5 Leading Voluntary Carbon Offset Suppliers Worldwide, 2023

Over the course of the projection period, there are expected to be numerous profitable growth prospects in the global market for voluntary carbon offsets. This growth can be ascribed to the diverse applications for these offsets, including landfill methane projects, renewable energy, and various others. Since they enable entities such as enterprises, non-profit organizations, governments, institutions, people, and other sorts of organizations to neutralize their carbon emissions, by achieving balance, organizations are able to limit emissions that occur outside of their regulatory framework thus, voluntary carbon offsets are very useful.

Due to organizations' responsibilities under the Kyoto Protocol and liability under the EU Emissions Trading Scheme, there is an increasing demand for voluntary carbon offsets. The demand is increasing further as a result of rising health consciousness and medical concerns, which encourage the expansion of this industry.

"Business Research Insights™ predicts that the"" ""Voluntary Carbon Offsets Market"" could be worth USD 778.9 million by the end of 2028." From an annual valuation worth "USD 370.5 million in 2021", the industry share is projected to rise at an "11.2% CAGR during 2022-2028".

Business Research Insights™ Presents the Top 5 Voluntary Carbon Offset Makers Globally

1. South Pole Group (Switzerland)

Swiss carbon finance advisor South Pole was established in Zurich, Switzerland, in 2006. Business activities of South Pole include venture and innovation financing, information and advice on sustainability risks and possibilities, as well as the creation of environmental products including emissions and renewable power allowances. The business has 23 locations in North and South America, Asia Pacific, Africa and Europe.

2. Terrapass (U.S.)

In response to people's worries regarding the environmental effects of using cars, TerraPass was established in 2004. With 2,400 subscribers in its first year, TerraPass swiftly attracted attention to the greenhouse gas emissions of several sectors, such as the energy and aviation industries. Additionally, TerraPass widened their audience to include businesses and organizations that wanted to lessen their carbon footprint and were aware of the growing worries about climate change and global warming. Overall, TerraPass found itself in the advantageous position of offering goods and services that were highly sought after by a wide range of people.

3. Eco Act (France)

With locations in North America and Europe, Eco Act is a well-known consulting company for carbon strategy. The company's role as a climate consultancy and project designer aids companies and organizations in achieving their climate goals. They aid businesses in providing corporate sustainability strategies for a low-carbon environment by demystifying the difficulties and issues involved.

4. Carbon Credit Capital (U.S.)

Managing carbon offsets is the business of carbon credit capital. They specialize in bringing together national and international partners to launch high-caliber carbon emission reduction initiatives in emerging and developed economies. Along with enterprises, non-profits, local enterprises, and colleges, they collaborate to reduce greenhouse gas emissions, offer climate awareness, and accomplish environmental responsibility.

5. GreenTrees (U.S.)

In order to reduce global warming below the two-degree Celsius threshold, GreenTrees is widely implementing nature's own technology, trees. But their mission goes further than just addressing climate change and growing trees. They are establishing woods to promote biodiversity, purify the water, and generate employment. GreenTrees develops their forest construction initiative using a river system approach, beginning in the Mississippi Alluvial Valley. To date, they have helped plant 100,000 acres of trees by working with close to 500 landowners. They are now the nation's top voluntary market seller of forestry carbon offsets due to their size.

How has COVID-19 Impacted the Market for Voluntary Carbon Offsets?

Significant influences were seen on the world market for voluntary carbon offsets. Due to the pandemic's various restrictions, there were less gas and carbon production, which led to a decline in the need for carbon footprint monitoring systems. However, strict laws and guidelines resulted in a decrease in carbon footprints, which benefited the planet. Strict regulations and laws caused lockdowns, social withdrawal, and a halt to operations, which cut greenhouse gas emissions. Due to the recovery of economic activity, there was a resurgence in the market for voluntary carbon offsets.

How will the Voluntary Carbon Offsets Industry Fare in the Coming Years?

In the upcoming years, the market for voluntary carbon offsets appears to be very promising. This can be related to the fact that they assist businesses in reducing their carbon gas emissions and that businesses are increasingly attempting to do so by utilizing sustainable techniques. The future of voluntary offsets shows potential since key players are actively pursuing organic and organic growth methods as well as creating fresh market trends.