CDR Activity Summary Apr 3, 2026

March 2026 reflected a financing profile similar to February, with three equity-only deals totaling roughly $63 million, alongside one debt financing transaction. No grant funding was recorded during the month.

However, unlike February 2026 , when investment activity was more balanced between engineered and nature-based pathways, March saw a clear tilt toward nature-based removals. These accounted for 66% of total deals and 95% of invested capital, indicating a strong concentration of capital in nature-based pathways during the month.

Offtake activity accelerated sharply, with ten agreements securing more than 8.2M tonnes of removals. A significant share of this volume was driven by landmark contracts from Woodside Energy Group, with Afforestation/Reforestation contributing the bulk of contracted volumes.

On the supply-demand front, issuances softened to approximately 0.25M tonnes, largely from Afforestation/Reforestation and soil-based removal projects. In contrast, retirements rose to around 1.1 million tonnes, again led by nature-based pathways, particularly Afforestation/Reforestation and soil carbon.

Geographically, retirement activity remained diversified, similar to last month, with volumes primarily concentrated across South America and the Rest of Asia.

On the project front, this month Woodside Energy Group invested heavily in carbon removals, with a series of offtake deals in Af/Reforestation and IFM, totaling 6.6M tonnes of CO2 removals.

Cultivo announced $60M investment deal from Octopus Energy to accelerate Af/Reforestation. Sequestra has announced an equity investment of $3.5M from VSE Beteiligungs to accelerate carbon removals through Mineralization.