Decarbonizing the global economy is key to reaching net zero. The world needs to remove 10 billion tonnes of CO2 from the atmosphere each year by 2050, which is 5 times the amount currently being removed. Innovative CO2 capture, utilization, and storage technologies have the potential to contribute to large-scale industry decarbonization. If fully deployed, carbon utilization alone could convert 27 gigatonnes of CO2 into products each year by 2050, unlocking a $4.4 trillion opportunity for sustainable economic practices.