Navigating the Carbon Dioxide Removal (CDR) Landscape: 2024 CDR Market Map

Feb 22, 2024

The voluntary carbon market is evolving and expanding to meet the challenges of a world striving to meet the demands of net zero while aiming for greater climate and sustainability justice.

In our 2023 Market Map of the “New” Voluntary Carbon Market, we provided a comprehensive overview of a market that had quadrupled in magnitude over two years, reaching an approximate value of $1.3 billion. According to McKinsey research, that value could grow could grow to more than $50 billion by 2030.

As we present our updated 2024 version, it looks at the evolution of the market, focusing on durable carbon removal in 2024 and an overview of the carbon removal value chain.

We do acknowledge that this map simply serves as a representative overview of the CDR landscape. It was not possible to include all the players and innovators shaping the market including all of our valued suppliers and their 159 projects, as well as our partners. We focused on the larger volumes of issued and forecasted carbon removal credits, using data from the Puro Registry and external sources, including, while spanning and representing all the regions across the globe, as well as the variety of CDR methodologies.

Download the CDR Market Map here

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