2024 marked the hottest year on record, with temperatures exceeding 1.5°C above pre-industrial levels. While reducing emissions remains critical, it's clear that carbon removal must scale rapidly to tackle the dangerous levels of greenhouse gases in the atmosphere. By 2050, we need to remove 7-9 billion tonnes of CO₂ annually, according to Oxford Smith School's State of CDR Report.
Our latest blog looks at how we can unlock the carbon removal market in 2025. Highlights include:
🌿Nature is a powerful ally in carbon removal, delivering co-benefits like improved soil health and flood resilience.
🔑 Engineered solutions are crucial for long-term carbon storage, requiring robust infrastructure and innovation.
📈 The Voluntary Carbon Market (VCM) is evolving, emphasising quality, transparency, and trust. Demand is shifting towards high-quality nature-based and engineered removals, supported by offtake agreements and advanced market commitments like Frontier Climate’s $1 billion pledge.
🏛️State-level support is growing, with countries like the U.S., EU, and Japan leading the way in policy and funding innovation, such as Contracts for Difference for carbon removal.
The challenge for 2025: Mobilising private capital and corporate commitments to ensure early-stage carbon removal projects can scale, while maintaining transparency and impact integrity.
So, will 2025 be the year of mobilising capital to innovative carbon removal technologies?
👉 Read our full blog https://lnkd.in/eDKpTrd6
💡Join us at the Economist Impact events Carbon Capture Summit, where influential decision-makers will gather to explore the latest trends in carbon capture technologies. The event in Amsterdam on February 6th 2025 will focus discussions on accelerating business transformation and driving CCUS projects. Register now: https://lnkd.in/ePtr6kzN
#ClimateAction #CarbonRemoval #EconSustainability