Climeworks signs contract with Morgan Stanley to remove CO2
Climeworks signs major contract with Morgan Stanley
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: Climeworks signs contract with Morgan Stanley to remove CO2
The carbon removal company has signed a contract with banking giant Morgan Stanley. For the Zurich-based start-up, this is the second largest contract in its history.
This content was published on
2 minutes
Keystone-SDA
Français
fr
Climeworks signe un important contrat avec Morgan Stanley
Original
Climeworks, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETHZ), will remove 40,000 tonnes of CO2 from the atmosphere on behalf of the American company, it said in a press release on Thursday. The milestone is important because it will accelerate the activities launched in the US, which are supported by the US Department of Energy.
Morgan Stanley aims to achieve net-zero financed emissions by 2050 and mobilize USD1 trillion in sustainable finance by 2030.. The partnership between the two companies runs until 2037.
More
More
Can CO2 capture and removal help solve the climate crisis?
This content was published on
Switzerland plays a pioneering role in the removal of CO2 from the atmosphere, a tempting option that’s not without its detractors.
Climeworks has developed a technology capable of removing carbon dioxide from the air and storing it permanently in rock. The company has since rapidly expanded its operations in Iceland, as well as with several planned sites in the United States, including a plant in Louisiana scheduled to start construction in 2026.
Adapted from French by DeepL/ac
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Climate adaptation
Why Switzerland is among the ten fastest-warming countries in the world
In Switzerland more people are being referred to electrical therapies or psychedelic-assisted psychotherapy. Are there similar approaches where you live?
Swiss heat: parallels drawn with 2003 ‘summer of century’
This content was published on
Looking at the current weather situation in Switzerland, the private weather service MeteoNews has drawn parallels with the hot summer of 2003.
Syria: Switzerland calls for ceasefire to be respected in Suweida
This content was published on
Switzerland has condemned the attacks on civilians in the southern Syrian town of Suweida and has called on all parties to respect the ceasefire in the Druze stronghold.
Swiss reinforce ground-air defence with German systems
This content was published on
Switzerland has purchased five IRIS-T SLM systems for ground-based air defence from Germany, the Federal Office for Defence Procurement (armasuisse) said on Monday.
This content was published on
Individual deer are continuing to return to the Rosenberg cemetery in Winterthur, northeastern Switzerland, even after an eviction campaign last winter.
Hardly any interest earned on savings accounts in Switzerland
This content was published on
Interest rates on savings accounts in Switzerland have fallen significantly. The brief high in savings interest rates is over, according to a study by online comparison service Moneyland.
This content was published on
A group of around 25 men in uniforms of the Wehrmacht – the army of Nazi Germany – crossed the Wildhorn massif on Saturday and were questioned by Bern cantonal police.
Switzerland named hotspot for fox tapeworm disease
This content was published on
Diseases caused by the fox tapeworm are on the rise in Europe. Alveolar hydatid disease (AHD) caused by the parasite is rare, but the number of cases is increasing.
This content was published on
The earth shook near Mürren in the Bernese Oberland on Monday afternoon with a magnitude of around 4.2 on the Richter scale.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.