Microsoft signs a 10-year carbon removal offtake agreement with Climeworks

Swiss direct air capture (DAC) company Climeworks has announced that it has entered into a 10 year agreement with Microsoft which tasks Climeworks with removing 10k tonnes of CO2 emissions on behalf of the technology company. According to the statement from Climeworks, the Swiss company’s technology was the only DAC solution that Microsoft had selected for its carbon removal portfolio in 2021. Christoph Gebald, co-CEO and co-founder of Climeworks said, ““We are thrilled to sign our second carbon removal contract with Microsoft and work together in the long run. Long-term commitments like this multi-year agreement are crucial for scaling the DAC industry because the guaranteed demand catalyzes financing of our infrastructure and consequently accelerates the development of the required ecosystem for scaling DAC”.