to the various economic activities and systems designed to remove carbon dioxide (CO₂) from the atmosphere. This market includes a range of technologies and methods aimed at capturing, storing, or utilizing CO₂ to help combat climate change.

Carbon Management Software: Global Market Outlook: Carbon Management Software: Global Market Outlook refers to a comprehensive analysis and forecast of the worldwide market for software that helps organizations track, manage, and reduce their carbon emissions.

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About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

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SOURCE BCC Research LLC

Technology

The Inner Circle acknowledges Colleen Reilly as a Pinnacle Professional Member Inner Circle of Excellence

Published

8 hours ago

April 24, 2026

PORT ST. JOE, Fla., April 24, 2026 /PRNewswire/ — Prominently featured in The Inner Circle, Colleen Reilly is honored as a Pinnacle Professional Member Inner Circle of Excellence for her contributions to Transforming Catering and Event Services in Northwest Florida.

Since 2015, Colleen Reilly has served as founder and CEO of Catering Connections, a company that has redefined catering in Northwest Florida’s beach communities through innovation, collaboration, and community focus. Guided by her motto “Just one call feeds them all,” Ms. Reilly established a unique model by partnering with local restaurants to showcase their specialties, fostering unity among businesses while providing clients with one-of-a-kind event experiences.

With over 15 years of industry expertise, Ms. Reilly specializes in coordinating weddings, family reunions, and corporate events, managing every detail from client consultation to menu planning and flawless execution. Her dedication to service has earned Catering Connections multiple recognitions, including the Couples Choice Award from WeddingWire from 2021 to 2025, the Best of Florida Award from 2022 to 2024, and the Lux Life Hospitality and Catering Award in 2023 and 2024.

Ms. Reilly’s career foundation includes an associate degree in paralegal studies, magna cum laude, from Volunteer State College, a reflection of her meticulous approach to detail and commitment to excellence. Beyond her business, she serves her community as a board member of the Historic St. Andrews Waterfront Partnership and as president of Friends of the Governor Stone Inc., a nonprofit dedicated to preserving maritime heritage in Panama City. Her previous civic contributions include serving five years as a guardian ad litem, advocating for children within the legal system, and volunteering as a school chaperone for international student trips.

A leader who blends innovation with service, Ms. Reilly continues to grow Catering Connections while deepening her commitment to the local community. Looking ahead, she remains dedicated to expanding her company’s impact, bringing people together, and creating meaningful experiences through food and fellowship.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

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SOURCE The Inner Circle

Technology

Media Contributor Kianga Moore to Host Executive Media Roundtable On AI’s Transformational Impact in Retail

Published

8 hours ago

April 24, 2026

Leaders from AdFury.ai, Vendormint, and New Nexus Group to Explore Real-Time Decision-Making, Resilience, and Growth in a Volatile Market

NEW YORK, April 24, 2026 /PRNewswire/ — As retailers navigate ongoing economic uncertainty, supply chain volatility, and rapidly shifting consumer expectations, the upcoming convening of a high-level roundtable discussion will examine how artificial intelligence is reshaping the retail landscape in real time.

Moderated by Media Contributor Kianga Moore, to be held on Wednesday, April 29 at 11h00am (EST), the roundtable will bring together senior leaders from AdFury.ai, Vendormint and New Nexus Group to discuss how modern enterprise platforms are leveraging AI to drive agility, efficiency, and long-term resilience across the retail ecosystem.

The discussion will additionally focus on how AI is enabling retailers to respond dynamically to changing demand signals, optimize marketing investments, and strengthen interoperability across increasingly complex vendor and marketplace networks.

“Retailers today are operating in a constant state of disruption”, stated Kianga Moore. “This roundtable will explore how AI is not just a tool for efficiency, but a strategic asset for anticipating change and building more resilient, adaptive American enterprise.”

Key discussion topics will include remarks on how, for example, enterprise AI platforms are helping retailers respond instantly to fluctuations in consumer demand, pricing pressures, and external supply chain disruptions and the role of AI in enhancing interoperability across vendors, partners, and marketplaces to create more agile and resilient retail infrastructures in 2026.

Rob Gonda, Chief Technical Officer at Vendormint, stated that, “Interoperability is the backbone of modern retail. AI enables seamless communication between platforms, vendors, and marketplaces—turning fragmented systems into cohesive, responsive ecosystems that can adapt under pressure.”

Discussion topics will also include machine learning’s ability to optimize ad spend, improving personalization, and delivering measurable ROI while maintaining brand trust and regulatory compliance.

