From GlobeNewswire: 2024-04-30 06:00:00

The voluntary carbon credit market is projected to reach USD 21.7 Billion by 2032, driven by increasing awareness of climate change. As individuals, organizations, and governments seek to reduce emissions, the market grows. Governments globally are implementing carbon pricing mechanisms and emission reduction targets to combat climate change effectively, creating a favorable environment for voluntary carbon credits.

The household & community segment of the market is expected to accelerate between 2024 and 2032 due to increased environmental consciousness leading to a growing interest in sustainable practices like carbon offsetting. In North America, stringent climate regulations and emission reduction targets are driving demand for voluntary carbon credits. Many companies in the region are turning to voluntary carbon credits to offset emissions and achieve sustainability goals.

Prominent players in the voluntary carbon credit market include The Carbon Trust, The Carbon Collective Company, Climate Impact Partners, and more. These companies are focusing on innovative systems, R&D activities, and strategic initiatives to enhance their offerings. For example, O-I Glass recently launched a carbon-neutral bottle validated by the Carbon Trust.

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