US states implement policy frameworks to advance carbon dioxide removal markets

During Climate Week NYC, experts highlighted that US state-level initiatives are advancing policy and regulatory frameworks to scale the carbon dioxide removal (CDR) sector. States like California, Washington, and Massachusetts are establishing legal, financial, and market mechanisms to stimulate private capital and standardise project compliance. California has deployed dedicated funding through its Carbon Removal Innovation Support Programme, while Washington State has embedded engineered carbon management into its legal framework via the Climate Commitment Act. These subnational policy deployments provide early-stage CDR developers with predictable regulatory pathways and regional demand drivers, establishing replicable frameworks for commercial off-take contracts. This aims to bridge a projected annual supply gap of 1.2 billion tonnes by 2035 and 5.2 billion tonnes by 2050 relative to Paris-aligned targets.

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