What it is
CDR.fyi is an open tracker of carbon dioxide removal (CDR) purchases and deliveries. It monitors commercial transactions for biochar, direct air capture, enhanced weathering, ocean-based removal, and biomass carbon removal and storage (BiCRS). The database tracks buyer identity, price paid, removal method, and delivery status, providing unprecedented transparency into the emerging CDR market.
Why we picked this
Carbon dioxide removal purchased volume hit 8 MtCO2 in 2024, a 78% year-over-year growth rate. CDR.fyi is the only comprehensive source tracking this nascent market. As corporate net-zero commitments increasingly require permanent removal rather than avoidance credits, this tracker shows who is buying, at what price, and which technologies are scaling.
Key takeaways
- 8 MtCO2 in CDR was purchased in 2024, with 78% year-over-year growth driven by corporate advance commitments.
- Direct air capture prices range from $400-1,200/tonne, while biochar trades at $100-300/tonne, reflecting technology maturity differences.
- Major buyers include Microsoft, Stripe, Shopify, and the Frontier Climate coalition, which has committed over $1 billion to permanent removal by 2030.