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

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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.

Directly Purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.   

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. 

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301
For media inquiries, email press@bccresearch.com  or visit our media page for access to our market research library. 

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. 

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SOURCE BCC Research LLC

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Agoda Unveils South Korean Travelers’ Top Domestic and International Destinations for Chuseok Holiday

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September 6, 2026

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– Fukuoka, Tokyo, Osaka, Da Nang, and Nha Trang topped overseas destinations, while Jeju, Busan, Seoul, Sokcho, and Gyeongju led domestic hotspots  

SEOUL, South Korea, Sept. 6, 2026 /PRNewswire/ — With the Chuseok holiday around the corner, South Korean travelers are already making plans to make the most of the four-day break. According to digital travel platform Agoda, accommodation searches for international and domestic destinations have increased by 38% and 160%, respectively, compared to two weeks before the holiday period.

Based on accommodation searches made by South Korean travelers between May to mid-August 2026, Agoda found that Japanese destinations dominated the list of the most-searched overseas destinations for the Chuseok holiday. Fukuoka ranked first, followed by Tokyo and Osaka. Beyond Japan, Vietnamese destinations also proved popular, with Da Nang and Nha Trang rounding out the top five. The findings highlight South Korean travelers’ continued preference for short- and mid-haul destinations, where they can enjoy a combination of cultural experiences and seaside leisure.

Due to its proximity to South Korea with an average flight time of just 1.5 hours from Seoul, Fukuoka is one of the most accessible Japanese destinations for South Korean travelers. The destination is expected to become even more accessible with Eastar Jet’s expanded services on the Incheon–Fukuoka route through October 24, and the Busan–Fukuoka route from August 29 to October 24, covering the Chuseok holiday period.

For those making travel plans closer to home, Jeju ranked as the most-searched domestic destination, with a 131% increase in travel interest, followed by Busan (147%), Seoul (64%), Sokcho (324%), and Gyeongju (222%). Sokcho, which recorded the strongest growth in search interest among the top 5 domestic destinations, saw tourism expenditure by South Korean travelers increase by 8.2% year-on-year in the first half of 2026, according to the Korea Tourism Organization. The high growth in interest in Sokcho’, driven by its diverse mix of mountains, beaches, lakes, culinary experiences and cultural attractions, suggests that the destination could see continued visitor demand through the second half of the year, including during the Chuseok holiday period.

Gyeongju, which ranked fifth, continues to attract South Korean travelers with its historic sites and rich cultural heritage. The city’s appeal could be further boosted by expanded KTX and KTX-Eum services scheduled to begin in September, offering travelers improved rail connectivity during the autumn travel season.

Alex Park, Country Director, South Korea at Agoda shared, “As the Chuseok holiday approaches, South Korean travelers are showing strong interest in nearby destinations, with domestic travel seeing particularly strong demand. As a global travel platform, Agoda is committed to supporting travelers with diverse preferences by offering great deals on flights, accommodation, and activities, whether they are looking to explore destinations overseas or closer to home.”

As South Korean travelers finalize their Chuseok holiday plans, Agoda continues to offer a seamless booking experience across more than six million holiday properties, 130,000 flight routes, and 300,000 activities worldwide. To find the best deals for autumn travel to Asia and beyond, visit Agoda.com or download the Agoda mobile app. As part of Agoda’s August Mega Sale, travelers can enjoy up to 60% off on hotel bookings during the main sale through 31 August.

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SOURCE Agoda

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TECNO Wins Two IFA Global Product Technology Innovation Awards for Modular Phone and Tonino Lamborghini TECNO TAURUS

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September 5, 2026

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BERLIN, Sept. 5, 2026 /PRNewswire/ — TECNO, a global AI-driven innovative technology brand, achieved two IFA Global Product Technology Innovation Awards at IFA 2026:

Tonino Lamborghini TECNO TAURUS took the Miniaturized Gaming PC Technology Innovation Gold Award, standing out with its Italian aesthetics and exceptional performance in the compact body. The TECNO Modular Phone was honored with the Ultra-Slim Magnetic Modular Technology Innovation Gold Award, praised for its ultra-slim craftsmanship and unique modular magnetic technology.

