A recent report by IDTechEx highlights the growth of the engineered carbon dioxide removal (CDR) market, projecting revenues from engineered CDR credits to exceed $14 billion by 2035.
The report evaluates various technologies for CO2 removal, including direct air capture (DAC), biochar, enhanced rock weathering, and others. It emphasizes the increasing demand for engineered CDR solutions alongside nature-based methods to meet global climate targets by 2050. The study also notes advancements in electrochemical approaches for energy-efficient carbon removal and their compatibility with renewable energy sources. Additionally, the DAC sector is anticipated to achieve megatonne-level CO2 removal by 2025.
Link to the report: Carbon Dioxide Removal (CDR) 2025-2035: Technologies, Players, Carbon Credit Markets, and Forecasts: IDTechEx