2️⃣The Environment and Market Driven Need for Carbon Removal

The scientific consensus is clear: achieving the Paris Agreement's goal of limiting global warming to well below 2 degrees Celsius requires not only reducing emissions but also actively removing CO2 from the atmosphere.

UN IPCC

The United Nations Intergovernmental Panel on Climate Change (IPCC) emphasizes the critical role of carbon dioxide removal (CDR) in achieving climate targets. This is because even if all emissions halt today, the existing CO2e in the atmosphere would continue to drive global warming for decades to come.

McKinsey market estimate: 1.2 trillion USD.

Leading firms are projecting significant growth in the carbon removal market. McKinsey estimates the entire carbon dioxide removal industry, encompassing investments, revenue, and the overall ecosystem, to reach a staggering 1.2 trillion USD by 2050. This highlights the emergence of carbon removal technologies as a major economic force.

Morgan Stanley voluntary market estimate: 100 billion USD in 2030

Furthermore, Morgan Stanley specifically analyzed the market for voluntary carbon offsets, predicting a surge from 2 billion USD a few years ago to 100 billion USD by 2030. This signifies a rapidly expanding market with substantial financial opportunities within the next five years.

These projections underscore the growing importance of carbon removal solutions and the significant investment flowing into this sector. As the world seeks to combat climate change, innovative technologies and market mechanisms will play a crucial role in driving the transition to a low-carbon economy.