The Business Model for Carbon Dioxide Removal

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ClimbWorks offers individuals an opportunity to pay for direct air carbon capture. Now the company is focused more on corporate customers and this underground storage. The business model will clearly continue to change, says founder Matt Roberts. There are a handful of companies that existed pre-2010 but now there's enough room for 2,000 firms.

The carbon-capture industry notched a breakthrough in early 2023, when Climeworks became the first company to be third-party certified for taking carbon out of the air and mineralizing it underground. Climeworks co-founder and co-CEO Christoph Gebald is now racing to scale this new potential, from Iceland to Oman to the United States, by convincing investors, corporate partners, and governments to support a new pillar in the quest for net-zero goals. Christoph points to both serendipity and learning from mistakes as key in helping Climeworks navigate the steep path required in addressing climate-crisis.

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