A market the size of the fossil fuel
industry is required to capture,
transport and store carbon
to reach the goals of the Paris
BiCRS has a key role to play here. The value chain of BiCRS projects is long and complex. Companies with biogenic carbon emissions are often not equipped to manage the financing, transport and permanent storage of captured CO₂.
In addition, the bankability of projects can only be secured if there are carbon removal certificate buyers in the voluntary carbon market, public subsidies or regulatory instruments to cover the full cost of the value chain.