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📊 Which market for carbon dioxide removal (hashtag#CDR) are you most bullyish about? 📊
- sebmanhart
- Nov 18, 2024
- 1 min read
🌎 COP29 has delivered real progress on carbon markets. We now have a stadnard for CDR under Article 6.4, a name for it (Paris Agreement Crediting Mechanism, or hashtag#PACM), and estimates from the UN that this market could be worth $250b/year.
📈 At the same time, it still feels a few years out. On the other hand, we already have an established voluntary carbon market (hashtag#VCM) for removals, which reached around $1.8b in 2023, is likely go be significantly higher for 2024, and estimates that it could reach well over $100b by 2040.
🇪🇺 Finally, integration into carbon compliance markets is what everyone seems to be talking about. These are already almost a trillion dollar market, with the European ETS alone worth over €750b.
⁉ So, looking at all of these, which one are you most excited about or hopeful for? And why?
🗣 Go ahead and vote and please do add a comment elaborating on your choice.
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