New research from the Carbon Business Council reveals that Fortune 1,000 companies view carbon dioxide removal as essential for net zero goals but are hesitant to invest. This hesitation stems from a lack of clear regulatory frameworks and reporting standards, leaving firms worried that current credit purchases may not be recognized in future audits. Companies are calling for mandatory purchasing requirements and financial incentives, such as tax relief and subsidies, to create a stable market. With updates pending for the EU Emissions Trading System and SBTi standards, the industry is looking for concrete policy signals to scale CDR from an emerging market into a viable climate solution.
