CDR Activity Summary Mar 06, 2026

February 2026 saw a modest rebound across CDR market activity. Capital raising picked up slightly, mirroring January’s uptick after the sharp December 2025 drop, with two equity-only deals totaling roughly $63M (up from $55M in January). No debt or grant transactions were recorded.

Investment activity maintained a balanced split between engineered pathways (Marine CDR) and nature-based routes (Af/Reforestation) in terms of deal count, though nature-based solutions dominated overall investment volume.

Offtake momentum softened, with five agreements securing around 2M tonnes of removals. Microsoft continued its run of landmark contracts, primarily anchored in Af/Reforestation.

On the supply–demand side, issuances surged to roughly 1.6M tonnes, driven overwhelmingly by Soil-based removal projects. Retirements rose to about 0.53M tonnes, led by Af/Reforestation and Soil-based removals, with a more regionally diverse profile than last month, concentrated across South America and the Rest of Asia.

On the project front, this month again Microsoft invested heavily in carbon removals with an offtake deal in Af/Reforestation with Rainforest Builder, totaling 1.8M tonnes of CO2 removals.

pHathom Technologies announces $4M investment deal from Propeller Ventures to accelerate Marine Carbon Fixation and Sequestration (MCFS). Hummingbirds has announced an equity investment of $59M from a consortium of investors to accelerate Af/reforestation.