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

by Cynthia Morel, Oct 10
1 minute read

Constitutes world’s “first and largest” 10-year carbon removal purchase agreement for direct air capture and storage with re-insurance giant Swiss Re. The partnership will see them jointly develop risk management knowledge and risk transfer solutions, as well as to explore future investment and project finance opportunities.

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So what?

Such a partnership is unique and so far unrivalled in the voluntary carbon market for high-quality carbon removal. It is a unique lever to support the development of the direct air capture and storage industry.

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by Cynthia Morel Spotted 12 signals

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