Scientists say that Direct Air Capture technologies will help us achieve our climate goals quicker, providing a way to remove and store CO2 emissions, but these solutions will need to scale faster in order to be effective.
ESG Today writes that Climeworks, a company founded in 2009 by Christoph Gebald and Jan Wurzbacher, became one of the world's most important carbon removal experts. We wrote about the company's collaboration agreements in the past and Microsoft is one of its most important customers.
In 2022, Climeworks raised almost 650 million USD to help scale its DAC solutions. The funds helped with developing the company's new 36.000 tons capacity DAC facility, which is nearly finished.
Jan Huckfeldt, Chief Commercial Officer of Climeworks, said that "no cost-sensitive company will consider high-quality carbon removal without first having exhausted all available CO2 reduction measures. SWISS’ pioneering carbon removal purchase shows their steadfast commitment to making net zero in aviation a reality."
Lufthansa has committed to become a net-zero company by 2050, while cutting its CO2 output by 50% before 2030, compared to 2019 levels. While Lufthansa officials will focus mainly on technologies such as SAF implementation to become more sustainable, they added that carbon capture will play an important role in the race to net-zero.
SWISS CEO Dieter Vranckx said that "in order to achieve the aviation sector’s targets and the global climate goals, we must rely on a variety of measures – including the rapid scaling of sustainable aviation fuel and carbon removal."
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