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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.

green trees under white sky during daytime

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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