Posted: 27 Jun 2024 Resource Type: Research Report Download Back $100bn The global carbon dioxide removal market may reach up to $100bn a year between 2030 and 2035 There is immense potential in the global carbon dioxide removal (CDR) market, which may reach up to $100 billion a year between 2030 and 2035, if barriers to scale are addressed. Demand for CDR credits is growing but is still insufficient to support necessary investment levels to meet net-zero targets. Key actions which can help overcome these barriers include as articulating the role of removals in the UK's net zero strategy, providing guidance to companies on their appropriate role, establishing clear thresholds for monitoring, verification, and reporting, including removals in compliance markets, detailing subsidy and support mechanisms, and supporting the development of the CDR financial market ecosystem. This report, produced in association with Oliver Wyman and the UK Carbon Markets Forum, identifies major barriers to CDR demand, and outlines key supply-side constraints while highlighting key actions that the industry and public sector can take to support the development of the CDR market. Addressing these barriers is crucial to unlocking the market's full potential and achieving global climate goals. Helping economies worldwide tackle climate challenges The Global City sustainable finance hub The Global City sustainable finance hub Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Case Study Thought Machine | making strides in the US market Jun 2024 - We spoke to Brad Steele, General Manager of the Americas and Managing Director about Thought Machine’s successful expansion to the US. Thought Machine | making strides in the US market Thought Piece Is American trade policy protectionist? Jun 2024 - Ed Price looks at today’s US trade policy - what it is and what it’s not. Is American trade policy protectionist? Thought Piece The growth in crypto Jun 2024 - In his latest blog from Brussels, Nick Collier looks at the latest innovation in cryptocurrencies, and the regulatory response in the EU and UK. The growth in crypto Research Report Financial and professional services: the future of AI and the workforce Jun 2024 - This report provides a in-depth look at how AI and genAI are transforming the sector, the roles and skills required to be globally competitive Financial and professional services: the future of AI and the workforce