CDR Activity Summary Jul 8, 2026

June 2026 marked a shift from May's public-sector-led funding to private capital, with no government grants recorded. Capital commitments totaled ~$151.4M across four deals. Equity investments led the activity, including Ardian–Société Générale and Deep Sky–Sumitomo Mitsui. Debt financing was recorded through Charm Industrial–JPMorgan and Carbon2Nature Brasil.

CDR offtake volumes increased to ~2.23M tonnes, with activity shifting from BECCS to nature-based removals. Amazon's 1.95M-tonne reforestation agreement with Imperative accounted for most of the volume, while smaller BiCRS transactions and Microsoft's first Asia-based ERW purchase from Alt Carbon represented engineered CDR activity.

On the supply-demand side, June issuances declined to ~120K tonnes, while retirements increased to ~335K tonnes, reversing May's issuance-over-retirement pattern. Retirements continued to be dominated by nature-based pathways, primarily from Asia and South America.

On the offtake front, Amazon signs a 1.95 million-tonne reforestation offtake agreement with Imperative, marking one of the largest nature-based CDR purchases to date.

Microsoft executes its first Asia-based Enhanced Rock Weathering (ERW) offtake agreement with India's Alt Carbon, expanding its durable CDR portfolio.

On the financing front, Charm Industrial secures financing from JPMorgan to scale bio-oil carbon removal deployment. Carbon2Nature Brazil receives support from Brazil's National Bank for Economic and Social Development (BNDES) for nature-based carbon projects.

Frontier announces an additional commitment of $915 million to accelerate the world's leading carbon removal companies, bringing its total commitment to $1.8 billion. Participating buyers include Stripe, Google, Shopify, Salesforce, H&M Group and Anthropic, reinforcing growing corporate support for carbon removal technologies.