A new report forecasts the voluntary carbon credit market will grow from a smaller base to USD 242.11 billion by 2035, with a compound annual growth rate of 48.22%. This reflects increasing corporate demand for offsets to meet net-zero targets, though the market still faces challenges around verification and standardization. The growth is driven by stricter climate pledges from companies and governments, as well as new frameworks like the Integrity Council for the Voluntary Carbon Market. However, the actual impact depends on whether credits represent real, additional emission reductions. The report highlights both the opportunity and the need for robust quality standards to avoid greenwashing.
