Climate Impact Partners, a leader in the voluntary carbon market for over 25 years, has introduced a new carbon dioxide removal programme designed to enable companies—ranging from SMEs to multinationals—to finance cutting-edge carbon dioxide removal (CDR) technologies.
The programme allows organisations to offer early-stage support distributed across various carbon removal technologies. This approach helps overcome high entry costs, reduces delivery risks, and fosters innovation.
To achieve global net zero targets, 10 billion tons of CO₂ must be removed from the atmosphere annually by 2050. This programme aims to speed up the deployment of innovative, high-permanence carbon removal solutions, including direct air capture from Octavia Carbon, ocean alkalinity enhancement, and enhanced rock weathering from UNDO Carbon.
Rob Stevens, Director of Product Development at Climate Impact Partners said, “A future with negative emissions technologies becomes one step closer with our programme. These innovative technologies need to be piloted, proven, scaled and made more affordable – early-stage finance is critical to that. We are putting our decades of carbon experience to the task of crowding more companies into the space to provide the stream of finance needed.”
Demand for carbon removal technologies is rapidly increasing, with purchases growing nearly eight-fold since 2022 and the number of supporting companies doubling. Diana Maranga, Business Development Lead at Octavia said, “The carbon removal market is currently starved of investment, stifling innovation and progress in the sector. As the Global South’s first Direct Air Capture (DAC) company, our goal is to scale DAC down the cost curve and lead the charge in reversing the effects of climate change. But, to make that happen, we first need private sector initiatives like Climate Impact Partner’s new programme, allowing us to unlock the necessary financial resources to scale our impact.”
Chris Zair, Head of Partnerships at UNDO said, “Businesses must be able to establish relationships with carbon project developers to funnel much-needed finance to viable climate solutions. To have the most impact, they should select projects that remove carbon permanently while providing co-benefits to nature and people.” He said that UNDO’s enhanced rock weathering has the potential to meet 40% of global CO₂ removal targets if scaled effectively.
Companies supporting the programme can showcase progress towards their Beyond Value Chain Mitigation (BVCM) goals, with updates available through the Climate Impact Partners Dashboard.