It was yet another record-breaking year for pre-purchases of durable, engineered carbon dioxide removal (CDR) credits in the voluntary carbon credit markets, with sales reaching a new high in 2024.
Demand from businesses for these high-quality credits continues to outweigh the supply, fueling the scale-up of emerging carbon dioxide removal technologies.
With the increasing overlap of voluntary and compliance carbon markets - such as mechanisms for Article 6.4 of the Paris Agreement - the business case for CDR technologies is solidifying.
According to IDTechEx's forecasting in the new "Carbon Dioxide Removal (CDR) 2025-2035: Carbon Credit Markets, Technologies, Players, and Forecasts" report, carbon credit market revenue from durable, engineered carbon dioxide removal technologies will exceed US$14 billion in 2035.
