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.
The UK’s largest pension insurance specialist, Rothesay, also signed a carbon removal agreement with Climeworks.
These purchases mark a total of three 10-year agreements for Climeworks within just 5 months, showcasing that the demand for high-quality carbon removal exists and pitting it as a pioneer at the forefront of industry change. Founded in 2009, the Swiss company has enjoyed a good amount of good news lately. In September 2021, the company revealed a new facility namedIn light of Boston Consulting Group’s recent sustainable strides, its recent deal with Climeworks is no surprise.
In addition to advancements of BCG, Climeworks has signed an agreement with LGT, the world’s largest family-owned private banking and asset management group. The deal is the largest ever direct air capture agreement of its kind and has committed the group to permanently remove 9,000 tons of carbon emissions from the air.
As the climate crisis becomes increasingly urgent and pressing, the efforts to develop and invest in carbon removal technologies have intensified. Some of the other companies which recently received funding are the carbon removal