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Carbon removal demand to hit 8 billion tonnes, but only 1% delivered—3 opportunities for Asia to lead

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At the annual Asia-Pacific carbon market event Carbon Forward Asia, a panel titled “Removals: Putting the Net into Net-Zero” was held on March 5. From left: Alvin Lee, Regional Head APAC at Puro.Earth; Ikarus Janzen, Chief Commercial Officer at Varaha; Stephanie Chiang, senior research analyst at Wood Mackenzie; and Leo Park, Vice President at Capture6.

At the annual Asia-Pacific carbon market event Carbon Forward Asia, a panel titled “Removals: Putting the Net into Net-Zero” was held on March 5. From left: Alvin Lee, Regional Head APAC at Puro.Earth; Ikarus Janzen, Chief Commercial Officer at Varaha; Stephanie Chiang, senior research analyst at Wood Mackenzie; and Leo Park, Vice President at Capture6. (Photo: Carol Chen)

Carbon Forward Asia, held from March 4 to 5 in Singapore, featured a panel on the second day titled “Removals: Putting the Net into Net-Zero,” which explored the opportunities and challenges for advancing carbon removal in Asia.

“Carbon prices are too low to create real demand for carbon removal,” said Leo Park, vice president of direct air capture startup Capture6, during a discussion with senior research analyst Stephanie Chiang of Wood Mackenzie and Chief Commercial Officer Ikarus Janzen of Varaha.

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