Eric Howerton, Co-Founder and Chief Growth Officer of AdFury.ai, added that,”AI is fundamentally changing how brands approach customer acquisition. By leveraging machine learning through fine-tuned, retail-specific agentic flows, we can not only optimize ad spend in real time, but we can also ensure messaging is personalized, compliant, and aligned with evolving consumer expectations.”

And indeed the roundtable will include discussions on how AI-powered predictive analytics can help businesses anticipate economic, technological, and geopolitical disruptions ahead—and plan accordingly.

Cheryl Yarbrough, Vice President of Partnerships at New Nexus Group added that, “Resilience in retail is no longer built in quarterly planning cycles-it’s built in real time. AI gives organizations the ability to identify disruptions before they cascade, pivot strategies before momentum is lost, and maintain continuity when the market moves faster than any human team can react alone.”

The roundtable will be held via Zoom TeleConference, with questions from the press and key stakeholders to follow opening remarks and a 30-minute Q&A between the moderator and the panelists.

For all media inquiries and to register to attend, please contact: Sam Amsterdam, Amsterdam Group Public Relations Inc. – Sam@AmsterdamGroup.net / +1 (202) 910-8349

Vendormint (https://vendormint.com)New Nexus Group (https://www.newnexusgroup.com)AdFury.ai (https://www.adfury.ai)

Samuel Amsterdam
Communications Counsel
Vendormint
samuelamsterdam@gmail.com

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SOURCE Vendormint

Technology

Fairway Home Mortgage Earns Prestigious USA TODAY Top Workplaces Award For 6th Consecutive Year

Published

9 hours ago

April 24, 2026

Fairway CEO Steve Jacobson Named #1 Leadership Award Winner of Companies With 2500+ Employees

MADISON, Wis., April 24, 2026 /PRNewswire/ — Fairway Home Mortgage announced that it has earned the prestigious 2026 USA TODAY Top Workplaces award. This is the sixth year in a row Fairway achieved this honor.

The award honors organizations with 150 or more employees that have created exceptional, people-first cultures. This year, more than 40,500 organizations were invited to participate. The winners are recognized for their commitment to fostering a workplace environment that values employee listening and engagement. USA TODAY showcased the winners at the National Awards Summit in Nashville. Watch the video of the event here.

“Being recognized with this award reflects Fairway’s commitment to bringing our people together face-to-face,” said Fairway’s CEO and Founder Steve Jacobson. “Companies are better when their people are around each other. People need each other and they learn from each other, and we’re very intentional about creating opportunities for in-person collaboration at Fairway.”

Jacobson demonstrated that in-person collaboration when he traveled to Knoxville this week with Fairway Senior Vice President Dan Richards to spend time with one of Fairway’s branches and their local real estate partners. “We engaged in real conversations about the market, discussed what people are seeing on the ground, and talked about how Fairway keeps showing up for clients,” said Richards. “It’s a reflection of the same hands-on approach that has defined Fairway’s culture for more than two decades.”

“To be named a Top Workplace for six consecutive years speaks to Fairway’s leadership, our mindset, and the empowerment of our staff,” said Fairway’s Chief People and Engagement Officer Julie Fry. “Our strength isn’t just what we offer employees. What sets a top workplace apart is the daily commitment to people—prioritizing connection, valuing contributions, and creating an environment where employees feel energized to serve because they feel valued first.”

The winners are determined by authentic employee feedback captured through a confidential survey conducted by Energage, the HR research and technology company behind the Top Workplaces program since 2006. The results are calculated based on employee responses to statements about Workplace Experience Themes, which are proven indicators of high performance.

“Earning a USA TODAY Top Workplaces award is a testament to an organization’s credibility and commitment to a people-first culture,” said Eric Rubino, CEO of Energage. “This award, driven by real employee feedback, is more than just a recognition — it’s proof that your employees believe in the organization and its leadership. Job seekers and customers look for this trusted badge of credibility and excellence. It signals a company that values its people, and that kind of culture resonates in today’s competitive market”

About Fairway Home Mortgage
Madison, WI- and Carrollton, TX-based Fairway Independent Mortgage Corporation (NMLS #2289) is a full-service mortgage lender licensed in all 50 states. Fairway is the #2 overall retail lender in the U.S.

About Energage
Making the world a better place to work together.™
Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 20 years of culture research and the results from 30 million employees surveyed across more than 80,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

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SOURCE Fairway Home Mortgage