Key takeaways
- High-quality carbon dioxide removal (CDR) deserves more visibility on the political agenda to help meet global climate targets and realize the potential of this trillion-dollar industry.
- Climeworks is therefore excited to be amongst the founders of the newly launched Carbon Removal Alliance (CRA), with Climeworks' own Chief Climate Policy Officer Christoph Beuttler joining the CRA's board.
- The CRA, led by Executive Director Giana Amador, is the first U.S. policy coalition focused on a portfolio of high-quality, permanent carbon removal to drive technology-neutral policies that do not just focus on a fraction of the CDR solutions we need, but on a holistic portfolio.
- What's important is that CDR solutions should meet distinct quality criteria to incentivize the scaling of high-quality solutions, namely permanence, net negativity, additionality and verifiability - in line with the principles that Climeworks is putting forward with its carbon removal service via direct air capture technology.
"We are excited to co-found this strong network of innovators focusing on high-quality carbon removal. The Carbon Removal Alliance embodies what Climeworks has always been advocating for: the scale-up of carbon removals that are permanent, net negative, additional and verifiable. A portfolio of CDR solutions is needed on gigaton level by 2050 and we need to make sure that the highest-integrity solutions are incentivized. As a board member, I hope to share the learnings we gained at Climeworks to accelerate this scale-up - in particular our experience with permanence and third-party verification."
Christoph Beuttler, Chief Climate Policy Officer at Climeworks
About Climeworks
Climeworks empowers people and companies to fight global warming by offering carbon dioxide removal as a service via direct air capture (DAC) technology. At Orca, Climeworks’ DAC facility in Iceland, the CO2 is permanently removed from the air by capturing and geologically storing it for thousands of years with Climeworks’ storage partner Carbfix. Climeworks’ DAC facilities run exclusively on clean energy, and our modular CO2 collectors can be stacked to build machines of any capacity.
Founded by engineers Christoph Gebald and Jan Wurzbacher in 2009, Climeworks is on a journey to climate impact at scale. To do so, we strive to inspire 1 billion people to act and remove CO2 from the air. Climeworks is spear-heading the DAC industry globally, with the world’s largest DAC facility and storage installation in operation and a team of 300 Climeworkers determined to contribute to a net-zero future. Our growing customer base includes over 160 companies, including multinationals such as Microsoft, BCG, UBS or Swiss Re, as well as more than 18,000 individual Climate Pioneers.