Carbon removal is definitely a unique market in the early innings, and our goal is to provide transparency into the market at it scales.
One important note: CDR.fyi aggregates purchases, deliveries, and verifications of carbon removed and stored for more than 100 years
At your current spot price ($29), that means it costs $0.29 per gallon of gasoline to capture the released carbon.
I’m pretty optimistic about the viability (and necessity) of carbon capture, but that seems too good to be true.
In particular, it would mean that we don’t need to stop using fossil fuels, since that is rounding error vs. the price of gasoline.
Is anyone actually delivering captured carbon at that price yet?
The graph is deceptive because eyeballing the average rate gets you ~$300, not $29. There might be something funky going on with the averaging, because if you click into the individual producers, the price you get is on the order of hundreds of dollars, not tens of dollars.
I tapped it because I wasn’t sure if the Y axis started at zero. (It does.)
Edit: Macroalgae is at $8. Is that in production yet?
I don't think this helps the field. "We turned carbon into rock" is really a whole different thing from "we put carbon into the soil and hope it stays there fingers crossed".
(Update: Here is some background why some of those methods are sketchy https://www.theatlantic.com/science/archive/2021/07/soil-rev... )