2024 CDR Market - A Year In Review

Explore the latest insights from our 2024 CDR Market Review. The report highlights pivotal trends in the 2024 CDR market, including Biomass-CDR’s dominance and a notable decline in DAC’s share. Public funding surged, with Sweden and Denmark committing $5 billion to advance carbon removal technologies.

Key buyer trends, such as the portfolio approach and heavy reliance on three major buyers (representing 90% of purchases), underscore the need for greater buyer diversification to ensure long-term sustainability. Regional shifts, particularly Europe’s focus on BECCS solutions, reflect evolving strategies to meet large-scale net-zero ambitions while ensuring credibility and permanence.