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In today’s world, CDRs are becoming increasingly recognized as vital to reaching global net-zero emissions goals, and they are expected to play a vital role in neutralizing residual emissions. According to the IPCC, most scenarios aligned with the Paris Agreement project substantial CDR capacities of six to ten metric gigatons of CO2 in annual CDR capacity by 2050. A recent and very insightful report, prepared by McKinsey and contributors from different sectors shortly after COP28, titled "Carbon Removals: How to Scale a New Gigaton Industry", explores the massive potential of CDRs and provides a comprehensive overview of the gigaton-scale carbon dioxide removal industry. Key findings include the identification of various CDR technologies and their different deployment barriers, as well as technology and policy pathways that could drive scalability and affordability. The report also highlights the sectors in which CDRs are most relevant today, including oil and gas, energy-intensive industries such as cement and steel, aviation, shipping, and agriculture. Furthermore, it provides key takeaways for various stakeholders, including governments, investors, and corporates, to unlock the potential of these technologies. Out of the toolbox of critical technologies that can aid in the achievement of global climate goals, CDRs are increasingly gaining recognition as one that can remove all the carbon that has been historically dumped into the atmosphere. By increasing our CDR efforts alongside other decarbonization levers, we can reframe the conversation around decarbonization as an opportunity to create a more sustainable and resilient world. Check out the report in the link below. Interested to hear my network's thoughts and opinions. #CarbonRemovals #NetZero #Sustainability

A transformative read shared by Adel Seif El Nasr 🌍🚀 The "Carbon Removals: How to Scale a New Gigaton Industry" report uncovers the critical role of Carbon Dioxide Removal (CDR) strategies as we march towards our net-zero ambitions. As the report by McKinsey postulates, with the right technological advancements and policy frameworks, we can boost the scalability and affordability of CDRs across industries like oil & gas, cement, steel, aviation, shipping, and agriculture. These insights not only pave the path for environmental action but also highlight the immense potential for innovation and economic growth within the realm of sustainability. By delving into the various deployment barriers and the necessity for cross-sector collaboration, the report serves as a clarion call to governments, investors, and corporates alike to embrace the challenge and transform it into an opportunity for a greener future. Thank you, Adel, for bringing this pivotal discussion to the forefront. The journey to a sustainable planet is complex, but with shared knowledge and collective effort, the possibilities are as vast as the skies above us. Let's keep the conversation going. What are your thoughts on the potential impact of CDR technologies in our quest for a sustainable future? #carbonremovals #sustainability #climateaction

🌐 Unlocking Net Zero: CDR Market Insights! 🌱   📊 The latest report unveils a gap in CO2 removal (CDR) capacity crucial for net-zero 2050 goals.   🌍 Key findings:   1.     IPCC highlights CDR's pivotal role for net zero. 2.     CDR competency to be a core management responsibility by 2050.   🚀 Report Highlights:   ·      Market potential analysis. ·      Investment needs and trends. ·      Strategies to scale CDR. ·      First-mover advantages across stakeholder groups.   🔗 Read Report: [https://hubs.ly/Q02dF04y0]   #CDR #NetZero2050 #Sustainability #ClimateAction 🌿

The IPCC underscores Carbon Dioxide Removal (CDR) as vital for achieving net zero by 2050. This report delves into CDR's market potential, investment needs, and trends, outlining actions and advantages for early adopters. CDR becomes critical post-decarbonization to neutralize "hard-to-abate" emissions. Estimates suggest six to ten gigatons of annual CDR capacity by 2050, demanding immediate efforts. For net-zero claims under the SBTi, businesses must consider CDR after decarbonization. Closing the net-zero gap requires a mix of nature-based (NBR) and technology-based removals (TBR), with NBR cost-effective for near-term solutions, and TBR ensuring durable, long-term effectiveness. Accelerating TBR scale-up demands prompt investment and innovation. 🌍🔍 #ClimateAction #CDR #NetZero #sustainabilityjourney #decarbonization #lowercarbonfootprint #smartset #bleasuire #corporatetravel #businesstravel #corporategoals #green #esg #csrd #eubill #sustainablebusiness #businessrental #outfitrental #businessattire

🌍 Capitalizing on the Carbon Dioxide Removal (CDR) Industry's Trillion-Dollar Potential 🌿 The #CDR industry is a key player for unlocking capital investment to achieve net-zero by 2050. According to @McKinsey & Company the CDR industry could represent a market of up to $1.2 trillion per annum by 2050. 🔑 Key Insights 1. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵: The CDR industry is set to surge, reaching $40 - $80 billion by 2030 which is indicative of extensive market expansion and economic opportunity. 2. 𝗘𝗮𝗿𝗹𝘆 𝗠𝗼𝘃𝗲𝗿𝘀: Investors, suppliers, buyers, and intermediaries that enter early could gain a strategic and competitive edge by obtaining market insights and building key relationships. 3. 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗳𝗼𝗿 𝗛𝗮𝗿𝗱-𝘁𝗼-𝗮𝗯𝗮𝘁𝗲 𝗦𝗲𝗰𝘁𝗼𝗿𝘀: CDR are key to neutralising emissions of enterprises for which emission reduction is technologically and cost prohibitive. Sectors with unabatable emissions have the highest incentive to invest early in CDR solutions to secure a steady supply of removals that could further their climate agenda. 4. 𝗠𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲𝘀 & 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀: The industry could converge towards a few dominant marketplaces. Those setting robust standards and providing quality assurance earlier will attract buyers and mold industry norms. 🌐 The CDR industry is more than environmental stewardship, it's a pathway to outstanding economic growth. Read more ⬇  https://lnkd.in/eAXqABBj 

