Scaling CDR: Where Policy Meets Industry – Unlocking Collaboration to Accelerate Carbon Dioxide Removal

​The IPCC states that all scenarios for achieving the goals of the Paris Agreement and limiting global warming to 1.5°C requires carbon dioxide removal (CDR) in addition to drastic reductions of emissions. Therefore, it is crucial to incentivize CDR now.

​During New York Climate Week, the Group of Negative Emitters (GONE) will gather high-level policy makers, industry leaders and academia at Columbia University for a morning discussion on the necessity of a holistic approach to planning and deployment of CDR solutions. This will present the opportunity to bring the leading companies providing the needed technologies together with those engaged with CDR to meet their climate goals alongside policymakers, to discuss the policies needed to accelerate action and de-risk investments to strengthen investor confidence.

​Early and ambitious policy commitments are needed to incentivize and mobilize investments and drive momentum, while strong engagement from industry – on both the supply and demand sides – is equally vital to scale the sector. The IPCC projects between 5-10 gigatonnes of CDR is needed in 2050 to meet the temperature goals of the Paris Agreement. This entails drastic action from all parties and a need for dynamic cooperation between public and private partners.

​GONE was established at COP28 by a group of leading countries at the forefront of national net-negative emissions commitments and carbon dioxide removal (CDR) innovation. GONE members include Denmark, Finland, Panama, Ethiopia, Sweden, Surinam, Netherlands and Kenya facilitating knowledge sharing and policy development in order to reach the goal of global net-negative emissions.