The global renewable energy certificate market generated US$9.3 billion in 2020 and is predicted to reach US$103.2 billion by 2030, with a compound annual growth rate of 27.2% from 2021 to 2030, according to a recent report published by Allied Market Research.
The global renewable energy certificate market is expanding due to an increase in environmental awareness and the availability of excess electricity from small-scale renewable energy resources.
Allied Market Research predicted that accelerated innovation activities and investments in the development of renewable energy resources will lead to new opportunities in the coming years. However, a lack of standard laws and insufficient knowledge of renewable energy trading is likely to impede market expansion.
