The long-awaited and most comprehensive report on #CarbonRemoval is out! The State of #CDR - Edition 2. With 222 pages full of detailed analysis and overview, it is double the length compared to the first volume. It offers much-needed clarity on terminology, incl sinks, pools, and durability. For the first time, we see an extensive overview of funding, incl for research & innovation, and in start-ups. We learn that today, VCMs play a larger role in financing novel CDR than conventional CDR. Credits issued for afforestation/reforestation represent less than 1% of the total afforestation/reforestation CDR that occurred in 2023. By contrast, pre-purchases for novel CDR well exceeded the total amount removed through novel methods in 2023. The report is heavy on voluntary #carbonmarkets content - something that makes perfect sense today, as the #VCM has helped drive a lot of the innovation. It will continue to play that role (driving experimental solutions), whilst more mature removal activities will eventually be included in compliance markets. However, as VCM won't be anywhere enough to scale removals to needed levels, I hope that there will also be other more impactful (policy) tools being used by the time the next edition of the report is published. The challenge is that policymaking is a slow process, and whilst there have been a lot of developments since the first edition came out 1.5 years ago, we are still far from having extensive governance and policy frameworks for CDR. The ongoing confusion around interpreting and defining residual emission doesn't help. And we see an updated CDR gap. Yes, it's still there and still substantial. The work is cut out for all stakeholders to help make progress on scaling removals, and the State of CDR Report is an impressive resource to rely on going forward. Explore it here: lnkd.in/eq5-vvZG Thanks to everyone involved!