ZURICH, Dec 9 (Reuters) - Boston Consulting Group has teamed
up with carbon capture technology company Climeworks to help to
develop its business, which focuses on capturing carbon dioxide
directly from the air.
Under the agreement, Boston Consulting Group (BCG) will
provide consulting services focused on helping the firm to scale
up its activities and reach more customers.
It will also purchase services from the group to help to
offset its own emissions by 2030.
"Not only will we leverage Climeworks' services to achieve
our own net-zero target by 2030, but we will also have a far
greater impact by acting as Climeworks' advisory partner to
accelerate the broader adoption and scaling of their services
globally," Joachim Stephan, BCG's head of Switzerland, said in a
Swiss start-up Climeworks AG in September opened the world's
largest plant that sucks carbon dioxide directly from the air
and deposits it underground.
It partnered with Icelandic carbon storage firm Carbfix to
develop the plant https://www.reuters.com/business/environment/worlds-largest-plant-capturing-carbon-air-starts-iceland-2021-09-08
that can suck 4,000 tonnes of carbon dioxide from the air every
Direct air capture is still a fledgling and costly
technology, but developers hope to drive down prices by scaling
up as more companies and consumers look to reduce their carbon
Environmental activists have warned https://www.reuters.com/business/cop/us-firm-buries-oil-made-farm-waste-costly-carbon-tech-2021-11-10
further knock-on impacts to the environment and broader
ecosystem must also be assessed.
BCG said recent research showed direct air capture
technology had the potential to capture and permanently remove
1.5 billion tonnes of carbon dioxide per year by 2050, adding it
aimed to help to expand the market through such partnerships.
(Reporting by Brenna Hughes Neghaiwi. Editing by Jane Merriman)