These awards once again demonstrate TECNO’s sustained breakthroughs in product innovation and industry-leading craftsmanship in design excellence. The Global Product Technology Innovation Awards were established in 2014 by IDG, IFA, and DIHK to celebrate excellence across the global consumer electronics industry. The awards honor products that set new industry benchmarks and drive innovation through intelligent technology and user-centric design.

TECNO Modular Phone: The World’s Thinnest Modular Smartphone

At just 4.9mm, the TECNO Modular Phone is powered by proprietary Modular Magnetic Interconnection Technology. It combines a precision magnetic array with pogo-pin connectors, offering a flexible ecosystem for different needs. The host retains a 3000–4000mAh battery, while modules draw power directly for a snap-and-go experience. It also resolves the inherent conflict between rising AI computing demands and limited device space.

The technology has earned over 20 accolades from leading media, with CNET and Yanko Design naming it the Best of MWC 2026, and The Verge recognizing it as the Best Mobile Tech at MWC 2026.

Tonino Lamborghini TECNO TAURUS: One of the World’s Smallest Water-Cooling Gaming Mini-PCs

At around 6.36 liters, the panoramic transparent chassis of the Tonino Lamborghini TECNO TAURUS fuses iconic Italian design with raw engineering. Powered by the Intel® Core™ i9-13900HK and NVIDIA® GeForce RTX™ 5060 (614 AI TOPS, 145W TGP, DLSS 4), it achieves the pinnacle of performance, providing a high-fidelity gaming experience and high-efficiency AI workstation. The water-cooling system sustains peak frequencies, while 15 ports and WiFi 6E deliver connectivity. It was recognized with Yanko Design’s Best of MWC award.

In addition, TECNO made waves at IFA with the Next-Gen Bezelless Concept Phone featuring a revolutionary 0mm screen bezel, and the convertible laptop MEGABOOK T15 360 Pro. Relentlessly pushing the boundaries of design, performance, and AI innovation, TECNO is pioneering limitless possibilities for futuristic technology.

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Morpho UV Printer Unveiled at IFA with Hands-On Live Creation

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4 hours ago

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September 5, 2026

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BERLIN, Sept. 5, 2026 /PRNewswire/ — Morpho, a company specializing in UV printing technology, is showcasing its first desktop UV printer at IFA 2026, Hall 17-196. Visitors are observing Morpho’s colorful, textured prints, and some have the opportunity to print on a range of blank materials provided.

Morpho’s desktop UV printer can print on a wide range of materials, including wood, glass, leather, metal, and more, delivering vivid colors and tactile textures for customized results. At IFA 2026, the booth attracted interest from creators, educators, and technology professionals, who gathered to watch live demonstrations.

Among those who have tried Morpho’s printer, three aspects are most frequently highlighted: print quality, the moving gantry design, and overall ease of use.

Visitors are first drawn to the prints, which feature precise color reproduction and finely detailed textile textures. With G7 Master ColorSpace certification, Morpho ensures consistent tones across different pieces. The same level of precision is evident in the raised textures created by the industrial-grade printhead, which builds fine layers of ink for detailed, tactile surfaces. The printhead maintains fast carriage motion speeds of up to 600mm/s while preserving precise detail.

Attendees have also noted the printer’s compact desktop footprint. With its moving gantry architecture—where the entire gantry moves along both axes—the printer offers a large, fully enclosed print chamber that accommodates various objects while remaining desktop-friendly.

First-time users have given positive feedback on Morpho’s usability. The integrated Stereo Vision Smart Alignment™ System quickly captures an object’s height and contours, while Morpho Studio’s guided workflows help users move from idea to print with minimal setup.

Morpho’s team shared that the program has been in development for several years, with the goal of making UV printers a practical tool for everyday creative use. Founder Mingyu “Brett” Wang, formerly Global VP of R&D at DJI, commented, “We communicate directly with our community, listen to feedback, and make fast improvements.”

Ahead of IFA, Morpho’s Kickstarter campaign surpassed $10 million in support from over 2,800 backers worldwide. The company is committed to further developing its proprietary core technology and delivering reliable engineering for creators, makers, and small businesses.

Visit Morpho’s website to learn more.

About Morpho: Morpho develops desktop UV printers that bring industrial-grade printing and coloring to everyday materials, enabling creators to turn almost any physical surface into a canvas for their ideas.

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