The future of technical carbon removals… today!
The NextGen CDR Facility brings technical expertise and global networks together to unlock the potential of large scale technical carbon removal. The establishment of NextGen follows last year's announcement by South Pole, recently approved as an Implementing Partner of the First Movers Coalition (FMC), and its development was strongly influenced by the Carbon Removal Climate Action Group of the World Economic Forum Alliance of CEO Climate Leaders.
NextGen will help build a market for high-quality certified technical carbon removals (technical CDRs), in a world where removing carbon dioxide (CO 2) from the atmosphere is necessary to reach net zero emissions by 2050.
By bringing together leading companies to purchase verified negative emissions, generated by innovative technologies that remove and store CO 2 for hundreds of years from the atmosphere, NextGen will provide companies at the cutting edge of carbon removals with the financing needed to scale.
NextGen's commitment to technical CDRs that can be certified under ICROA standards will ensure both the credibility of the market, as well as tangible environmental benefits.
NextGen is the first truly global facility of its kind, bringing together buyers from across Asia, Europe, and the USA to promote international support for technical CDRs.
Biomass carbon removal and storage (BiCRS) explores ways to remove CO₂ from the atmosphere via biomass (organic materials) and to store it underground or in long-lived products.
Direct air carbon capture and storage (DACCS) extracts CO₂ directly from ambient air, where it can then be stored in geological reservoirs or long-lived products such as cement.
Enhanced weathering uses silicate minerals that turn CO₂ into stone naturally when exposed to the rainwater. By grinding these rocks into a fine powder, this natural process which usually takes thousands of years can be sped up significantly.
High-temperature biochar is produced by burning biomass at high temperatures in a low-oxygen environment, which prohibits the release of CO₂. The produced high-carbon biochar is resistant to decay and can be added to soils where the carbon remains for centuries, while at the same time improving soil quality.
Product Mineralization uses CO₂ from the atmosphere or biomass. Through chemical reactions, the CO₂ gets turned into solid carbonate minerals such as calcite or magnesite. The mineralised carbon is then stored in long-lived materials that can be used in the construction industry.
says Mark Kenber, co-Executive Director, Voluntary Carbon Markets Integrity initiative (VCMi).
Five leading companies from across Asia, Europe, and North America announce their plan to join the NextGen CDR Facility (NextGen) as founding buyers to dramatically scale up carbon removal technologies and catalyze the market for high-quality carbon removals.