Voluntary market set to embrace removals
Carbon-removal technologies to gain market share as companies fret over quality of credits generated by avoidance projects, according to Shell and BCG
Voluntary carbon markets are set to undergo a fundamental shift over the next few years, with offsets generated by removal technologies such as direct air capture (DAC) gaining market share from emissions avoidance projects such as renewables, according to a report from Shell and management consultancy Boston Consulting Group (BCG). Carbon removal credits—most of which are produced by nature-based solutions—are expected to account for 35pc of the voluntary market in 2030, up from a share of less than 20pc in recent years. Emerging technologies such as DAC and bioenergy with CCS (Beccs) will gain traction as they scale up and become more affordable, the report says. $10–40bn – Potential
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence