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.
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
US storm continues to sweep through Swiss stock market
This content was published on
The Swiss stock market continued to trade in the red mid-afternoon on Monday, following in the wake of the world's stock markets, which fell heavily as a result of the trade war launched by Donald Trump.
This content was published on
The referendum committee announced in Bern on Monday that it had collected more than 60,000 signatures against the e-ID project. The initials still need to be approved.
This content was published on
The number of offences committed by minors in canton Ticino, southern Switzerland, rose by over 20% in 2024 compared to the previous year.
Swiss trout and pike found with excessive PFAS levels
This content was published on
Trout and pike in the lakes of western Switzerland contain excessive levels of the chemical group PFAS. This could jeopardise their saleability.
Swiss unions call for shorter days for construction workers
This content was published on
Construction workers need shorter days, say Swiss trade unions. Demonstrations are planned in Zurich and Lausanne on May 17.
Rapeseed restrictions cause problems for Swiss farmers
This content was published on
More and more Swiss farmers are abandoning rapeseed cultivation because they lack the means to protect the sensitive plants from pests.
Tariffs: Swiss index SMI down sharply in pre-market trading
This content was published on
The trade war unleashed by US President Donald Trump is causing a sell-off. According to experts' calculations, the leading Swiss SMI index is likely to fall by around 2%.
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.