Climeworks Signs A 10-Year Carbon Removal Contract With PwC Switzerland

Climeworks Signs A 10-Year Carbon Removal Contract With PwC Switzerland - Carbon Herald
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Climeworks attracts another major client – PwC Switzerland which closed a 10-year carbon removal contract with the Swiss direct air capture company, as announced on September 5th, 2022. Among a recent array of customers that selected Climeworks to offset their unavoidable emissions, PwC has committed to purchase carbon removals to eliminate part of its hard-to-abate emissions.

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PwC Switzerland also announced its net zero by 2030 roadmap including validated science-based targets. The emissions reduction targets were validated by the Science Based Targets Initiative. They involve commitments to reduce its scope 1 and 2 emissions and the company’s business travel emissions by 50% in absolute terms by 2030. 

The leading audit and advisory firm also states it will cut its emissions as much as possible through different initiatives like switching to 100% renewable electricity and prioritizing public transport for travel. 

PwC Switzerland claims it will remove all residual emissions with science-based solutions, or Climeworks’ direct air capture and storage technology which is the only technological removal solution in its portfolio to date.

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Permanent and reliable carbon removal technologies like Climeworks’ will play a major role in enabling the world to reach net zero emissions. 

The company is putting efforts into scaling its solution so commitments from clients are critical to enabling it to expand and build more direct air capture facilities. Switzerland is also a global innovation hub so it is positioned to support climate change companies and push innovations.

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