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Can I deduct the subscription from tax?

If you are purchasing our carbon removal services, the general answer is no.

However, our partnership with Terraset enables donations, eligible for tax deduction in the U.S., with possibilities in Canada and the U.K. as well.

Climeworks Carbon Dioxide Removal services are not tax deductible as a payment is made in exchange for services provided.

However, if you are based in the U.S., Canada, or the U.K. you can donate to Terraset in support of Climeworks and unlock tax deduction opportunities.

Find more info here: Tax-deductible donation through Terraset – Climeworks FAQ

For individuals and legal entities that are subject to a tax on earnings (as opposed to income tax), the cost of Carbon Dioxide Removal services may be considered as a business expense and therefore reduce taxable earnings. However, this depends on the applicable national and local laws as well as the specific circumstances of the entity setup and location. Please consult with your local legal or tax advisor for advice.

Find more answers:

What do you use my money for?
FAQ

What do you use my money for?

The money from Climeworks Pioneers goes into a separate bank account and is recognized as revenue only upon delivery of the carbon removal services.

How do I delete my account?
FAQ

How do I delete my account?

You can pause or cancel your subscription anytime in your account and activate it whenever you like. Here is how to cancel or pause it.

How long does it take you to remove the CO₂?
FAQ

How long does it take you to remove the CO₂?

In line with our plants' deployment roadmap, orders are carried out within 6 years. That means 6 years from your one-off order or 6 years from each monthly subscription order.

Do I get an order confirmation?
FAQ

Do I get an order confirmation?

In your account, you will find your CO₂ removal order confirmation, where we state the amount of carbon dioxide ordered in your name. No one else can claim that amount.

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