Climeworks report details North America's lead in carbon dioxide removal

Climeworks' new report identifies North America as the global leader in carbon dioxide removal (CDR) volume and financial value, driven by diversified buyer engagement and supportive policy frameworks. The analysis, released ahead of Climate Week NYC, notes that technology and software firms lead corporate procurement, with increasing demand for high-integrity credits and local co-benefits. Historically, bioenergy with carbon capture and storage (BECCS) and reforestation have dominated the region's CDR volume, each exceeding 10 million metric tons sold since 2019. Key policies like the 45Q tax credit in the US and Canada's CCUS Investment Tax Credit support market growth and project financing.

This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.