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The financial services company has partnered with the Swiss direct air capture specialist to help offset its unavoidable carbon emissions
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Climeworks’ new direct air capture plant will have a nominal carbon dioxide capture capacity of 36,000 tons per year when fully operational, with the aim of removing gigatons of CO2 from the atmosphere each year by 2050
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The luxury jewellery firm is backing the company’s commercial direct air capture project, claimed to be the world’ first project of its kind, in Iceland
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Based in Iceland, the facility can capture up to 4,000 tonnes of carbon dioxide per year
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Climeworks’ carbon removal solution filters carbon dioxide from ambient air using geothermal energy, with the captured CO2 sent for permanent storage in nearby rock layers
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The plant will filter 4,000 metric tonnes of carbon dioxide from the air every year and store them in underground rock
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The firm uses filters and fans to extract CO2 from the atmosphere which is then stored or made into fertiliser for greenhouses or bubbles for fizzy drinks
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Researchers have discovered a way to extract carbon dioxide from the atmosphere and together with water and sunlight convert it into a synthesis gas
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Climeworks has set a goal to capture 1% of global carbon emissions by 2025 through its technology
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