In a world where climate action is no longer optional, companies are scrambling to find effective ways to meet their decarbonization targets. To address this pressing need, CEEZER has partnered with professional services giant EY to release a comprehensive report titled Creating Value With Green Carbon: CCS and CDR as Complementary Measures for Decarbonization.

Demystifying Carbon Capture and Removal

The white paper tackles a crucial question facing business leaders today: Should companies invest in carbon capture and storage (CCS) technology, purchase carbon dioxide removal (CDR) credits, or pursue a combination of both?

It’s an urgent question, stresses CEEZER Founder + CEO Magnus Drewelies. "Most enterprises understand some form of CDR or CCS will be needed to achieve their climate targets,” he said. “Yet, many are now struggling to make the right choice between investing in CCS or buying, and potentially selling, CDR in the carbon markets."

A Framework for Informed Decision-Making

The CEEZER/EY report provides a comprehensive framework to help companies navigate these complex decisions. It considers factors including:

• Technical feasibility of CCS in the supply chain
• Scalability of solutions
• Regulatory landscape
• Strategic fit within each organization

The report also showcases real-world examples from innovative companies like Nasdaq and Orsted, demonstrating how CCS and CDR can be effectively deployed in various business contexts.

The Path Forward for CDR and CSS

As the race to decarbonize intensifies, this report and framework serve as an invaluable resource for companies looking to make informed decisions about their climate strategies. By understanding the options available and asking the right questions, businesses can choose the technologies that best align with their decarbonization journey and overall business strategy.

"While CCS and CDR markets are still in their nascent phase, they already present opportunities for value creation, depending on a company's positioning in the market," said Aaron Neuville, Partner at EY, noting the potential for value creation in these emerging markets. “For CCS and CDR to become a source of value creation, business leaders need to actively engage with various stakeholders along the carbon value chain and collaboratively innovate their business models within a carbon ecosystem.”

‍Creating Value With Green Carbon is available for download here.