Australia Carbon Credit Market Report 2024 | Growth, Trends, and Demand by 2032

Australia Carbon Credit Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 6.70% (2024-2032)

The market reflects Australia growing commitment to sustainable practices and climate goals. With strong government support and rising corporate participation, it offers significant growth potential. According to the latest report by IMARC Group, the Australia carbon credit market size reached 17.2 million ACCUs in 2023. Looking forward, IMARC Group expects the market to reach 32.2 million ACCUs by 2032, exhibiting a growth rate (CAGR) of 6.70% during 2024-2032.

Download a sample copy of the Report: https://www.imarcgroup.com/australia-carbon-credit-market/requestsample

Australia Carbon Credit Industry Trends and Drivers:

The Australia carbon credit market has grown a lot in recent years. The Australian government promised to cut greenhouse gas emissions. This change supports its climate goals. The market runs under the Emissions Reduction Fund (ERF). This program helps businesses and landowners lower emissions or store carbon. A key trend in this market is more private sector players. Corporations and financial institutions are joining in. Their goal is to reduce their carbon footprints. The high demand for carbon credits has increased the prices of Australian Carbon Credit Units (ACCUs). This makes carbon farming and other emission-reduction projects more appealing financially. The market is seeing more types of projects. These include reforestation, soil carbon sequestration, renewable energy, and waste management.

This diversification expands emission reduction activities. It also boosts market resilience by spreading risks across different sectors.
A key trend in the Australian carbon market is transparency and integrity. In mature markets, stakeholders question whether carbon credits reduce emissions over time. So, stricter standards and verification processes are now in place. Technologies like satellites and blockchains are also being used to track carbon credits. Another growing interest is in co-benefits. These are carbon projects that provide extra environmental and social benefits. For example, they can help with biodiversity conservation and support Indigenous communities. Co-benefits now play a key role in credit valuation. Buyers want to link their investments to wider sustainability goals. The Australian carbon credit market is growing stronger. It plays a key role in Australia's shift to a low-carbon economy.

We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging Australia carbon credit market trends.

Australia Carbon Credit Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Compliance
• Voluntary

Project Type Insights:

• Avoidance/Reduction Projects
• Removal/Sequestration Projects
• Nature-based
• Technology-based

End-Use Insights:

• Power
• Energy
• Aviation
• Transportation
• Buildings
• Industrial
• Others

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Competitive Landscape:

The competitive landscape of the industry has also been examined, along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals, licensing navigation, branding, marketing, and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

Street: Morgan Park QLD 4370

City/Town: Warwick

State/Province/Region: Queensland

Country: Australia

Zip/Postal Code: 4370

Email: sales@imarcgroup.com

Phone Number: +1-631-791-1145