Carbon Dioxide Removal in the VCM
Here are some key takeaways from the report
The VCM is dominated by avoidance credits, but this is set to change
This shift will include an influx in engineered CDR credits as nascent projects increase retirements.
The market for engineered removal is growing rapidly but supply is still low.
The market needs to develop if the price is going to come down at the rate necessary.
Solutions: Accreditation needs to improve, Ratings need to be implemented and strong public sector support is needed
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