Carbon Offsets: Strategic Intelligence

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Published: August 05, 2025 Report Code: GDTMT-TR-S650-TH

Report Overview
Key Players
Table of Contents

Carbon offsets are tradable certificates representing one tonne of carbon dioxide (CO₂) either avoided or removed from the atmosphere. Companies use them to compensate for emissions and support claims of being carbon-neutral or achieving net zero. Offsets can be generated from various projects, from forest protection to carbon removal technologies.

Scope

This report provides an overview of carbon offsets, a major topic within the ESG theme.

It includes a comprehensive introduction to carbon offsets and how they are used to offset carbon emissions.

It includes a guide to corporate offset strategies and advice on how companies should approach carbon offsets, along with GlobalData’s carbon offsets value chain. This has four segments: project developers, carbon validators, intermediaries, and end-users.

Also included is an overview of the carbon offsetting strategies of large companies across six sectors: consumer, energy, financials, healthcare, industrials, and tech, media, and telecom.

Key Highlights

Estimates of the size of the carbon offsets market in 2024 range from $1 billion to $2 billion, with forecasts projecting growth to as much as $250 billion by 2050. However, demand has stalled since 2021 following a series of scandals. Many projects were found to be overstating their impact. For example, Apple faces a lawsuit over its “carbon-neutral” Apple Watch, which critics say relied on questionable projects. To mitigate these risks, buyers are adopting tighter quality controls such as carbon ratings, avoiding certain project types, and prioritizing removal over avoidance offsets. These practices are reshaping market pricing. Project developers must invest in transparency and monitoring technology to build buyer trust.

Reasons to Buy

The carbon offset market experienced rapid growth in the five years following the 2015 Paris Agreement, which spurred both countries and companies to take climate action. Between 2015 and 2020, the number of offsets issued climbed by 236% from 67 million in 2015 to 223 million in 2020, while the number retired by companies rose by 303% from 41 million in 2015 to 166 million in 2020. The market then began to plateau. Credit retirements have hovered between 165 million and 190 million from 2020 to 2024. Doubts over offset quality have contributed to the market’s stagnation, but have also not led to any significant decline.

This report will help you understand more about carbon offsets and provide guidance on how to incorporate them into your net-zero strategy.

