CDR Activity Summary Dec 1, 2025

November saw a rebound in CDR funding, reaching a four-month high, though activity concentrated in just two equity deals—the first equity-only month since April.

Nature-based CDR captured all investment this month, while engineered pathways saw no new funding. Equity continued to dominate cumulative 2025 flows, surpassing $5B for the year, with grants anchoring BECCS activity and debt remaining modest.

Offtake activity improved slightly, with ten deals signed and a more diverse mix of CDR pathways represented, though overall contracted volumes remained limited. Technology-sector buyers again led procurement.

Issuances rose to a five-month high, reversing recent tightness, driven almost entirely by nature-based solutions, especially soil-based removals, which recorded their highest monthly volume of 2025.

Retirements declined to their lowest level this year, though natural sequestration pathways, especially af/reforestation continued to dominate. Regional diversity increased across retirements, even as volumes fell.

In November 2025, project-level developments highlighted continued progress across CDR pathways. Neustark partnered with Puro.earth to certify carbonated materials removals under its methodology, expanding Puro’s network to over 300 verified suppliers. Deep Sky advanced engineered removals in North America by deploying Airbus’s modular DAC unit at its Alberta facility, capable of removing 250 tonnes annually and built in just eight months, demonstrating continued momentum in early-stage DAC commercialization. On the policy side, In Europe, the Council approved the EU’s first certification framework for permanent carbon removals  and carbon farming, marking a major regulatory milestone.