Climeworks’ proposed Norway site, image credit: Climeworks

Climeworks Wins Funding For Direct Air Capture & Storage In Norway

Climeworks, the company responsible for the world’s first and largest Direct Air Capture and Storage (DAC+S) plant in Iceland, has been awarded €2.3 million by Enova, a state enterprise owned by Norway’s Ministry of Climate and Environment. The multi-million euro boon for the world leader in DAC facilities will fund … [continued]

Source: Naomi Cole and Joe Wachunas based on pathways of decarbonization from the World Bank and images courtesy of Unsplash

Carbon Sequestration (For Dummies)

A number of organizations have charted a path to a decarbonized world by 2050 and broken down required action into four areas or “pathways.” In recent posts, we discussed the first three pathways — decarbonizing electricity, electrifying everything, and using energy efficiently. We also discussed how individuals can take part in, … [continued]

Climeworks Announces Boston Consulting, LGT Bank, & Rothesay As New Carbon Removal Customers

In addition to high-scale emission avoidance and reduction efforts, high-quality carbon removals are beginning to be another component of global net-zero roadmaps. This has triggered both LGT and Boston Consulting Group (BCG) to sign a 10-year air capture agreement with Climeworks, thereby committing to a longstanding commitment towards carbon removal. … [continued]