1st Climate Solutions
280 Earth
3Degrees Group
Above Food Ingredients
Accend
Accenture
ACE
ACEN
Adani Green Energy
Aenor International
Agasco
Agfor Brazil
Agreena
Agriculture & Nature Solutions
Air France-KLM
AirCarbon Exchange
Airhive
Alibaba
Alkali Earth
American Carbon Registry
American Refrigerants
Ampere
AmSpec
Anew Climate
Anthesis
Aperam BioEnergia
Apple
Applied Carbon
Apraava Energy
ARC
Atmosfair
Auren Energia
Australian Food & Agriculture
Azure Power
BeZero Carbon
BGC Group
BioCarbon Registry
Biochar Life
BioCirc
Bluesphere Carbon Exchange
BluSmart Mobility
BNP Paribas
Boeing
BP
Braemar
Bureau Veritas
Bussme Energy AB
Calyx Global
Camco International
Canada Growth Fund
Capture6
Carbofex
Carbon Capture
Carbon Check
Carbon Engineering
Carbon EX
Carbon Limit
Carbon Lockdown
Carbon Market Solutions
Carbon Registry-India
Carbon shield
Carbon Standards International
Carbon Tanzania
Carbon To Stone
Carbon Trade Exchange
CarbonCore
Carbonext
Carbonfuture
Carbonmark
Carbonplace
CarbonX
CCQI
CDP
CEEZER Software
CGN Certification
Charm Industrial
Chestnut Carbon
Chevron
Chicago Mercantile Exchange
CI-Energies
Clarksons
Climate Action Reserve
Climate Focus
Climate Impact Partners
Climate Impact X
Climate Trade
ClimeCo
ClimeFi
Climeworks
CLP Wind Farms
CME Group
CO2balance UK
Connecticut Green Bank
Cool Effect
C-Quest Capital
Deep Sky
Delhi Metro Rail
DevvStream
Dow Chemical
Earthly
ECOA Climate Capital (BURN)
EcoAct
EcoLance
EcoRegistry
"Ecosecurities "
EKI Energy Services
Engie
Eni
EPIC Sustainability Services
Etsy
European Energy Exchange
Evolution Markets
Exomad Green
First Climate
First Environment
Flowcarbon
Flux Carbon
Focus Impact
Forest Resource Solutions and Technologies
Fortum India
GHG Protocol
Global Carbon Council
Gold Standard
Gold Standard Marketplace
Goldman Sachs
Graphyte
Greenko Energy
HDFC Bank
Hedonova
Hermes
HSBC
IBM
ICVCM
Impact Carbon
Industrial and Commercial Bank of China
Intercontinental Exchange
International Carbon Registry
International Holding
Intertek Group
Intuit
Intuitive Surgical
ISO
Ivy Protocol
Jaiprakash Power Ventures
Johnson & Johnson
JP Morgan
JPMorgan
JSW Energy
Kosher Climate India
Kweichow Moutai Co Ltd
Lenovo
Levitree
Linde
Living Carbon
L'Oreal SA
LVMH Moet Hennessy Louis Vuitton SE
Mast Restoration
Mastercard
McDonald's
Merck
Mercuria
Meta
MethaneRx
Microsoft
Milkywire
Mitsubishi UFJ Financial Group Inc
Mombak
Morgan Stanley
MSCI
Nestle SA
Netflix
Ningxia Zhongwei Aluminum New Energy
Nori
Novartis
Novo Nordisk
Novocarbo
NTT
Nvidia
Occidental Petroleum
Oracle Corp
Pachama
Pacific Biochar
Palantir Technologies Inc
Palm Global
Panchama
Patch
PepsiCo Inc
PetroChina
Philip Morris International
Philip Morris International Inc
Plan Vivo Registry
Planboo
Planeteers
PLN (Persero)
Primax Colombia
Profit Carbon Environmental Energy Technology
Puro.Earth
Qualcomm Inc
Rayonier
RegenCo
Reliance Industries
ReNew Energy Global
Renoster
Revaia
Roche
Royal Bank of Canada
RTX Corp (formerly Raytheon)
S&A Carbon
S&P Global
Salesforce
Samsung Electronics
Sanko Energy
SAP
Saudi Arabian Oil co
Saudi Aramco
SBTi
SCB Group
Schneider Electric
SCS Global Services
Sembcorp Industries
Senken
ServiceNow
Shell
Siemens
Social Carbon Registry
South Pole
Stripe
Stripe Climate
SustainCERT
Swiss Carbon Assets
Sylvera
Sylvera Marketplace
Takeda
Takeda Pharmaceutical
Tencent Holdings
Terpel
Terradot Soil
Terrapass
Tesla
Texas Instruments Inc
The African Stove Company
The Boeing Co
The Charles Schwab Corp
The Coca-Cola Co
The Home Depot
The Procter & Gamble Co
The Rohatyn Group
The Walt Disney Company
Timberline Energy
T-Mobile US Inc
Toucan Protocol
Toyota Motor
Trafigura
TSMC
TÜV SÜD
Uber Technologies Inc
UN Carbon Offset Platform
UnitedHealth Group Inc
VCMI
Verifit
Verizon
Verra
Vertree
Vesta
Visa
Walmart
Watershed
Wells Fargo
Wind World (India)
Xiaomi Corp
Xpansiv
Xpansiv CBL
Yamato Transport
Zuvan Energy

Executive Summary

Players

Thematic Briefing

Trends

Industry Analysis

Signals

Value Chain

Companies

Carbon Offset Strategies

Glossary

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