Kumo League Tables Beta
Who is financing carbon removal and how is it being executed.
League tables showing who provides and arranges the capital flows to carbon projects and project developers, as well as details of each deal.
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542
Transactions ranked
405
Disclosing a value
US$8.12bn
Capital tracked
746
Capital providers
Global Equity and M&A League Table
Top 10 by apportioned credit · 270 transactions · US$5.94bn of disclosed capital
- 1Occidental PetroleumUS$1.12bn3
- 2FedExUS$175m1
- 3Partners GroupUS$162m2
- 4BigPoint HoldingUS$162m2
- 5Flagship PioneeringUS$155m3
- 6Alaska Permanent FundUS$155m2
- 7Lowercarbon CapitalUS$147m26
- 8CPP InvestmentsUS$143m2
- 9Baillie GiffordUS$106m2
- 10Carbon Removal PartnersUS$104m17
Global Debt League Table
Top 10 by apportioned credit · 108 transactions · US$1.62bn of disclosed capital
- 1European Investment BankUS$307m2
- 2Nordic Investment BankUS$236m2
- 3Bond investors (misc)BondUS$142m2
- 4TotalEnergiesPre-purchaseUS$100m1
- 5JPMorgan ChaseUS$64.0m3
- 6MirovaLoan, StreamingUS$54.2m6
- 7Base CarbonStreamingUS$43.2m3
- 8Carbon StreamingStreaming, LoanUS$42.4m11
- 9Fundo Clima (BNDES)US$40.3m3
- 10U.S. International Development Finance CorporationUS$37.0m1
Pre-purchases, streaming and outcome bonds rank with debt here. A provider whose debt is all one of them is tagged, and the Type filter shows each on its own.
Global Grant League Table
Top 10 by apportioned credit · 164 transactions · US$564m of disclosed capital
- 1European Commission (Innovation Fund)US$138m2
- 2XPRIZE FoundationUS$100m44
- 3UK Department for Energy Security and Net ZeroUS$67.7m15
- 4Transformative Carbon Asset FacilityUS$50.0m1
- 5U.S. Department of Energy (OCED)US$50.0m1
- 6Breakthrough Energy CatalystUS$40.0m1
- 7California Energy CommissionUS$18.5m3
- 8U.S. Department of EnergyUS$14.2m7
- 9Natural Resources CanadaUS$12.9m5
- 10EnovaUS$8.07m4
Of which public support: US$565m across 168 transactions.
Capital by pathway
Top seven pathways by capital raised, two most recent years
Sized transactions only, so a pathway funded entirely on undisclosed terms does not appear.
Arrangers, who structure a deal without supplying money, are ranked separately under Arranged. Apportioned credit uses a provider's own disclosed ticket where one exists and an even share of the deal where none does, so the column reconciles to the market total.
Global transaction coverage
Every ranked transaction placed by where the carbon is, not where the office is: a project in Ghana financed into a London company counts as Africa.
- Debt
- Equity, M&A and grants
| Region | Debt | Equity, M&A and grants | Total | Share of transactions | Disclosed value |
|---|---|---|---|---|---|
| North America | 30 | 180 | 210 | 38.7% | US$4.28bn |
| Europe | 23 | 147 | 170 | 31.4% | US$2.63bn |
| Multiple / not recorded | 3 | 48 | 51 | 9.4% | US$218m |
| Asia | 12 | 35 | 47 | 8.7% | US$335m |
| Africa | 28 | 11 | 39 | 7.2% | US$282m |
| South America | 11 | 6 | 17 | 3.1% | US$203m |
| Oceania | 1 | 7 | 8 | 1.5% | US$179m |
Data as at 16 October 2026 · 241 added in the last 30 days · How these tables are built