Startup Of The Week

Startup Of The Week: Climeworks

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Article Summary:

To reach the Paris climate targets, global emission levels will need to be cut in half by 2030, reach net zero by 2050 and stay net negative throughout the second half of the century. Direct air capture is one of few technology options available to remove CO2 from the atmosphere and help speed the transition.That’s where Climeworks, a 2020 World Economic Forum Tech Pioneer, comes in. The company opened the world’s largest direct air carbon dioxide capture and storage system in Iceland in September. The plant will take carbon dioxide from the air and turn it into stone underground.

About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.