In 2022, the carbon credit trading platform market was worth around USD 103 million, and it is projected to advance at a 21.20% CAGR from 2022 to 2030, hitting USD 479 million by 2030, according to P&S Intelligence.
This growth can be ascribed to an increasing number of markets allowing partial use of carbon credits and funding in C02 capture systems, as well as switching to renewable energy.
In 2022, the cap-and-trade system dominated the market share. It is a system that places a "cap" on extreme emissions to reduce total emissions.