Climeworks added to Microsoft’s climate portfolio

EIT Climate-KIC supported Climeworks, a carbon capture technology, is now part of Microsoft’s carbon removal portfolio and its plan to reach negative emissions by 2030 and remove its historic emissions by 2050.

Humans have increased atmospheric CO2 concentration by over a third since the Industrial Revolution began. These emissions have already increased global temperatures by around 1°C since pre-industrial times. According to the IPCC’s Special Report on Global Warming of 1.5°C: “Global net human-caused emissions of carbon dioxide (CO2) would need to fall by about 45 per cent from 2010 levels by 2030, reaching net-zero around 2050. This means that any remaining emissions would need to be balanced by removing CO2 from the air.”

In combination with reducing our emissions, this may be approached in two ways: Implementing natural climate solutions, such as tree planting, as well as negative emissions technologies. Climeworks’ direct air capture and storage solution is an example of the latter. 

Climeworks’ patented technology captures CO2 directly from the air using clean energy. The air-captured carbon dioxide is then either returned to earth, stored safely and permanently away for millions of years, or it is upcycled into climate-friendly products such as carbon-neutral fuels and materials, fertiliser for greenhouses or bubbles in fizzy drinks.

Founded by engineers Christoph Gebald and Jan Wurzbacher, the Swiss company received training and support through EIT Climate-KIC’s Accelerator programme in 2012 and 2013, and raised over €67 million to expand its carbon dioxide removal capacities last year and another €27 million in 2018. Climeworks was also featured in Bill Gates’ Breakthrough Technologies list in 2019.

“Being part of Microsoft’s CO2 removal portfolio is a game-changer,” said Christoph Gebald, Co-CEO and Co-Founder, Climeworks. “Not only does Microsoft’s approach remove their own emissions, but they are also inspiring other businesses to invest in science-based and scalable solutions that have the potential to make a significant difference in the fight against climate change—like Climeworks’ carbon dioxide removal.”

Microsoft will also provide funding to Climeworks through its Climate Innovation Fund.

“Climeworks’ direct air capture technology will serve as a key component of our carbon removal efforts,” said Elizabeth Willmott, Carbon Program Manager, Microsoft. “Their application set a high bar for technical rigor – especially the permanence of their solution, and we are looking forward to helping further scale their work with this purchase.”

In addition to its climate portfolio and Climate Innovation Fund, Microsoft has signaled its commitment to mitigating climate change through its recent partnership with EIT Climate-KIC on the Climathon, a global ideathon that fosters and supports a community of innovators working in their communities to help humanity achieve the zero emissions goal. The winner of the Climathon award “Most improved idea since 2015,” Start Park, will receive mentorship from Microsoft’s Worldwide Sustainability Community to continue its project, which uses nature-based solutions to improve the outdated design and architecture of city green spaces to foster more resilient communities.

Learn more about Climeworks’ inclusion in Microsoft’s climate portfolio via its press release.

 
Location
Switzerland
Articles you may be interested in
In The News
In the face of complex challenges, Europe stronger together, says EU President...

European Commission President Ursula von der Leyen outlined her...

In the face of complex challenges, Europe stronger together, says EU President von der Leyen
In The News
New IPCC report reveals urgent need for climate innovation

The IPCC’s Sixth Assessment Report has launched. The report...

New IPCC report reveals urgent need for climate innovation
In The News
Moving beyond ‘brown coal’ in Europe’s rural regions

Together with Partners, EIT Climate-KIC is leading a process...

Moving beyond ‘brown coal’ in Europe’s rural regions
In The News
EU’s “Fit for 55” to spur policy innovation for climate action

The European Commission has released its “Fit for 55”...

EU’s “Fit for 55” to spur policy innovation for climate action
In The News
Munich Re and ERGO invest in EIT Climate-KIC carbon removal programme

Major German corporate group sets the ambition to accelerate...

Munich Re and ERGO invest in EIT Climate-KIC carbon removal programme
In The News
23 pilot projects selected by EIT to unlock higher education’s innovation po...

The European Institute of Innovation and Technology (EIT) has...

23 pilot projects selected by EIT to unlock higher education’s innovation potential in Europe
In The News
Investing in start-ups scales the offering of climate adaptation solutions in ...

A partnership between EIT Climate-KIC and CDC Group, the...

