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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

Showing every status, not only ranked
CapitalProvidedArranged

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For developers, arrangers and capital providers. Submissions are reviewed before they appear; nothing here is published automatically.

Global Equity and M&A League Table

Top 10 by apportioned credit · 270 transactions · US$5.94bn of disclosed capital

  1. 1Occidental PetroleumUS$1.12bn3
  2. 2FedExUS$175m1
  3. 3Partners GroupUS$162m2
  4. 4BigPoint HoldingUS$162m2
  5. 5Flagship PioneeringUS$155m3
  6. 6Alaska Permanent FundUS$155m2
  7. 7Lowercarbon CapitalUS$147m26
  8. 8CPP InvestmentsUS$143m2
  9. 9Baillie GiffordUS$106m2
  10. 10Carbon Removal PartnersUS$104m17
612 providers rankedFull ranking

Global Debt League Table

Top 10 by apportioned credit · 108 transactions · US$1.62bn of disclosed capital

  1. 1European Investment BankUS$307m2
  2. 2Nordic Investment BankUS$236m2
  3. 3Bond investors (misc)BondUS$142m2
  4. 4TotalEnergiesPre-purchaseUS$100m1
  5. 5JPMorgan ChaseUS$64.0m3
  6. 6MirovaLoan, StreamingUS$54.2m6
  7. 7Base CarbonStreamingUS$43.2m3
  8. 8Carbon StreamingStreaming, LoanUS$42.4m11
  9. 9Fundo Clima (BNDES)US$40.3m3
  10. 10U.S. International Development Finance CorporationUS$37.0m1
78 providers rankedFull ranking

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

  1. 1European Commission (Innovation Fund)US$138m2
  2. 2XPRIZE FoundationUS$100m44
  3. 3UK Department for Energy Security and Net ZeroUS$67.7m15
  4. 4Transformative Carbon Asset FacilityUS$50.0m1
  5. 5U.S. Department of Energy (OCED)US$50.0m1
  6. 6Breakthrough Energy CatalystUS$40.0m1
  7. 7California Energy CommissionUS$18.5m3
  8. 8U.S. Department of EnergyUS$14.2m7
  9. 9Natural Resources CanadaUS$12.9m5
  10. 10EnovaUS$8.07m4

Of which public support: US$565m across 168 transactions.

55 providers rankedFull ranking

Capital by pathway

Top seven pathways by capital raised, two most recent years

0344m688mBECCSBECCS 2026: US$180m across 3 sized transactions2026BECCS 2025: US$688m across 6 sized transactions2025ARRARR 2026: US$156m across 6 sized transactions2026ARR 2025: US$567m across 9 sized transactions2025DACDAC 2026: US$0.63m across 1 sized transaction2026DAC 2025: US$346m across 17 sized transactions2025Bio-oil burialBio-oil burial 2026: US$55.0m across 2 sized transactions2026Bio-oil burial 2025: US$76.5m across 5 sized transactions2025Avoided extractionAvoided extraction 2026: nothing sized across 0 sized transactions2026Avoided extraction 2025: US$100m across 1 sized transaction2025ERWERW 2026: US$5.58m across 3 sized transactions2026ERW 2025: US$88.5m across 8 sized transactions2025Ocean and marineOcean and marine 2026: US$32.6m across 3 sized transactions2026Ocean and marine 2025: US$25.9m across 6 sized transactions2025In US$m

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.

How these tables are built

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
542ranked transactions across 62 countries
US$8.12bnof disclosed capital deployed
Ranked transactions by regionNorth AmericaNorth America, Debt: 30 transactions (28%)28%North America, Equity, M&A and grants: 180 transactions (41%)41%EuropeEurope, Debt: 23 transactions (21%)21%Europe, Equity, M&A and grants: 147 transactions (34%)34%AsiaAsia, Debt: 12 transactions (11%)11%Asia, Equity, M&A and grants: 35 transactions (8%)8%AfricaAfrica, Debt: 28 transactions (26%)26%Africa, Equity, M&A and grants: 11 transactions (3%)3%South AmericaSouth America, Debt: 11 transactions (10%)10%South America, Equity, M&A and grants: 6 transactions (1%)1%OceaniaOceania, Debt: 1 transaction (1%)1%Oceania, Equity, M&A and grants: 7 transactions (2%)2%
Ranked transactions by region
RegionDebtEquity, M&A and grantsTotalShare of transactionsDisclosed value
North America3018021038.7%US$4.28bn
Europe2314717031.4%US$2.63bn
Multiple / not recorded348519.4%US$218m
Asia1235478.7%US$335m
Africa2811397.2%US$282m
South America116173.1%US$203m
Oceania1781.5%US$179m

Data as at 16 October 2026 · 241 added in the last 30 days · How these tables are built

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