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ClimeFi Contributes to WEF Article: 'The path to net zero requires carbon removal'

Written by
ClimeFi Insights
Published on
20 January 2025
ClimeFi Contributes to WEF Article: Tradeoffs in Scaling Carbon Removal for Net Zero

ClimeFi's Co-Founder Sebastien Dewarrat was pleased to collaborate with the World Economic Forum's on the blog piece Energy Transition - 'The path to net zero requires carbon removal. Here are the tradeoffs for scaling different technologies' which covers the critical role of carbon removal in achieving net-zero targets. Scaling carbon dioxide removal (CDR) technologies by 25 to 100 times by 2030 is crucial to meeting global climate goals.

Biochar, a nature-based solution, leads the way in both cost-effectiveness and carbon efficiency due to its low energy requirements, making it one of the most viable options for widespread adoption. In contrast, technologies like Direct Air Capture (DAC) require substantial investment to overcome scalability challenges, including high capital costs and energy demands.

The carbon removal sector faces a substantial scaling gap. As of 2023, global CDR capacity was around 41 million tons of CO₂ per year — a fraction of the 1–1.5 gigatons required to meet 2030 net-zero targets. With the right policy support, technological advancements, and cross-sector collaborations, these technologies can scale to the megaton levels needed in the coming decades.

For more insights on these crucial technologies, check out the full piece at World Economic Forum here.

To learn more about market dynamics, pricing, and offtake structures for CDR technologies, look out for the upcoming report Carbon Removal Offtakes: Scaling Technologies and Markets for Net Zero, developed by the First Movers Coalition in partnership with Oliver Wyman and ClimeFi.