Investing in start-ups scales the offering of climate adaptation solutions in African and South Asian countries
In The News
Irish Aid extends support for innovation and development from the ground up

The Government of Ireland’s development assistance programme, Irish Aid,...

Irish Aid extends support for innovation and development from the ground up
In The News
EIT Climate-KIC showcases climate innovation at R&I Days

EIT Climate-KIC participated in the European Commission’s Research and...

EIT Climate-KIC showcases climate innovation at R&I Days
In The News
Branch Magazine wins Ars Electronica Award for Digital Humanity

Branch Magazine, a collaboration between EIT Climate-KIC, Mozilla Foundation...

Branch Magazine wins Ars Electronica Award for Digital Humanity
In The News
Cross-KIC project to boost circular economy in Western Balkans

The circular economy concept is of crucial importance to...

Cross-KIC project to boost circular economy in Western Balkans
In The News
Exploring new horizons with Pioneers into Practice

Enrolment is now open for placement hosts and participants...

Exploring new horizons with Pioneers into Practice
In The News
Circular bioeconomy start-up receives €2 million from European Innovation Co...

EIT Climate-KIC supported Lixea (formerly Chrysalix Technologies) has received...

Circular bioeconomy start-up receives €2 million from European Innovation Council Fund
In The News
Embracing a new approach to climate change in Moldova

Moldova is one of Europe’s most modest contributors to...

Embracing a new approach to climate change in Moldova
In The News
Krakow: transforming the city towards climate neutrality

Poland’s former capital and one of its oldest cities,...

Krakow: transforming the city towards climate neutrality
In The News
Is Europe doing enough to tackle climate change?

On 23 April, EIT Climate-KIC CEO Kirsten Dunlop spoke...

Is Europe doing enough to tackle climate change?
In The News
EU Commission publishes sustainable finance taxonomy

The European Commission has published its EU-wide classification system for...

EU Commission publishes sustainable finance taxonomy
In The News
New European Bauhaus: what kind of future do you want to live in?

On 22 and 23 April, the first conference dedicated...

New European Bauhaus: what kind of future do you want to live in?
In The News
Estonian innovation to help stabilise grid as renewables increase

EIT Climate-KIC supported Estonian start-up Sympower has raised €5.2...

Estonian innovation to help stabilise grid as renewables increase
In The News
Five EIT Climate-KIC community members in Forbes 30 under 30 list

Twelve entrepreneurs from across the EIT community have been...

Five EIT Climate-KIC community members in Forbes 30 under 30 list
In The News
These eleven organisations are building a greener Europe

Google, in partnership with EIT Climate-KIC, launched the €10...

These eleven organisations are building a greener Europe
In The News
New equity crowdfunding programme unearths cleantech start-ups

Found by us, funded by you, a new start-up...

New equity crowdfunding programme unearths cleantech start-ups
In The News
From start-up to 100-person industry player in 18 months: air up is launching ...

It’s a beverage revolution: Healthy hydration while fooling your...

From start-up to 100-person industry player in 18 months: air up is launching in new markets
In The News
#TurnItAround: an event for all climate solutions seekers, suppliers and enabl...

As part of the fifth SDG Global festival of...

#TurnItAround: an event for all climate solutions seekers, suppliers and enablers
In The News
New EIT initiative to boost innovation in higher education

The European Institute of Innovation and Technology (EIT) is...

New EIT initiative to boost innovation in higher education
In The News
Just transition within reach for Polish coal city Rybnik

“We are preparing plans for the next decade. Mentality is...

Just transition within reach for Polish coal city Rybnik
In The News
Inclusive guide helps communities build urban resilience

The new Urban Action Kit, launched by the International...

Inclusive guide helps communities build urban resilience
In The News
Climate app among DigiEduHack 2020 global finalists

The DigiEduHack, supported by EIT Climate-KIC as well as...

Climate app among DigiEduHack 2020 global finalists
In The News
GreeMko receives Climate Reality Project Award in Spain 

GreeMko (for Green Management Technology), a Spanish start-up that...

GreeMko receives Climate Reality Project Award in Spain 
In The News
What’s the future of trade in a climate crisis?

EIT Climate-KIC Chief Executive Officer Kirsten Dunlop addressed the...

What’s the future of trade in a climate crisis?