NextGen CDR Facility

NextGen was established to help bridge the lack of support for innovative carbon removal technologies and projects that will impact their scaleup of CDRs by 2030. NextGen, a collaboration drawing on the expertise of South Pole and Mitsubishi Corporation, is the first truly global facility of its kind, bringing together leading multi-national buyers from across Asia, Europe, and North America to promote the market for high quality, certified carbon removals (CDRs) from technological projects. NextGen has been specifically designed for corporate buyers committed to Net Zero targets, making permanent, high-quality CDRs accessible at a target price of $200/t. NextGen purchases CDRs from projects using a range of technological approaches that offer significant potential to scale:. No, all NextGen buyers are committed to carbon removals as an additional activity to decarbonization efforts, and will retire CDRs to ensure they are not being used to support activities misaligned with limiting warming to 1.5°C . Quality: NextGen emphasis on independent certification and delivery ensures CDRs meet recognized standards to ensure credible net zero targets. Market Insights: Collaboration with leading corporations that are developing the carbon removals sector, along with informational events for industry insights and project deep dives.