To reach international climate targets outlined by the United Nations Framework Convention on Climate Change (UNFCCC), global warming will need to be limited to 1.5°C.

Reaching this goal will require a dramatic increase in the number carbon management projects than what currently exists today. The Carbon Management Challenge (CMC) seeks to drive carbon management projects and infrastructure development to achieve this.

The CMC is a joint call to action to accelerate the scale-up of carbon capture, removal, use, and storage technologies to address carbon dioxide (CO2) emissions.

Launched in 2023, the CMC is comprised of 22 participants worldwide with an ongoing effort to expand the number of country participants. The international climate initiative was launched by Australia, Canada, Egypt, Norway, Denmark, Japan, Saudi Arabia, the European Union, the United Arab Emirates, and the United States of America at the Major Economies Forum in April 2023.

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Advancing projects by
2030 to manage
1
Gigatonne
of CO2 annually

CMC participants agree to take voluntary actions to advance a pipeline of carbon management projects by 2030, that when fully operational, will collectively manage 1 gigatonne (Gt) of CO2 or more annually.

Since its launch, key initiatives include climate finance for project deployment, setting national objectives, joint tracking and knowledge-sharing, and advancing the global conversation on carbon management.

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An accelerated and inclusive global scale-up of carbon management

23

participants from
around the world

Participant list
Australia
Bahrain
Brazil
Canada
Denmark
Egypt
European Commission
Iceland
Indonesia
Japan
Kenya
Mozambique
Mauritania
Netherlands
Nigeria
Norway
Romania
Saudi Arabia
Senegal
Sweden
United Arab Emirates
United Kingdom
United States
Australia
Bahrain
Brazil
Canada
Denmark
Egypt
European Commission
Iceland
Indonesia
Japan
Kenya
Mozambique
Mauritania
Netherlands
Nigeria
Norway
Romania
Saudi Arabia
Senegal
Sweden
United Arab Emirates
United Kingdom
United States

The CMC goal is consistent with 1.5°C pathways, in line with findings in the latest assessment report of the International Panel on Climate Change (IPCC)

Participants in the CMC determine how they will meet the Challenge. They may:

Develop and implement policies, regulations and programs
Create financial incentives
Expand research funding
Launch new initiatives or join existing ones*
Build and invest in projects, among other things

*For example, MI Carbon Dioxide Removal Mission and CEM Carbon Capture Utilization and Storage Initiative

To drive new and ambitious efforts forward, the CMC, has assembled committees, with representatives from all seven regions of participants, along with three separate workstreams focused on developing country finance, project tracking and communications, respectively.

Enabling this scale-up will require strong government commitments and leadership, along with ambitious public-private sector partnerships. Governments and project proponents also have an important role to play in ensuring that carbon management projects prioritize meaningful public participation throughout, maximizing co-benefits for the surrounding environment and community.

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Managing carbon on the path to net-zero

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