Abstract

The case “Climeworks – Empowering People and Companies to Fight Global Warming with DAC Technology" is about the Direct Air Capture (DAC) technology utilized by Climeworks, a Swiss company, for carbon removal and sequestration. Global warming had become a global problem and climate change was affecting millions across the globe. Startups such as Climeworks had come up with innovative technologies to capture carbon in a sustainable and secure way. The case discusses the growth of the startup and its business model along with the DAC technology used by the company. The various plans offered by the company helped corporates achieve their sustainable goals under UN-SDG 13. Even though the DAC technology was expensive, analysts opined that the contribution made by the technology was also required in addition to various other measures to combat global warming, for an urgent reduction in global warming that posed a threat to the global community. It remained to be seen whether Climeworks would succeed in its quest to play an important part in carbon removal, facilitate businesses in achieving their sustainable goals, and help reduce global warming while at the same time making the DAC technology more affordable.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Understand the role of startups in reducing the impact of global warming
• Examine the importance of DAC technology in combating global warming
• Understand UN-SDG 13 and the approaches by which corporates can achieve their sustainability goals

Keywords

Sustainability; Environment Pollution; Global Warming; UNSDG 13; DAC Technology; Carbon Sequestration