Middle East Carbon Credit Market Size, Share & Trends Analysis Report By Type (Compliance, Voluntary), By End-use (Power, Energy, Aviation, Transportation, Buildings, Industrial), By Project Type, By Country, And Segment Forecasts, 2025 - 2033

Middle East Carbon Credit Market Summary

The Middle East carbon credit market size was estimated at approximately USD 4.72 billion in 2024 and is projected to reach USD 31.28 billion by 2033, growing at a CAGR of 19.9% from 2025 to 2033. Carbon credit deployment in the region spans renewable energy projects, industrial decarbonization initiatives, and voluntary offset schemes, serving diverse sectors such as oil and gas, manufacturing, utilities, and transportation.

National frameworks like Saudi Arabia’s Carbon Circular Economy (CCE) initiative, the UAE’s Net Zero by 2050 strategy, and Qatar’s National Climate Change Action Plan are accelerating investments in carbon capture, renewable power generation, and offset trading platforms to meet emission reduction targets.

Countries across the Gulf Cooperation Council (GCC), Turkey, and Israel are increasingly integrating carbon credit mechanisms into domestic and international climate commitments, while supporting corporate decarbonization and ESG compliance. Market growth is driven by rising corporate demand for voluntary offsets, government-backed carbon pricing frameworks, and increasing participation in global carbon trading platforms. Advanced mechanisms such as carbon capture, utilization, and storage (CCUS), nature-based offsets through afforestation projects, and renewable-linked credits are gaining traction as companies seek credible pathways to reduce their carbon footprint. Cross-border initiatives such as the GCC carbon market integration and collaborations with the European Union’s Emissions Trading System (EU ETS) are expected to enhance liquidity and open new opportunities for Middle East participants. With leading players such as Saudi Aramco, Masdar, ADNOC, and First Abu Dhabi Bank spearheading large-scale carbon reduction and trading programs, the market is positioned for strong growth and increasing global relevance over the next decade.

Middle East Carbon Credit Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East carbon credit market report based on type, project type, end-use, and country:

• Type Outlook (Revenue, USD Million, 2021 - 2033)
• Compliance
• Voluntary
• Project Type Outlook (Revenue, USD Million, 2021 - 2033)
• Avoidance / Reduction projects
• Removal / Sequestration projects
• Nature Based
• Technology Based
• End-use Outlook (Revenue, USD Million, 2021 - 2033)
• Power
• Energy
• Aviation
• Transportation
• Buildings
• Industrial
• Others
• Country Outlook (Revenue, USD Million, 2021 - 2033)
• Middle East
• UAE
• Saudi Arabia
• Israel
• Oman
• Qatar

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