Subject category:
Ethics and Social Responsibility
Published by:
INSEAD
Version: 03/2024
Length: 16 pages
Data source: Published sources
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https://casecent.re/p/197178
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Abstract
With heightened sensitivity to the climate crisis, organizations around the world are pursuing diverse initiatives to mitigate global warming. Climeworks is a pioneer in employing direct air capture (DAC) technology to remove carbon dioxide (CO2) from the atmosphere and store the carbon underground. The company has set an ambitious goal of removing 1 gigaton of CO2 per year by 2050. However, given the nascency of the technology, the carbon markets and the policy landscape, it is too early to tell if that is reachable. What should Climeworks do to achieve the greatest environmental impact?
Time period
The events covered by this case took place in 2009-2024.Geographical setting
Region:
World/global
About
Abstract
With heightened sensitivity to the climate crisis, organizations around the world are pursuing diverse initiatives to mitigate global warming. Climeworks is a pioneer in employing direct air capture (DAC) technology to remove carbon dioxide (CO2) from the atmosphere and store the carbon underground. The company has set an ambitious goal of removing 1 gigaton of CO2 per year by 2050. However, given the nascency of the technology, the carbon markets and the policy landscape, it is too early to tell if that is reachable. What should Climeworks do to achieve the greatest environmental impact?
Settings
Time period
The events covered by this case took place in 2009-2024.Geographical setting
Region:
World/global