Swiss Re launches $10mn carbon capture and storage scheme with Climeworks
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Swiss Re launches $10mn carbon capture and storage scheme with Climeworks

Alex Frampton
25 August 2021
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Swiss Re has signed a $10mn deal with specialist technology firm Climeworks for direct air capture and storage of carbon dioxide over 10 years, as part of the carrier’s commitment to reach net-zero emissions in its operations by 2030.

Swiss Re said the length of term and total value of its purchase agreement were so far unmatched in the voluntary market for carbon removal, and that it sent an “important demand signal” to developers, investors and other buyers.

The...

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Alex Frampton
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