WORLDECONOMICF①RUMWhat Companies Can Learn from First MoversCarbon Dioxide Removal:Best-Practice GuidelinesWHITE PAPERJANUARY 2024ContentsPrefaceExecutive summary1 Overview of the challenge61.1 Why carbon removal is essential to achieving the Paris goal61.2 Status of carbon removal technologies1.3 Purpose of this report82 The engineered CDR landscape92.1 Carbon removal technologies available in the market92.2 Quality features of engineered CDR123 Why engage in engineered CDR now?143.1 It's good for corporate climate strategy143.2 It provides business opportunities153.3 Leadership is essential-'wait and see'is not an option173.4 Engineered CDR brings co-benefits,too183.5 A mix of natural-climate solutions and engineered CDR is19needed4 How to access the nascent market for engineered CDR214.1 How to secure the budget214.2 Choosing the right market access model244.3 Communicating CDR performance in-house and outside26the companyConclusion28Appendix29Contributors30Endnotes31Disclaimerproject,insight area or interaction.The findings,the World Economic Forum,nor the entirety of itsMembers,Partners or other stakeholders.No part of this publication may be reproduced or