New IDTechEx Report Explores the Carbon Dioxide Removal (CDR) Market Potential
BOSTON, Oct. 10, 2022 /PRNewswire/ --The Carbon Dioxide Removal (CDR) sector has experienced growing corporate interest and swift development, with record investments over the past year in technologies that draw carbon dioxide (CO) from the atmosphere.
- BOSTON, Oct. 10, 2022 /PRNewswire/ --The Carbon Dioxide Removal (CDR) sector has experienced growing corporate interest and swift development, with record investments over the past year in technologies that draw carbon dioxide (CO) from the atmosphere.
- The new IDTechEx report, " Carbon Dioxide Removal (CDR) Markets 2023-2040: Technologies, Players, and Forecasts ", analyzes the nascent CDR market, discussing the limitations and potential of Negative Emissions Technologies (NETs) to address climate change.
- Shedding light on such questions, the latest IDTechEx report explores the diverse array of approaches to carbon removal being developed, from nature-based to engineered solutions, the latter including Direct Air Carbon Capture and Storage (DACCS) and Bioenergy with Carbon Capture and Storage (BECCS).
- IDTechEx's analysis suggests that, with the proper incentives, the global Carbon Dioxide Removal capacity can exceed the gigatonne scale of CO removal by 2040, with multiple approaches that are modest today gaining significant market share in the coming years.