Posted: 27 Jun 2024 Resource Type: Research Report Download Back $100bn The global carbon dioxide removal market may reach up to $100bn a year between 2030 and 2035 There is immense potential in the global carbon dioxide removal (CDR) market, which may reach up to $100 billion a year between 2030 and 2035, if barriers to scale are addressed. Demand for CDR credits is growing but is still insufficient to support necessary investment levels to meet net-zero targets. Key actions which can help overcome these barriers include as articulating the role of removals in the UK's net zero strategy, providing guidance to companies on their appropriate role, establishing clear thresholds for monitoring, verification, and reporting, including removals in compliance markets, detailing subsidy and support mechanisms, and supporting the development of the CDR financial market ecosystem. This report, produced in association with Oliver Wyman and the UK Carbon Markets Forum, identifies major barriers to CDR demand, and outlines key supply-side constraints while highlighting key actions that the industry and public sector can take to support the development of the CDR market. Addressing these barriers is crucial to unlocking the market's full potential and achieving global climate goals. Watch Catherine McGuinness, City of London’s representative on the UK Carbon Markets Forum and James Davis, Oliver Wyman’s co-head of climate and sustainability in Europe discuss the potential of carbon dioxide removals. Helping economies worldwide tackle climate challenges The Global City sustainable finance hub The Global City sustainable finance hub Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content News Sterling 20 Oct 2025 - 20 of Britain’s largest pension providers and insurers have launched Sterling 20, a new partnership to invest billions into UK infrastructure, innovation and renewable energy. Sterling 20 Research Report The UK’s offer for asset managers and owners Oct 2025 - The UK is a global leader in asset management, with over £12tn in AUM and offers extensive scale with international reach, deep expertise, and diverse investment opportunities. The UK’s offer for asset managers and owners Research Report City statistics briefing Oct 2025 - The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. City statistics briefing Research Report Global Regulatory Coherence Dashboard Oct 2025 - This dashboard maps how global adoption and implementation of financial regulations align or diverge across priority policy areas for the UK-based financial and related professional services industry. Global Regulatory Coherence Dashboard