Carbon Dioxide Removal (CDR) refers to a set of technologies and natural processes aimed at extracting carbon dioxide (CO₂) from the atmosphere and storing it permanently to mitigate the impacts of climate change. While reducing emissions remains crucial, CDR offers a complementary approach to addressing residual emissions and achieving net-zero or net-negative carbon goals.
While reducing emissions remains crucial, the current levels of CO₂ in the atmosphere make removal technologies essential to achieving climate goals from enhancing natural processes to deploying advanced technologies.
The global Carbon Dioxide removal (CDR) market has experienced remarkable growth in the past decade. Valued at $1.5 billion in 2023, it is expected to reach $25 billion by 2029, with a CAGR of 49%. Factors such as increasing climate change concerns, stringent carbon reduction policies, and rapid advancements in CDR technologies are driving this growth.