SBTi mandates carbon removal purchases for 11,000 companies by 2035
The Science Based Targets initiative published Net-Zero Standard V2.0 on June 11, requiring large companies to buy carbon removal credits from 2035, potentially creating 293M–1.1B tonnes annual demand.
California commits $11M to direct air capture as federal support wavers
California's Energy Commission opened a $11 million DAC solicitation May 6, creating state-level infrastructure support as the Trump administration left federal hub funding in doubt.
DOE locks in $1B for Texas and Louisiana carbon removal hubs
The Department of Energy retained over $1 billion in federal funding for the South Texas DAC Hub and Project Cypress, cementing carbon removal as permanent U.S. climate infrastructure regardless of administration.
DOE restores $1.2B for DAC as Stratos prepares first 500K-tonne startup
The Department of Energy is funding Occidental's Stratos plant and Heirloom's Project Cypress to commercial scale, with Stratos entering operation this quarter, representing an 873% jump in global DAC capacity in one year.