Climeworks-Empowering People and Companies to Fight Global Warming with DAC Technology
| Case Code: LDEN202 Case Length: 8 Pages Period: 2009-2023 Pub Date: 2023 Teaching Note: Available |
Price: Rs.300 Organization : Climeworks Industry :Environment & Waste Management Services Countries : Switzerland Themes: Environmental Sustainability, Sustainability, Entrepreneurship |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
A Note on DAC Technology
The DAC technology utilized chemical reactions to capture carbon dioxide from the atmosphere and store it permanently underground or use it in various applications such as manufacturing concrete, or for the production of synthetic fuel in combination with hydrogen. There were two methods to capture carbon dioxide from the atmosphere..
Climeworks’ DAC Technology And Business Model
Climeworks’ DAC technology captured carbon dioxide from the atmosphere and stored it deep in the earth, thereby ..
Helping Companies Reach Their Sustainable Goals
Climate scientists opined that to limit the global warming to 1.5 degrees, it was imperative to remove carbon dioxide from the atmosphere and to also reduce carbon emissions. Global warming was also a component of UN-SDG 13..
Analyst Views
Analysts opined that even though Climeworks’ latest plant ‘Mammoth’ in Iceland had the capacity to remove 36,000 tons of carbon dioxide per annum, this was just a fraction of the 36 billion metric tons of carbon dioxide released into the atmosphere in 2021. Mass deployments of plants utilizing the DAC..
Road Ahead
In the future, Climeworks planned to reduce the cost of carbon dioxide removal. By 2025, the company planned to price it at US$ 500 per ton. It expected the price to be around US$ 300 per ton by 2030 and for it to reduce further by 2040 to US$ 200 per ton. The business of the company depended on climate conscious..
Exhibits
Exhibit I: Companies Specializing in DAC Across the world
Exhibit II: Plans Under the Climate Pioneers Individual Segment
Exhibit III: Plans Under the One-off-Climate Purchase
Exhibit IV: Plans under the Gift of Climate Impact
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