Where do we currently stand when it comes to direct air capture? This report provides a comprehensive overview covering recent developments in the carbon removal space.
Climeworks introduces its second industry snapshot, a publication focusing on the trends and topics driving growth within the direct air capture (DAC) industry. In this iteration, Climeworks examines the increasing deployment of DAC technology, and the conditions necessary to further drive it.
Drawing on industry expertise, we examine the vital role of learnings in the field. As seen with Climeworks, learnings continuously shape the next phase of technology development.
We analyze how DAC can develop at a quick pace, without compromising on key aspects of integrity and quality. Measurement, reporting and verification (MRV) is crucial in guiding the decision-making for the standards supporting deployment - something that Climeworks is actively driving, as demonstrated by its recently validated direct air capture and storage (DAC+S) certification methodology.
Alongside this, DAC+S must also play a crucial role in supporting the environmental and social justice movements, by supporting local communities and driving equity.
Finally, we look at perspectives from both the supply and demand side, first exploring how the voluntary carbon market has emerged as a key driver for carbon dioxide removal (CDR) solutions. Likewise, we discuss how DAC must build a new, sustainable supply chain, to ensure successful growth at a global scale.
Thank you to the expert contributors: Stephanie Arcusa (Center for Negative Carbon Emissions at Arizona State University), Carlos Härtel (Climeworks), Dr. David Hart (Center for Clean Energy Innovation), Stacy Kauk (Shopify), Anu Khan (Carbon180), Mijndert van der Spek (Heriot-Watt University), Prof. Dr. Gregory Nemet (University of Wisconsin-Madison), Simone H. Stewart (National Wildlife Federation).
You want to learn more?
Here's a handful of resources that our team finds very useful:
A community-driven overview of CDR agreements by cdr.fyi
Climeworks' methodology for DAC, validated by DNV
Carbfix' methodology for underground mineralization storage, validated by DNV
Missed our snapshots? You can download them here:
In this third edition of the Climeworks industry snapshot, we feature contributions from scientists, industry and policy experts discussing DAC technology.