CDR Activity Summary May 6, 2026

April 2026 saw six capital transactions across the CDR market, comprising three equity deals valued at approximately $2.3 million and three debt financing deals totaling nearly $40 million. No grant funding activity was recorded during the month. Nature-based removals continued to dominate the financing landscape, mirroring trends observed in March 2026. Af/Reforestation projects accounted for 66% of total transactions and represented approximately 95% of total disclosed capital deployed during the month.

Offtake activity moderated in April, with five agreements securing close to 2.8 million tonnes of carbon removals. Afforestation/Reforestation projects contributed the largest share of contracted volumes, followed closely by BiCRS and BECCS pathways, indicating continued buyer preference for scalable nature-based and hybrid removal solutions.

On the supply-demand front, issuances increased sharply to approximately 0.89 million tonnes in April 2026, up from 0.34 million tonnes in March 2026, primarily driven by Af/Reforestation and soil-based removal projects. In contrast, retirements declined to around 0.89 million tonnes from 1.24 million tonnes in the previous month. Retirement activity remained concentrated in nature-based pathways, particularly Af/Reforestation and soil carbon removals, while maintaining broad geographic diversity across South America and the Rest of Asia.

On the project front, this month Green Earth received significant investment in carbon removals, with offtake deals in Af/Reforestation, totaling 1.5M tonnes of CO2 removals.

Imperative announced a $25M debt investment deal from The World Bank to accelerate Af/Reforestation. Toucan Forestal Panama S.A. has announced a debt investment of $15M from Finnfund to accelerate carbon removals through Af/Reforestation pathway as well.