The stakes are clear — 2023 saw global temperatures soar to 1.45°C above pre-industrial levels, while extreme weather events inflicted nearly US$93bn in damages across the US alone.
This reality underscores why carbon removal isn’t just an option — it’s a critical tool for counterbalancing both historic and hard-to-abate emissions in our fight against climate change.
Meet Climeworks
Climeworks pioneers large-scale atmospheric carbon removal through its cutting-edge DAC technology.
Operating the world’s largest DAC facilities in Iceland, the company harnesses renewable energy to extract CO₂ from the air, which is then permanently stored underground through partnerships with specialists like Carbfix. This process is independently verified by DNV and Puro.earth, with its Orca facility achieving the industry’s first Triple A rating from BeZero Carbon in 2024.
Beyond technological innovation, Climeworks offers comprehensive carbon removal portfolios that combine engineered and nature-based solutions.
The company serves leading global organisations including Microsoft, Boston Consulting Group, J.P. Morgan Chase & Co. and SWISS, helping them achieve their net-zero commitments.
As the anchor technology provider for Direct Air Capture Hub Project Cypress in Louisiana, the company is on a trajectory to establish one of the nation’s first megaton Hubs, incentivised by the US Department of Energy’s Bipartisan Infrastructure Law.
With ambitious plans to scale to gigaton removal capacity by 2050, Climeworks is instrumental in the global fight against climate change.
Source: sustainabilitymag.com
