XPRIZE released its fourth annual Circular Carbon Market Report analyzing 2023 investment and growth trends of this emerging industry. 2023 marked a record-breaking year for the Circular Carbon Industry, with $8 billion invested last year and $25.4B invested cumulatively to date.
The report is an effort of the Circular Carbon Network (CCN), an initiative of XPRIZE, that has been collecting primary market data on nearly 1000 companies spanning carbon removal, carbon conversion, point source capture, and market infrastructure since 2018.