Establish the market
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.
Scale innovative technologies
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.
Ensure CDR credibility
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.