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Check out the most recent news from us around all things carbon removal.
Klimate’s Carbon Asset Manager (CAM): the portfolio software for a tech-enabled net zero.
A new category of software.
Companies rely on software when business needs to outgrow a simple Excel sheet. Since our inception, we’ve helped companies access vetted carbon removal credits, create diversified investment portfolios, and strategise procurement to meet any goal. Carbon removal strategy has moved beyond a transactional, one-time purchase. Our carbon portfolio manager eliminates the manual labour and potential errors of multiple sheets while setting climate leaders up for what’s coming.
Why sustainability professionals need The CAM.
Sustainability professionals are pressed for time and budget to manage all the moving pieces of a good net zero strategy. Between balancing progress on overarching decarbonisation targets, procuring renewables, and making purchases from multiple vendors, meeting targets is already tricky. Moreover, companies that want to invest in a diversified portfolio face increasingly complicated procurement, management, and reporting for their carbon credits to comply with voluntary or regulatory standards. Bottom line: A solid net-zero strategy with carbon removal credits creates significant administrative challenges for companies, including the need for endless spreadsheets, coordination with individual registries, and manual retirement.
Without a proper tool to centralise data, information quickly becomes fragmented and prone to error. Even businesses just getting started in procuring carbon credits face multiple, manual integrations, creating extra administrative work and room for error.
We’re entering a new era of carbon compliance where the need for removals and the complexity that comes with it creates massive challenges for corporates working toward net zero. Spreadsheets may be the origin of all software. But companies must consolidate their data if they want a real chance at achieving their targets efficiently and without creating unnecessary, avoidable risks. We’re equipping sustainability teams with a critical net zero tool before they’re forced to have it, helping them stay ahead of coming requirements and build confidence in their strategies today.
-Erik Wihlborg, CCO
How can The CAM simplify your carbon removal strategy?
With growing activity comes growing scrutiny. The last financial year alone has brought several regulatory changes, i.e., EU Green Claims, CSRD, multiple EU-state CDR policies, and an updated SBTi Net Zero Standard. To stay ahead of changing regulations and the rapidly evolving carbon market, we’re unveiling a new portfolio manager called The CAM. This portfolio manager is built with climate leaders in mind. Klimate’s portfolio management software allows you to centralise all your credit data from different sources, track goal status, and confidently report on your accomplishments.
- Centralise data to avoid unnecessary error: Instead of managing multiple sheets, import all credit purchases to one source with automated overviews in your personalised dashboard. Save time (and stress) of procurement by accessing vetted projects, data from a 301 point due diligence, and consolidate all your carbon credit purchases–even across vendors.
- Flexible asset grouping for changing targets: Was Scope 2 higher in 2024 than anticipated? No problem. Organise your credits to reflect any strategy and simply re-allocate to keep yourself on track. Monitor your progress even with changing goalposts, integrate with multiple registries, and retire all assets with a single click to make meeting your target clear and simple.
- Confidently report on your progress: Whether voluntary or compliance-based, transparent and auditable communications are critical to protect your brand from greenwashing. Our modular reporting tool and single-click export enable you to report and comply with any modern requirement from CSRD, SBTi, and other relevant frameworks. Access communication guidance, project metrics, and visual content to make your investment tangible for your audience.
Tech infrastructure is crucial for market growth.
Carbon removal is growing and evolving rapidly. An essential piece of net zero, the current supply trajectory still isn’t efficient enough to reach these global goals alongside ambitious reductions. Today’s projections call for upwards of 10 gigatonnes of carbon removed year-on-year by 2050. This demands a massive degree of public and private effort to contribute enough resources, especially financial. We need to collectively invest in the order of millions or even billions of dollars to achieve net zero. In addition to sustainable, justly scaled land use and resource allocation for this massive physical undertaking, we need the right digital infrastructure to scale efficiently and securely. For companies and organisations with net zero targets, doing their part of global net zero must build dynamic strategies and streamlining of once-complicated procurement efforts, backed by digital assurance like The CAM, to be successful.
