Insights and Actions from Carbon Unbound East Coast 2024
Last week, I had the opportunity to attend and present at Carbon Unbound East Coast in New York City, representing CDR.fyi. This event brought together over 400 organizations, including industry leaders like Microsoft, Shopify, Stripe, Puro.earth, Isometric, and many of the top CDR suppliers and marketplaces.
Some of My Key Takeaways:
Robust Market Growth: The CDR market saw a 7.5x increase in purchases from 2022 to 2023, and 2024 YTD already exceeds 2023.
Diversity Concerns: Despite the significant growth, it's largely due to Microsoft, which accounts for about ⅔ of cumulative durable CDR purchases. There's a critical need to diversify the purchaser base beyond the top 11 purchasers, who jointly account for 91% of all purchases to date.
Actionable Steps: For the market to develop and grow, it is essential that more companies start purchasing CDR, particularly the over 8,000 companies that have made public Science Based Technical initiatives (SBTi) commitments. CDR suppliers will benefit from focusing on sectors with high-profit margins and progressive employee bases, such as Software and Services and Financial Services.
We strongly need broader participation and transparency in the CDR market to sustain this momentum and achieve our collective net zero goals.
We're all in this together for the planet. Let's do this!
Read the full blog post here:
https://lnkd.in/eh7s6mpz
#CDR #CarbonUnbound #Sustainability #NetZero #durableCDR
