CDR.fyi

?? SBTi’s updated Net Zero Standard is out: What are CDR industry voices saying about it???? ?? Yesterday, the Science Based Targets initiative (SBTi) released the draft Version 2 of the Corporate Net Zero Standard, which clarifies some aspects of durable CDR but leaves open questions about timing, scale, and corporate responsibility. The standard, which covers a wide range of corporate net-zero targets, is widely regarded as one of the strongest potential demand signals for durable CDR. Here’s how some of the leading voices in CDR are reacting to the latest version: ?? Our Co-founder Robert H?glund highlights concerns around target limitation to Scope1 emissions and believes that it won't make much of a difference in scaling durable CDR. ?? Simon Bager, PhD, Klimate.co also feels that the guidelines limit the adoption of durable CDR, while urging for further refinement for it to play a more effective role going forward. ?? Ted Christie-Miller, Residual,?raises the need for stronger incentives to scale durable CDR, also emphasizing the risks of over-reliance on avoided emissions. ?? Meera Atreya from Carbon Direct supports SBTi’s push for near-term CDR targets but highlights that clear market guidance is still needed for businesses to take action. What’s your take? ? How effective will the revised SBTi guideline be in driving CDR demand? ?? Very effective ?? Somewhat effective ?? Not effective ?? Too early to tell ?? Share your thoughts in the comments! ? Check out the reactions of the industry leaders in the comments below. ?? Be sure to join Robert, Eve and Sebastian tomorrow, March 20, 11.30AM CET for a CDR Policy Scoop to follow the discussion on the topic: https://lnkd.in/euF-_YRZ?

?? This week brought key developments in durable CDR, with SBTi releasing the much-awaited draft of its updated Corporate Net Zero Standard for public consultation. Other key updates included Puro surpassing 1 million tonnes of CORCs issued, a new protocol to enhance data transparency, and significant funding rounds supporting ocean-based CDR and biochar expansion. Here are some the quick highlights: ?? Science Based Targets initiative releases draft of the Corporate Net Zero Standard V2 ?? Puro.earth surpasses 1M tonnes in CORC issuances ?? Carbon Data Open Protocol launches to enhance data transparency in carbon markets ?? Carbon Removal Canada's upcoming dashboard on Canada's CDR landscape ?? Saudi Arabia's first DAC test unit by aramco and Siemens Energy ?? Wren's investment in Pacific Biochar ?? Funding announcements from Blueshift, Brineworks and Institute for Responsible Carbon Removal American University ??Read on to learn more in the latest edition of "This Week in CDR" here: https://lnkd.in/g99223Gr ?? In case you've missed the older editions, sign up to become a CDR.fyi Portal member to access an extensive newsfeed of updates in durable CDR. ? Join over 800 companies and sign up for free access to the CDR.fyi Portal to gain durable CDR market insights, showcase your company’s profile and progress, and get on the CDR map. Check out the partner page at CDR.fyi to learn more.

?? Reminder: Don’t miss our webinar on durable CDR pricing! ?? Join us today on our webinar with OPIS, A Dow Jones Company. as we break down key insights from the Durable CDR Pricing Survey. Our expert panel will cover critical market insights, cross-market perspectives, and future market development for durable carbon removal credits: - Joanna Klitzke, Procurement and Ecosystem Strategy at Frontier - Nishad Pai, VP of Business Development at?Heirloom - Diego Justiniano, CEO at?Exomad Green - Alexander Rink, Co-Founder & CEO at?CDR.fyi - Henry Kronk, Senior Carbon Markets Editor at?OPIS, A Dow Jones Company ? Register using the link here:?https://lnkd.in/gYY5Xn6w

?? Introducing CDOP - the Carbon Data Open Protocol ?? The voluntary carbon market is at a turning point, with clear, standardized data essential for credibility and impact. That’s why we’re excited to be part of CDOP (Carbon Data Open Protocol), co-chaired by S&P Global Commodity Insights, Global Carbon Market Utility, RMI, and Sylvera - a new initiative bringing together 30+ organizations to align data standards across carbon markets. The new protocol aims to: ? Boost transparency - with clear data standards that foster trust and clarity. ? Improve efficiency - through standardized processes that streamline collaboration. ? Raise integrity - ensuring carbon credits accurately reflect emissions reductions. ?? At CDR.fyi, we are pleased to continue as an active member of CDOP and look forward to collaborating with fellow members to help align standards, improve data access, and create an open-source framework that strengthens carbon market reliability. ?? Learn more about the protocol and how you can participate here:?https://lnkd.in/esR-6Qkk ?? The first version of CDOP is expected later this year at New York Climate Week. Stay tuned!

?? We're excited to announce that tomorrow, on?March 19, our Co-founder and CEO?Alexander Rink?will be part of a?webinar?discussing the CDR.fyi?2024 Year in Review?and the current state of the CDR market. ?? The discussion will revolve around trends that are currently shaping the durable CDR market and the critical role of purchaser engagement in unlocking the market's full potential. ? Secure your spot now: https://lnkd.in/gjN93XVV ?? The?webinar, is part of a series “Scrubbing the Skies: The Role of Carbon Dioxide Removal in Combating Climate Change” hosted by?Wil Burns, Co-Director,?Institute for Responsible Carbon Removal American University.

