Australia Carbon Credit Market 2024 | Share, Demand, and Forecast Till 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 UK REIT sector is booming. This growth comes from strong investor confidence and a solid property market. The demand for different real estate assets is rising. This trend is creating a strong investment landscape. 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 Unit (ACCU) market is changing rapidly. This shift is due to new policies and international climate commitments. At the same time, corporate demand is rising. Big companies and banks are now trying to cut their emissions. They also aim to meet their sustainability goals. The high demand for ACCUs comes from reforms in the Safeguard Mechanism. The federal government says high-emission facilities must cut their carbon footprint. They can also buy offsets. This has led to more liquidity and activity in the market. Also, prices are now more volatile or trending upward as compliance deadlines approach. Nature-based solutions like reforestation and soil carbon projects are drawing more attention. Both local and international investors are getting involved. There are still issues, such as questions about the integrity of some credit types. Also, we need better transparency when it comes to project verification. The ACCU market is growing due to Australia goal of net emissions by 2050. It also responds to the global demand for carbon neutrality.

Now, it is changing the Australian carbon credit scene. New technologies and financing methods are driving this shift. Blockchain is being used to improve transparency in carbon credit transactions. It helps prevent double counting and fraud. Voluntary markets are rising, but compliance also boosts demand. Companies outside regulated sectors buy ACCUs to show leadership. The result is a stronger market ecosystem from both compliance and voluntary buyers. Emerging trends show a growing focus on Indigenous-led carbon projects. These projects reduce emissions and provide socio-economic benefits for Aboriginal communities. These usually connect to savanna fire management and land restoration. They focus on both environmental and cultural perspectives.

IMARCs report provides a deep dive into the Australia carbon credit market analysis, outlining the current trends, underlying market demand, and growth trajectories.

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 a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to 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, and 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