Johnstone et al. (2025): Carbon markets for carbon dioxide removal
Injy Johnstone, Sabine Fuss, Nadine Walsh & Robert Höglund, IN: Climate Policy, https://doi.org/10.1080/14693062.2025.2478288
Closing the carbon dioxide removal (CDR) gap requires significant capital deployment. Carbon markets – both compliance and voluntary forms – are a central tool to raise such investment. However, for them to do so efficiently requires understanding the current and future market dynamics: between CDR and other forms of emission reduction and avoidance projects, as well as between conventional and novel forms of CDR. This perspective article outlines current trends related to the role of CDR in the voluntary carbon market. It then builds on this by exploring future developmental pathways for CDR via the voluntary carbon market as well as emerging international and domestic compliance carbon market regimes.