Growth in Carbon Credit Development

The number of carbon credit developers has seen significant growth since 2020, indicating a positive trend in operationalizing chemical processes related to carbon removal. Although the foundation for the carbon removal ecosystem remains small, shifting from dozens to hundreds of developing entities reflects an optimistic early growth rate. This expansion is crucial as it aligns with the urgent need to mitigate climate change by not only reducing greenhouse gas emissions but also removing existing carbon from the atmosphere. The targeted aim is to scale carbon removal solutions to gigaton levels, a necessity given the current oversaturation of greenhouse gases in the environment.