Exploring the State of CDR with Tank Chen | What goes up must come down, Episode 7
TL;DR: Key Takeaways
- 2024 saw a 78% growth in the voluntary carbon removal market, with delivery of carbon removal credits increasing by 120%.
- Microsoft remains a dominant buyer, but new players and innovative purchasing models are emerging in 2025.
- Asia, particularly Taiwan, Japan, and South Korea, is beginning to engage seriously in CDR, mainly on the demand side, with potential to expand supply through industrial capabilities.
- The Nordics leverage abundant renewable energy and geological storage to position themselves as a global hub for CDR technologies and deployment. In tandem, the newly launched Nordic Carbon Removal Association provides a path for broader corporate inclusion.
- Trust, financing, and buyer diversification remain critical challenges for scaling CDR globally.
Insights on overall market growth.
The voluntary carbon removal market experienced significant growth in 2024, with contracted volumes rising from 4.5 million to 8 million tonnes of CO₂ removed, marking a 78% increase year-on-year. Delivery also grew impressively by 120%, signalling that the market is beginning to move beyond promises to actual carbon removal on the ground.
However, the first quarter of 2025 showed a dip in contracted volumes. This pause is seen not as a setback but as a preparatory phase for the market’s next ascent. Following the quarter’s close, major deals by Microsoft with various suppliers effectively doubled the market overnight, signalling renewed momentum. Both emphasise the importance of buyer diversification beyond tech giants, noting how the middle players are important as well. Yet, there is growing interest from mid-sized companies eager to integrate CDR into their sustainability strategies. Excitingly, new buyers are doing more than just dipping their toes, making large purchases from a range of methods and projects in Q1 '25.
“The market grew 78% in 2024, but 2025’s first quarter was a back to base came moment—preparing for the big climb ahead.” – Tank Chen
Catching up with Asia's CDR scene.
Asia's CDR scene is gaining traction, particularly in Taiwan, Japan, and South Korea. While the region currently has limited supply-side capacity — with Taiwan hosting just one biochar facility — demand is growing, supported by corporate interest and government initiatives. Japan’s integration of CDR into its Green Transformation (GX) League exemplifies this shift, combining government, private sector, and academic collaboration to craft forward-looking policies. Tank highlights the multifaceted roles Asian corporations play, not just as buyers but also as financiers, component manufacturers, and potential competitors in the space.
Regarding China, both hosts agree that its entry into the CDR market is inevitable. The nation is likely to leverage its industrial capacity to rapidly scale technology deployment both domestically and internationally. The comparison with China’s rapid rise in electric vehicles and solar technology underscores the potential speed and scale of its involvement.
Zooming in on the Nordic CDR advantage.
The Nordic region stands out as a promising CDR powerhouse, combining strong government subsidies, advanced energy infrastructures, and vast geological storage potential. Countries like Norway, Iceland, and Denmark have the capacity to store billions of tonnes of CO₂, making them ideal locations for a range of CDR suppliers. The new Nordic Carbon Removal Association aims to elevate the region to become a key player in both demand and supply.
Simon notes, “The Nordics have a comparative advantage... it seems difficult to find many other locations in the world with these combined assets.”
In addition to the regional comparative advantage, competition is a key element to bring Nordic-based large companies onboard. Support systems like the Nordic Carbon Removal Association are needed to shift paradigms.
Looking ahead.
Despite these encouraging developments, challenges remain. The market is still dominated by a small number of large buyers. Some innovative technologies face financial risks if demand does not scale quickly enough.
Both hosts also touch on cultural perceptions of carbon credits, with Asia and the Nordics showing differing attitudes shaped by their unique policy and market histories. But, there are threads between Northeast Asia and the Nordic countries, including historical collaboration on wind and other green sectors. This creates a strong foundation to combine their respective strengths to accelerate global carbon removal efforts.
