Climeworks

Your daily scan of what’s moving in carbon dioxide removal — markets, policy, science, and the companies building the industry. Quick Numbers Metric Value Source Total CDR market spend $787.7M cdr.fyi Total CDR tonnes sold 44.1M tCO₂ cdr.fyi Delivery rate 2.8% cdr.fyi Active purchasers 1,013 cdr.fyi Active suppliers 721 cdr.fyi Market Tone Bullish demand signals across geographies. Canada launched its biggest demand-side CDR initiative yet, backed by government and major banks. Boeing committed to 40,000 tonnes of durable removals through Carbonfuture. Climeworks chose Calgary for its Canadian HQ and could build its largest plant in Alberta. Meanwhile, the EU locked in its 90% emissions cut target — with a 5% carbon credit provision that explicitly opens the door for CDR. The demand side of the market is growing faster than the supply side can build. ...

Climeworks, one of the Carbon Drawdown Initiative’s portfolio companies, has established new headquarters in Calgary, Alberta. Why Calgary Alberta offers something few other jurisdictions can match: deep expertise in carbon management, established subsurface storage infrastructure, and a supportive regulatory environment for carbon capture projects. Calgary’s Energy Transition Centre (ETC) — where Climeworks is setting up — brings startups, researchers, investors, and industry leaders under one roof. It’s a deliberate choice. Alberta has decades of experience managing CO₂ underground, originally for enhanced oil recovery but increasingly for permanent geological storage. ...