Global REC Market Expands Amid Rising Demand for Clean Power and...

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2025-05-20 10:26:35 -

Global REC Market Expands Amid Rising Demand for Clean Power and Carbon Offsetting

The global renewable energy certificates (REC) market size was valued at USD 25.64 billion in 2024. It is expected to grow from USD 28.16 billion in 2025 to USD 66.74 billion by 2034, at a CAGR of 10.1% during 2025–2034. RECs serve as a market-based instrument that certifies the bearer owns one megawatt-hour (MWh) of electricity generated from a renewable energy resource. They provide a...

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