CDR.fyi

🦃 As the US celebrates Thanksgiving, what are you most thankful for in the development of the durable CDR market? - Microsoft's purchases driving the total volume - 45Q subsidy for DACCS in the US - approval of CRCF framework in the EU - agreement on Article 6.2 & 6.4 at COP 29 💬 Let us know your thoughts in the comments below.

📰 We are back with another edition of "This Week in CDR" - a weekly round-up of some of the top news, developments, and market updates from the world of durable carbon removal. Here are some quick highlights: 🤝 AXA Switzerland's first durable CDR deals worth 3,750 tonnes with InPlanet and neustark 💸 Arca and Carbon Engineering secure investment from the Canadian government 📈 RMI's new article breaking down the scale of CDR needed by 2050 🍃 A free guide on the basics of biochar carbon removal by biochar zero 🔗 Read on to learn more in the latest edition of This Week in CDR here: https://lnkd.in/gVmjXsNq

🚨 New CDR Leader Alert! 🚨 🤝 AXA Switzerland announced the purchase of 1,950 tonnes of CDR from InPlanet and 1,800 tonnes from neustark respectively. 🚚 This is AXA Switzerland's first durable CDR deal to date and the tonnes will be delivered from 2026 to 2030. 📈 neustark has now sold over 127,000 tonnes of CDR to date. ⬆ Inplanet moves up to 56th on the CDR.fyi Supplier Leaderboard 📊 neustark continues to stand 11th on the CDR.fyi Supplier Leaderboard 🆕 At 49th, AXA Switzerland is the newest entrant to the CDR.fyi Purchaser Leaderboard. 🔗 Read the full announcement here: https://lnkd.in/gqZaA686

📣 Post-COP29: Key Takeaways for Carbon Dioxide Removal 🌍 With COP29 recently concluded, there have been significant developments in carbon removal and carbon markets. As the global conversation shifts to implementing these changes, several webinars are lined up to dive into the outcomes and their implications for CDR. 💡 Don’t miss these insightful sessions this week and the next, where industry leaders and experts will discuss the future of carbon removal and what COP29 decisions mean for the sector. Stay informed by joining these webinars on our CDR Events Calendar: ⭐ Key Takeaways from COP16, COP29, and the Path Forward - MSCI Inc. 📅 November 26 | 8AM ET 📌 Webinar ⭐ Post COP29 briefing: what was agreed? - BeZero Carbon 📅 November 27 | 📌 Webinar ⭐ COP29 Recap: Takeaways and Next Steps - AirMiners 📅 November 28 | 3.30 PM ET 📌 Webinar ⭐ Carbon Removal Takeaways from COP29 by Carbon Business Council 📅 December 3 | 9AM ET 📌Webinar ............................................................................................................................................................ Explore more upcoming CDR events: ⭐ WBCSD Launch Webinar: Carbon Dioxide Removal and the Journey to Net Zero - WBCSD – World Business Council for Sustainable Development 📅 December 3 | 8AM ET 📌 Webinar ⭐ Carbon Removal Tech & CDR Markets - Centre for Management Technology 📅 December 5 📌 Tokyo ⭐ The new era of climate finance: A year-end review and look at what’s ahead for carbon markets - Patch 📅 December 6 | 1.30PM ET 📌 Webinar ✅ Check out the CDR Events Calendar to register and subscribe to the calendar so you never miss any event in CDR: https://lnkd.in/ggjaRW-E  💬 ICYMI, check out "CDR Scoop Policy Scoop - CDR at COP29", on LinkedIn (featuring Sebastian Manhart and Eve Tamme) which discussed the implication of the recent adoption of Article 6.4 standards on CDR (link in the comments below.

📰 We are back with another edition of "This Week in CDR" - a weekly round-up of some of the top news, developments, and market updates from the world of durable carbon removal. Here are some quick highlights: 🌊 Planetary delivers the world's first Ocean Alkalinity Enhancement credits ⚖ A new bill to support tax credit in CDR gets introduced in the US Senate 💸 Paebbl secures a $2.2M grant from the Dutch government 💨 Skytree selected as a technology provider for the world's first 100% wind-powered DAC hub 🆕 Isometric released the world's first protocol for CDR via wastewater 🔗 Read on to learn more in the latest edition of This Week in CDR here: https://lnkd.in/gdYq6r3g 🔎 In case you missed it, last week we re-launched the Durable CDR Pricing Survey in partnership with OPIS, A Dow Jones Company. The survey, open for both purchasers and suppliers, aims to help market participants understand pricing expectations for durable carbon removal credits. It is open until December 6 and the full report will be distributed to respondents in January. ✅ To participate in the survey and learn more about it, use the link in the comments below.

