Climeworks establishes new market mechanism to help achieve climate goals


Swiss firm Climeworks has signed several historic contracts for its new Carbon Dioxide Removal solution, marking the first time a company is commissioned to permanently remove the carbon dioxide (CO2) of its customers from the atmosphere.

During last year’s international climate talks in Bonn, Climeworks announced the creation of a new market mechanism using Direct Air Capture (DAC) technology to help achieve the world’s climate goals. Customers can now reverse the effect of unavoidable emissions and achieve carbon neutrality through Climeworks removing an equivalent amount of CO2 emissions from the atmosphere and storing them underground via the CarbFix process in Iceland.

The first customers to sign up for the Carbon Dioxide Removal solution are Robert Charles Swan and his son Barney (below), who recently completed the South Pole Energy Challenge – the first polar expedition using only renewable energies. The pair skied 965km using a NASA designed ice melter, passive solar vacuum flasks, and advanced biofuels for survival. The expedition signed up with Climeworks to reverse emissions stemming from flights and associated logistics to make the expedition net positive.

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