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Curious about the latest trends and developments in the CDR Market? Carbonx Climate's CDR Market Quarterly Review for Q2 2024 is now available, packed with invaluable insights! Head to our blog to read more or access the entire review by clicking the link below: https://lnkd.in/gvkDJZHa See a snapshot of the quarter below: ➤ Impressive Growth: The CDR sector saw substantial advancements in Q2 2024, with new purchase commitments reaching 4.7Mt CO₂. The first half of 2024 alone achieved 5.3Mt CO₂, surpassing the entire 2023 total of 4.6Mt CO₂. Cumulative market commitments for durable CDR (including MOUs) soared from 4.0 to 10.6Mt CO₂—a remarkable 165% year-over-year increase, highlighting the market's heightened commitment to long-term climate objectives. ➤ Dominance of BECCS: The largest single CDR deal to date underscores the potential of the BECCS biomass carbon removal pathway in integrating with existing energy supply chains. ➤ Pricing Dynamics: The average price per tonne stands at USD 352, with a broad range from USD 100 to USD 1,600, shaped by diverse technologies and contract terms. If you're defining your company’s strategy to address residual emissions, we’d love to start a dialogue. Reach out today, and together, let's scale the solutions of tomorrow! Microsoft Stockholm Exergi Ørsted Vaulted Deep Exomad Green neustark Carbon Capture Scotland Danish Energy Agency Bioman ApS BioCirc Climeworks Captura ecoLocked Sirona Technologies NetZero Oikocredit CDR.fyi Equatic.tech CarbonCapture Inc. Heirloom #CarbonRemoval #CDR #Carbonx #Sustainability #Insights

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