?? How soon will durable CDR close the gap with nature-based removals? ?? We recently released the findings from our 2025 CDR Market Survey, in collaboration with Sylvera, presenting key insights into market sentiment and expectations for durable CDR solutions:?https://lnkd.in/gnYsAkcv ?? While nature-based removals dominate the market, durable CDR has seen significant growth, especially in the recent years. We asked market participants in the survey about how they project carbon credit purchases in the years to come (2025, 2030 and 2050 - Ranges in tonnes) Respondents project that in: ?? 2025: Nature-based removals are projected to outpace durable CDR 6:1. ?? 2030: Durable CDR will catch up, narrowing the gap to just 2:1 as markets scale. ? One of the top findings suggests that forthcoming decisions from net-zero standard setters will play a significant role in the carbon removal industry. How much of an impact will they have in durable CDR's growing prominence in carbon credit purchases in the years to come??

The average direct air capture buyer today considers $558/mt to be an expensive price, but DAC developers, on average, break even at $670/mt. That's according to a recent pricing survey OPIS conducted in partnership with CDR.fyi. And it wasn't just DAC -- buyers tended to state price expectations for biochar, BECCS, BiCRS, ERW and other durable CDR credit types at levels that suppliers said would be unsustainable. This disagreement is making it harder for businesses to begin purchasing, which is, in turn, hindering growth for suppliers. So: what will it take for the chicken to reliably lay the egg (or the egg to reliably hatch the chicken (and with egg prices these days!))? How can businesses capture an early-mover advantage when price discovery is hard to come by? How can CDR developers scale and bring down costs if buyers are coming to the table with unrealistic expectations? We're going to pose these questions and more in a webinar this Wednesday, March 19 at 12:00 PM ET. Alexander Rink, Co-Founder and CEO at CDR.fyi will walk through our results. Our guests will include: ?? Joanna Klitzke, Procurement and Ecosystem Strategy Lead at Stripe ?? Nishad Pai, VP of Business Development at Heirloom ?? Diego Justiniano, CEO at Exomad Green The registration link is in the comments below. Hope to see you there! OPIS Sustainable & Renewable Energy

?? The second week of March saw some key developments in durable carbon removal, led by a multi-year agreement between Nordea and Inherit for 68,000 tonnes of CDR, while other highlights that continued to drive momentum include new funding announcements, partnerships, research output, and new certification endorsements. Here are some the quick highlights: ?? Nordea buys 68,000 tonnes of CDR from Inherit ?? Capture6 raises $27.5M in Series A round ?? University of Victoria receives $24M to advance the Solid Carbon mCDR project ?? Supercritical's exclusive partnership to distribute Exomad Green's 2025 spot credits (130,000 tonnes) ???? Alt Carbon-Mitsubishi Corporation partner to make India a CDR hub ???? 280 Earth forays into EU market with partnership with Volotea ?? Read on to learn more in the latest edition of "This Week in CDR" here: https://lnkd.in/gA4FpktG ?? In case you've missed the older editions, sign up to become a Portal member to access an extensive newsfeed of updates in durable CDR. ? Join over 800 companies and sign up for free access to the CDR.fyi Portal to gain durable CDR market insights, showcase your company’s profile and progress, and get on the CDR map. Check out the partner page at?CDR.fyi?to learn more.

?? Unlock key insights into durable CDR pricing - Join our webinar! ?? Join us on March 19 for an insightful webinar with OPIS, A Dow Jones Company where we will discuss key findings from our Durable CDR Pricing Survey. ?? In the webinar we will explore critical market insights, cross-market perspectives, and future market development for durable carbon removal credits featuring?a panel of experts: ?? Joanna Klitzke, Procurement and Ecosystem Strategy at Frontier ?? Nishad Pai, VP of Business Development at Heirloom ?? Diego Justiniano, CEO at Exomad Green ?? Alexander Rink, Co-Founder & CEO at CDR.fyi ?? Henry Kronk, Senior Carbon Markets Editor at OPIS, A Dow Jones Company ? Secure your spot now:?https://lnkd.in/gYY5Xn6w? ?? Learn more about the findings from our survey and read the full whitepaper published last month using the link here: https://lnkd.in/g-b_3wNz

?? Huge First CDR Deals Alert!??? ?? Nordea has signed a multi-year agreement with Inherit to purchase?68,000 tonnes of CDR. ?? The deal supports Nordea's aim to achieve a positive carbon contribution by 2030, ensuring high-quality carbon removal credit purchases exceed their operational emissions. ?? This marks the first durable CDR deal for both Inherit and Nordea. ??? Nordea is now the 2nd largest purchaser of durable CDR from the banking sector. ?? This takes Inherit to 22nd on the CDR.fyi Suppliers Leaderboard. ?? At 14th, Nordea becomes the latest entrant to the CDR.fyi Purchasers Leaderboard. ?? To learn more, read the full announcement here:? https://lnkd.in/gKPMPMN5