"Early investment in CDR is not just a climate imperative – it is a strategic move to unlock €25-45B annual economic potential for Germany by 2045."53
53 BCG & DVNE, 2024.
Germany needs scale and speed to catch up with CDR frontrunners
The scale-up of CDR in Germany might not occur without a robust and dedicated national support framework. While global frontrunners are actively implementing integrated CDR policy architectures, Germany remains at an early stage of engagement. This puts the economic potential of CDR in Germany at risk (e.g., 190,000 skilled jobs by 2050, see chapter) and could make reaching net zero by 2045 unattainable.
Current legislative period critical to lay foundation for CDR uptake
To reap the economic benefits of CDR and stay on track for net zero 2045, the anticipated CDR need implies investments of about €6B in CDR by 2030. While much of this capital should be invested by private actors, the government is needed in this nascent market to make it attractive to investors. The policy action–or inaction–in this legislative period until 2029 may decide whether sufficient capital can be attracted to initiate the CDR technology ramp-up.
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