Teaming up with CDR.fyi to scale carbon dioxide removals with improved data access

A core component of the net zero plan is removing as much CO2 as possible from our atmosphere, after reducing as much emissions as possible. It is estimated that we need up to 10 gigatonnes of CO2 removed annually from the atmosphere by 2050. Today, only 2 gigatonnes of CO2 are removed. That’s a massive gap and filling it requires significant investment. In 2023, $1.2B was invested into the early-stage carbon removal industry overall– that’s not nearly enough. 

Part of what’s holding things back is a lack of data for investors to understand the efficacy and impact of carbon removal solutions, and that’s particularly true when it comes to nascent but critical engineered and hybrid carbon dioxide removal (CDR) technologies, including direct air capture, biomass removal and storage, and biochar. Despite the technologies’ high potential, investing can be a challenge: data about the projects and their performance can be difficult to access and it is often disparate and disjointed. Today, we’re announcing a partnership with CDR.fyi to improve the data visibility and actionability of engineered and hybrid CDR projects. Together, we can help drive more funding to the most effective solutions and bring them to scale faster. 

As a result of our partnership, investors have increased visibility into the progress of hundreds of CDR suppliers. This information will be available on the Sylvera Project Catalog, in addition to the 60+ projects already available from registries including Puro.earth and Verra, and will allow customers to search and discover new suppliers and projects that might be a fit for their portfolios and goals. In addition, customers can request Screenings for early insights into project quality in order to shortlist which projects might meet their goals for investment and access credits. In time, as data access improves, we’ll be able to offer Ratings of these CDR projects to support our customers’ deep due diligence on their potential investments. 

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“Our mission is to accelerate carbon removal through transparency and trust. By openly publishing information about projects and facilities on CDR.fyi’s website and through our partnership with Sylvera, we aim to increase access to data for purchasers and investors globally to enable the most effective technologies to scale rapidly with the critical funding they need.” Alex Rink, Founder of CDR.fyi

More data about carbon removal suppliers and their projects from CDR.fyi and integrating it into the point of decision making via Sylvera means investors can gain better transparency, ensuring they are directing funding to the most effective technologies, and bringing them to scale for maximum impact. In addition, suppliers can provide trackable history of their tractions, and purchasers can gain an overview of the market growth and the suppliers they are evaluating. As a result, the entire CDR ecosystem can scale more quickly and have much more impact, faster.

As targets grow more pressing, we need funding to scale every solution available for removing carbon from the atmosphere from technological solutions, such as engineered CDR, to conventional methods, like restoring and protecting natural carbon sinks. We’ll continue to integrate our data in innovative ways to ensure investors, suppliers, and the broader ecosystem can better understand how these projects are contributing to real net zero progress and action those insights to invest in the most effective solutions.