According to the Intergovernmental Panel on Climate Change (IPCC), there is no net zero without carbon dioxide removal (CDR)—and the world needs to reach net-zero emissions as quickly as possible to mitigate the effects of rising global temperatures. A CDR industry capable of delivering gigaton-scale removals at net-zero levels could be worth up to $1.2 trillion by 2050, write McKinsey’s Peter Mannion, Emma Parry, Mark Patel and coauthors. On day 10 of COP28, check out these insights to understand the role of CDR in the global climate transition, and how it can bring about substantial environmental, social, and economic co-benefits.
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