Latest from SBTi - removals vs reductions with Alexander Schmidt │ What goes up must come down, Episode 6
Introduction
In the face of escalating climate risks, businesses worldwide are under increasing pressure to align their operations with global climate goals. As the urgency for meaningful climate action grows, the Science Based Targets initiative (SBTi) has emerged as a critical authority, providing companies with a structured pathway to set credible, science-aligned emissions reduction targets. Recently, the SBTi released a draft of its updated Corporate Net-Zero Standard, outlining significant revisions intended to strengthen corporate commitments and drive more transparent, effective climate action. Together with Alexander Schmidt, an expert in the field of policy and net-zero standards, our latest podcast episode explores the key proposed changes, their implications for businesses, and the challenges that lie ahead as companies strive to deliver on their net-zero ambitions.
TL;DR
- SBTi is raising the bar for corporate climate targets with a newly revised standard.
- Version 2.0 emphasizes separating Scope 1 and 2 emissions for clearer accountability.
- Companies must now publicly disclose transition plans—not just targets.
- Scope 3 emissions require better data and supplier collaboration.
- Beyond Value Chain Mitigation (BVCM) gains traction as a key climate lever.
- Early investment in carbon removals is no longer optional—it's essential.
The Role of SBTi in Climate Action
The SBTi serves as the de facto framework guiding businesses in setting science-based targets for emission reductions. Its primary goal is to keep global temperature rises below 1.5 degrees Celsius, with a commitment to achieving net-zero emissions by 2050. In March, the SBTi published a comprehensive 130-page document detailing proposed revisions to the corporate net-zero standard, which has sparked significant interest among thousands of companies committed to sustainability.
Key Changes in the Revised Standard
The proposed version 2.0 introduces several critical changes aimed at enhancing the effectiveness of corporate climate commitments:
1. Separation of Scope 1 and Scope 2 Targets
One of the notable changes is the separation of Scope 1 and Scope 2 targets. This allows companies to have a more granular view of their emissions and provides greater control over their reduction strategies. By distinguishing between these scopes, businesses can better manage their emissions and hold themselves accountable for their progress.
2. Public Commitment Requirements
Another significant update is the requirement for companies to publicly disclose their emissions targets and transition plans. This shift aims to create greater transparency and accountability in the corporate sector.
"It is easy (for companies) to set targets, and then it is hard to follow through if there is no transition plan behind them."
– Alexander Schmidt, expert advisor on climate policy of Normative
By mandating public commitments, the SBTi seeks to ensure that companies are not only setting ambitious goals but are also actively working towards achieving them.
3. New Metrics for Scope 3 Targets
The revised standard introduces new metrics for Scope 3 targets, including revenue alignment targets and incentives for improving data quality. This is vital for companies that often struggle with the complexity of their supply chain emissions. Enhanced data quality will enable businesses to make informed decisions and develop effective strategies for reducing their overall carbon footprint.
4. Beyond Value Chain Mitigation (BVCM)
BVCM refers to actions that take place outside a company's immediate value chain but can still contribute to climate change mitigation. The SBTi has recognised the importance of these activities and is encouraging companies to invest in climate finance. This could include funding projects that promote sustainable practices or support carbon removal technologies.
"We will need removals by 2050, and it's crucial that companies start investing in these technologies now."
– Simon Bager, co-founder and CIO of Klimate
Challenges Ahead
While the proposed revisions are a step in the right direction, challenges remain. Companies must navigate the complexities of Scope 3 emissions, which often account for a significant portion of their overall carbon footprint. The SBTi has acknowledged that many companies struggle to obtain primary data across their value chains, making it difficult to set accurate targets.
Furthermore, the requirement for companies to exert direct influence over their tier-one suppliers highlights the need for collaboration across the supply chain. Larger corporations, particularly those in sectors like technology and pharmaceuticals, have the potential to drive significant change by encouraging their suppliers to adopt net-zero targets.
Conclusion
The revisions to the SBTi standards represent a critical evolution in corporate climate action. By enhancing accountability through public commitments, separating emissions targets, and recognising the importance of BVCM, the SBTi is setting the stage for more effective climate strategies. However, as companies move forward, they must also address the challenges associated with Scope 3 emissions and ensure that their commitments translate into tangible actions. The journey towards net-zero is complex, but with the right frameworks and collaboration, it is achievable.