"The global CDR industry could reach an annual economic potential of €470-940B by 2050, which is as large as today´s global airline industry"1
12024 forecast for global passenger and cargo revenues, IATA, 2024.
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CDR can become a global €470-940B industry
Global economic potential of CDR could reach €470-940B p.a. by 2050
- Significant cost decreases of 35-85% can be expected for most CDR methods until 2050
- The global economic potential of CDR could reach up to €940 billion
Economic potential differs significantly per CDR method
- CDR-induced economic potential is aggregated along six value chain steps:
1. Plant technology equipment
2. Feedstock and other inputs
3. Operations and maintenance
4. CO₂ transport and storage
5. MRV (companies that measure, report, and verify carbon removal)
6. Intermediaries
- Economic potential along the value chain differs notably across CDR methods
- Technology suppliers could see massive growth through CDR-mainly driven by enhanced natural processes and technology-based removal
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