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Climate & Sustainability at BCG | TU Munich | WHU

Carbon Dioxide Removal (#CDR): Europe's Path to a Trillion-Euro Industry 🌍 Today’s article in the Handelsblatt addresses this question by highlighting our newest study “Carbon Dioxide Removal: Europe and Germany's Role in Catalyzing a Trillion-Euro Industry” by Boston Consulting Group (BCG) and Deutscher Verband für negative Emissionen e.V. (DVNE): https://lnkd.in/dARrNWYG   While we as a society urgently and drastically need to reduce our greenhouse gas (#GHG) emissions, reduction measures alone will not suffice. With the potential to become a trillion-euro global industry, #CDR is a vital complement for climate change mitigation and for reaching the Paris Agreement's stipulated targets. By neutralizing emissions and preventing them from contributing to #GlobalWarming, CDR paves the way to a #NetZero emissions future.   In our study, we highlight how climate change mitigation and economic growth can go hand in hand … 🌿 Key Role for Climate Goals: Neutralizing residual emissions from hard-to-abate sectors. 📈 Economic Boom: €470-940B global economic potential annually by 2050 – at par with today’s global airline industry. 👷♂️ Job Potential: Up to 670K (190K) jobs for European (German) companies.   … and what needs to be done to make CDR’s potential a reality ⛔ Roadblocks: 5 key hurdles prevent rapid uptake of CDR. 🏃♂️ Action plan: Policymakers, CDR industry, CDR certificate buyers, and investors must collectively embrace 15 measures.   Check our 📱 website for interactive navigation and access to the full report (EN & DE): https://lnkd.in/d6NfeqXV It was a pleasure collaborating with DVNE and multiple dedicated member companies in our endeavor to establish CDR as a recognized cornerstone of #ClimateStrategy. Special thanks go out to my author team Dr. Patrick Herhold, Dr. Johanna Puetz, Karan Mistry, PhD, Phillip Spiekermann and Louisa Maier - thank you for the great teaming over the past weeks. 🙏

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Mara Kronauer

Project Leader at BCG | Climate & Sustainability in Industrials | Unlocking truly sustainable advantage

2w

Thank you for sharing, super insightful study and love the website - great combination of education and new findings 👏 And one more example of the massive (socio-)economic benefits of climate action. Congrats to you and the author team!

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