Report: Global carbon removal credit industry could reach $100bn
The global market for carbon dioxide removal credits could reach up to $100 billion a year between 2030 and 2035 if barriers to the industry’s growth are addressed.
The global market for carbon dioxide removal credits could reach up to $100 billion a year between 2030 and 2035 from just $2.7 billion last year if barriers to the industry’s growth are addressed, according to a report released Thursday by consultancy firm Oliver Wyman.
The report was written in collaboration with the City of London Corporation and UK Carbon Markets Forum.