The case for carbon dioxide removal solutions (CDR). In 2022, the #IPCC published the Sixth Assessment Report (AR6). AR6 provided updated mitigation pathways for long-term goals, a component of which was CDR. But whilst all available pathways "require at least some form of CDR to reach net zero...", AR6 lacked the data to provide greater depth around this crucial lever. The below study bridges that gap, concluding that: - 80% of net GHG reductions and net zero #CO2 between 2020 and 2030 come from deep cuts in gross emissions. - 10% of net GHG emission reductions between 2020 and 2030 will come from afforestation and reforestation. - For Asia, where there is slower near-term action, CDR grows to 20%+ of regional net GHG reductions by 2050. - Conventional land removals have a higher near-term cost-effective mitigation potential when compared to novel carbon removal options (i.e. direct air capture). This will dissipate over time as land scarcity and storage permanence become more challenging. - Novel removal options may provide more cost-effective CDR in the longer term with lower permanence concerns compared to conventional removals on land. - Each solution has their drawbacks when deployed at scale, ranging from impacting local communities (for land-based solutions), through to energy demand (for direct air capture). For perspective, conventional land-based CDR removes ~2Gt CO2 per annum, whilst more novel solutions remove 2Mt CO2 per annum. I have seen commentary around the efficacy (or lack thereof) around more novel solutions (i.e. direct air capture), and whilst the economics are far from palatable right now - is that reason to restrain investment and innovation that could lead to material impact in the years ahead? Something to chew on. Source: https://lnkd.in/gZDmJ7uP

The State of Carbon Dioxide Removal 2nd Edition is a must-read report for those exploring the carbon removal space. According to the IPCC, there is no path forward without a material scale-up of CDR solutions. This report highlights the work ahead of us in scaling the industry. https://lnkd.in/dUb2KSrk You will find an insightful summary in the post below. Check out my additional thoughts on the need and the opportunity for novel CDR solutions in the attached article: https://lnkd.in/e2mtApU4 Carbon Removal Canada

🔥 The 2024 State of CDR Report is out! 🔥 ❓ Are we actually on track to scale carbon dioxide removal (#CDR) to the levels we need? And how much exactly do we really need? 💡 The State of CDR Report (#SoCDR), now in its second edition, is your one-stop shop to answer these and many other questions. It brings together the brightest minds in CDR to compile an impressive 200 page report covering everything from policy, to R&D, to the market, and much more. Here are some highlights I took away from reading it: 🎯 Targets: we will need between 3.8 Gt in 2050 (very unlikely) to 9.8Gt of CDR per year by 2050. The amount of CDR proposed by governments around the world falls way short of what is required to meet the Paris temperature goal – the so-called #CDRgap. 📊 Amounts: today, we remove over 2 Gt/year already. However, novel CDR accounts for only around 0.0013 Gt of this leading with biochar carbon removal (#BCR) at 0.79 Mt, #BECCS at 0.51 Mt, #DACCS at 0.004 Mt, and enhanced weathering (#EW) at approximately 0.03 MtCO2. 📈 Models: almost all 630 IPCC models include conventional CDR (620), most include BECCS (601), some DACCS (217), but almost none EW (15) or BCR (1). Shocking to me how low these last two numbers are given the potential of non-CCS CDR methods. 💱 Voluntary carbon market (#VCM): credits issued for conventional CDR fell in 2023 from 20.4 million to 13.3 million, while purchases of future novel CDR credits grew from 600,000 to 4.6 million. The VCM accounts for only 2% of total carbon trade, with compliance markets (emissions trading schemes) covering the other 98%. 💵 Price: on average, credits from conventional CDR methods (which ranged from $12 to $16 in 2023) cost three times more than credits generated from emission reduction or avoidance projects. The average weighted price for novel CDR credits (which ranged from $111 to $1,608 in 2023) exceeds the price for credits from emission reduction or avoidance projects by a factor of 100. 😍 Finally, I was glad to see a whole chapter dedicated to monitoring, reporting, and verification (#MRV). The report rightly points to the central role MRV will play in scaling CDR to climate relevance, as well as the huge complexity we currently see in the market. This is the raison d’etre of Carbonfuture, and we look forward to helping solve this challenge. 🔗 I highly recommend reading the full report - download it here: https://lnkd.in/dUb2KSrk 👏 Shout-out to the Smith School of Enterprise and the Environment - University of Oxford as well as the lead authors for their outstanding work: Steve Smith, Oliver Geden, Matthew GIDDEN, William F. Lambi, Greg Nemet, Jan Minx, Holly Jean Buck, Josh Burke FRSA, Emily Cox, Edward Morgan, Sabine Fuss, Injy Johnstone, Finn Müller-Hansen, Julia Pongratz, Benedict Probst, Stephanie Roex, Felix Schenuit, Ingrid Schulte, Naomi E. Vaughan and all the incredible co-authors. ⁉️ What do you think? What resonates most? Anything you feel is missing?

Important report detailing the state of carbon dioxide removal (CDR) technology.

Great key takeaways from our #StateofCDR report 👇