The durable carbon removal (CDR) market contracted 2.3 million tonnes in Q1 2026, marking the largest opening quarter on record and representing 560% of Q1 2025 volume. Microsoft led the quarter with a 1-million-tonne agreement, while over 113 other purchasers contracted 1.3 million tonnes. Biochar carbon removal accounted for 93% of the contracted volume in Q1. This quarter also saw 145,000 tonnes delivered and over 100,000 tonnes retired, making it the second-highest quarter on record for both metrics. Intermediaries facilitated 74% of contracted tonnes, indicating their central role in the market.
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