🇫🇮 Fantastic Finland: A Growing Hub for Carbon Removal With 7 companies and 6 projects, Finland is emerging as a key player in durable carbon removal—not just in the Nordic region, but across Europe. 📈 Finland’s ambitious climate plan aims for net zero by 2035, targeting the removal of 21Mt of CO₂e by then. Biochar dominates its CDR market, with Finnish suppliers selling over 28,000 tonnes by the end of Q3 2024. The country also leads in research and innovation, driving CDR advancements alongside its Nordic neighbors. 🌍 From global CDR registry Puro.earth to Carbo Culture, home to one of Europe’s largest biochar plants with a capacity of 3,000 tonnes per year, Finland is setting benchmarks for scaling global carbon removal. 🤝 Notably, Carbofex was the first supplier in CDR.fyi's database, recording a transaction of 100 tonnes of CDR with Swiss Re over five years ago. 🙌 A big shoutout to Finnish innovators like Carbonaide, Soletair Power, Nordic Impact Oy, Soilwatch, and Ekovilla Oy for their vital contributions to the CDR ecosystem. 📌 Earlier this year, we launched a new feature allowing organizations to map their CDR projects and facilities. Learn more and add your project locations through the CDR.fyi Portal: https://lnkd.in/gee37U2n

🌍 Last week at COP29, new standards for methodologies and removals in the Article 6.4 Mechanism were officially approved by the conference of the parties to the Paris Agreement (CMA), setting the foundation to establish a global carbon market. ❓ How encouraged are you with the approval of the Article 6.4 mechanism at COP for CDR? - Very encouraged - Somewhat encouraged - Slightly encouraged - Not encouraged 🔎 To learn more about the Article 6.4 mechanism, check out Carbon Gap’s policy tracker on it: https://lnkd.in/eUA6g9FN  🗨 Share your thoughts in the comments below!

🌎 CDR.fyi Insight - Microsoft 📊 Accounting for 70% of total durable CDR volume through end-Q3 2024, Microsoft is setting the pace for durable CDR purchasing. ❓ What have been some of the key drivers of its CDR strategy? How does its decisive stance on durable CDR support its net zero commitments? What are some of the key lessons from its approach? To answer those questions and more, in this CDR.fyi Insight, we explore Microsoft’s durable CDR engagement and synthesize what other companies can emulate from their approach and strategy. Here are a few highlights: 1. Market Leadership: Microsoft has demonstrated unparalleled market leadership in contracted volume, positioning itself as a significant influencer in the CDR industry. 2. Strategic Investments: Microsoft’s purchases include both large-scale, long-term contracts and a diversified CDR portfolio of emerging CDR technologies. 3. Driving Industry Standards: Microsoft is not just participating in the CDR market but actively shaping industry standards and practices. 4. Bullets before Cannonballs: Microsoft’s purchases have included smaller, exploratory investments in emerging CDR technologies while prioritizing “anchoring scale.” 5. Net Zero Commitment: Microsoft’s leadership in durable CDR is a direct result of its ambitious net zero commitment, acting decisively in the present to seed the market and secure access to carbon removal credits in case of a potential future supply crunch. 📄 Read the full Insight here: https://lnkd.in/gECSsv-m ✨ Huge thanks to Isaac De León for leading the effort on this CDR.fyi Insight, and to Nadine Walsh, Tank Chen, and Alexander Rink for their contributions.

👏 A big congratulations to Planetary for delivering the world's first Ocean Alkalinity Enhancement (OAE) credits. 🌊 A total of 138 net tonnes of OAE credits, generated from Planetary’s project in Halifax Harbour, has been delivered to Frontier, with allocations to Shopify (96 tonnes) and Stripe (42 tonnes) under a 2023 prepurchase agreement. Also a big shoutout to Shopify, Stripe, Dalhousie University, and Nova Scotia Power, for their support in showcasing that OAE is a scalable, effective, and safe approach to addressing climate change.

📣 What an exciting line-out of events and webinars on #carbonremoval and #carbonmarket coming up in the next few weeks! Look at all these events on the CDR.fyi Events calendar! Be it webinars or panel discussions (across Berlin, Helsinki, and Toronto), there is an event for everyone! ✨ We're also excited to share that Tank Chen from our team will be moderating an event by Airminers to discuss Japan's growing role as a carbon removal hub. Check out the article on Japan's CDR strategy (link in the comments), written by Tank, that we published in August. ⭐ Carbon Removal in Japan: The GX League and Beyond by AirMiners 📆 November 22 | 4PM PST/7M ET 📌 Webinar ⭐ German Biochar Forum 2024: How to apply biochar in sustainability management and accounting - German Biochar e.V. (German Biochar Association) 📆 November 18-19 📌 Berlin/Hybrid ⭐ Fourth Annual Carbon Dioxide Removal Law & Policy Conference - Institute for Responsible Carbon Removal American University 📆 November 18 | 12 PM ET 📌 Webinar ⭐ This is CDR - The 2025 Carbon Removal Challenge - The OpenAir Collective 📆 November 19 | 9AM ET 📌 Webinar ⭐ Puro.earth "Carbon Dioxide Removal: Commercialisation Landscape" Panel at Slush 2024 📆 November 19 | 9AM ET 📌 Helsinki ⭐ Engineered Carbon Solutions: Exploring Innovation - Climate North 📆 November 20 | 6PM ET 📌 Toronto ⭐ Building Biochar Markets for Value & Scale - Grain Ecosystem 📆 November 20 | 10.30 AM ET 📌 Webinar ⭐ This is CDR - CDRjobs | The OpenAir Collective 📆 November 26 | 12PM ET 📌 Webinar ⭐ The Role of Carbon Removal: Tech, Policy, and Business Insights - The Transition Accelerator/ L’Accélérateur de transition 📆 November 27 | 1PM ET 📌 Webinar ⭐ COP29 Recap: Takeaways and Next Steps - Airminers 📆 November 28 | 10AM ET 📌 Webinar 🔗 https://lnkd.in/gXV26fzk ✅ Check out the CDR events calendar above to register and subscribe to the calendar so you never miss any event in CDR.