As the climate crisis accelerates, the importance of Carbon Dioxide Removal (CDR) cannot be overstated. Even with robust emission reduction plans for 2030, 2040, and 2050, and the knowledge that 5-10Gt of carbon will need to be removed annually in a net-zero world, CDR efforts are still largely driven by voluntary corporate initiatives within carbon markets.
For Companies:
• Corporations can innovate and implement CDR strategies quickly, aligning with sustainability goals and public expectations.
• However, relying solely on corporate initiatives is unlikely to meet the massive global carbon removal needs.
For Countries:
• CDR projects are in the early stages, requiring R&D, prototyping, and pilot programs. Governments are well-positioned to provide funding and support until these solutions are scalable.
• State-run carbon banks could manage pricing, supply, and demand for CDR credits, integrating carbon removal into national emission strategies and fostering a systematic approach.
While companies can drive early innovation, combating climate change at scale requires significant national frameworks and funding. A collaborative approach between governments and corporations may clarify uncertainties and enable scalable carbon removal solutions.
Who should take the lead in scaling up carbon removal—governments or corporations? Share your thoughts on how responsibilities should be divided.