Climeworks and Swiss Re ink 'world's first' 10-year deal for direct air carbon capture and storage

James Murray
clock • 2 min read
Construction site for the pioneering Climeworks CO2 removal and storage facility in Iceland, known as Orca
Image:

Construction site for the pioneering Climeworks CO2 removal and storage facility in Iceland, known as Orca

New $10m agreement will see Climeworks capture and store carbon emissions on behalf of the risk management giant

The fledgling direct air carbon capture sector has this week chalked off another major milestone, as Climeworks announced it has signed the world's "first and largest" 10-year carbon removal purchase agreement...

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