North America Leads Global REC Market Amid Strong Renewable Policy...

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2025-05-20 10:27:48 -

North America Leads Global REC Market Amid Strong Renewable Policy Support

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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