South Pole will launch TechGen with founding buyers in 2026, enabling these early movers to secure their position in the CDR Market.
TechGen offers a streamlined approach for global corporations to invest in multi-year offtake agreements of a diverse portfolio of global CDR projects. Buyers will benefit from pooled purchasing power, helping to lower overall transaction costs for all participants. TechGen actively mitigates buyers' investment risks by spreading the risk across emerging and established technologies and regions with varying risk-reward outlooks.
Daniel Klier, CEO of South Pole, said: “If we need to go far, we need to go together. We are proud to convene a buyers club of climate leaders who share our ethos and clarity on the need for action and impact. Carbon removals are essential to ensure the long-term stability of our economy and society.
'The momentum is clear — nearly half of the world's top financial institutions now plan to include removals in their climate transition plans – we now need to turn that into demand and tangible commitment. What's missing is a high-integrity market structure. That's what we're building."
The UN climate body, the IPCC, predicts that 7-9 billion tonnes of CO₂ must be removed from the atmosphere every year by mid-century. Scaling the deployment of CDR solutions will be essential; however, current global levels of CDR remain at only 2 billion tonnes annually, and are predominantly from nature-based solutions. Permanent removals account for just 1.3 million tonnes per year, and accelerated corporate action is required to significantly boost the deployment of removals.
Michael Weber, Global Senior Director of Carbon Removal at South Pole, said: “Companies are under immense pressure to reach net zero — a goal that cannot be met without a credible removals strategy. But asking a single company to make a long-term, multi-million dollar bet on one technology or project is a huge burden and risk. Our Buyers Club is designed to de-risk that investment, share the responsibility of building the market, and give buyers reliable access to high-quality removals without having to go it alone."
Companies need to consider evolving regulations, methodologies, and industry standards within the sustainability sector, as well as a fraught geopolitical and economic environment. Internally, sustainability professionals also need to justify to their CFOs and CEOs why this is a sound investment. For example, the Science-Based Targets initiative (SBTi) has proposed integrating carbon removal into corporate net-zero strategies.
In light of global calls to move from commitments to action, joining TechGen demonstrates corporate leadership in the low-carbon transition and commitment to technological removals. As a founding partner of the NextGen CDR joint venture, South Pole will apply significant learnings from governance and buyer needs to ensure TechGen channels transformative levels of finance to carbon removal projects worldwide.
Since its founding in 2023, NextGen has contracted projects across Europe, North America, South America, and Asia to create one of the largest diversified and durable CDR portfolios, with transactions for more than 200,000 CDRs already announced. From now until 2030, these projects are delivering high-quality CDRs to NextGen's members, generating significant impact.
Matthew Le Flocq, Managing Director of NextGen, said: “In a complex market, a buyers' coalition gives businesses the ability to use their collective purchasing power to de-risk investments, secure supply from a diverse portfolio, and gain visibility for their leadership."
TechGen is expected to be formally launched in 2026 and will create a trusted community where sustainability leaders can exchange knowledge, align on best practices, and together shape the future of the CDR market.
South Pole's team stands ready to find the most suitable carbon removal solutions specific to your industry, company size and risk appetitie. Please get in touch and one of the team will reach out to understand your needs.
The 2025 Net Zero Report focuses on financial institutions, how they are progressing on net zero targets and what they expect from portfolio companies. Download it now.
South Pole TechGen (TechGen) is a new Buyers Club created by South Pole to accelerate the scale-up of high-durability carbon dioxide removal (CDR) technologies. Launching in 2026, TechGen manages a diversified portfolio of high-integrity technology removals designed to reduce costs, pool risk, and provide long-term supply security for companies with net-zero goals.
TechGen builds on South Pole’s experience designing and operationalising global buyers’ coalitions, including being one of the founders of NextGenCDR, and offers participants a trusted, expertly managed platform. Members benefit from lower costs through pooled purchasing power, reduced delivery risk via a diversified portfolio, visibility for climate leadership, and access to a community of sustainability pioneers shaping the future of carbon removals.
South Pole is the world's leading carbon asset developer and climate consultancy.
Since 2006, South Pole has been a trusted partner and advisor to governments, public sector organisations, and leading businesses on their decarbonisation journeys. South Pole serves over 1,000 clients across the world, and its global team of experts has helped many Fortune 500 businesses implement comprehensive strategies that help build resilience and turn climate action into long-term business opportunities.
In line with its mission to deliver true climate impact for all, South Pole has used the power of markets to help channel climate finance to over 850 projects in more than 50 countries across the globe. To date, these projects have helped reduce over 200 million metric tonnes of CO2 emissions, accelerated low-carbon transformations across several sectors, and provided measurable benefits to communities vulnerable to climate change.
The business is supported by world-class investors, including Temasek's GenZero, Lightrock, Corisol, and Salesforce Ventures.
South Pole is a social enterprise recognised by the World Economic Forum's Schwab Foundation, and committed to becoming a B Corp globally.
For more information, visit www.southpole.com or LinkedIn.
Cutting emissions isn’t enough—discover how nature and tech are teaming up to pull carbon from the air and drive us towards net zero.
The NextGen CDR Facility (NextGen) has announced the advance purchase of ~200k tonnes of CDRs from carbon removal projects that will constitute the world's largest diversified portfolio of CDRs.
South Pole has joined the Carbon Business Council as a Cornerstone Member to accelerate the scaling up of technological carbon removals and to support an ecosystem of removals leaders.
