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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.
