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.
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:
FAQ
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.
FAQ
How does my subscription work?
Contribute to the scale-up of our direct air capture technology and permanently remove CO₂ from the air. 100% of your money goes toward CO₂ removal in your name.
FAQ
How can I subscribe to monthly CO₂ removal?
You can do this in only 3 easy steps. No more than 5 minutes are needed until you are part of our pioneering community that drives climate action.
FAQ
How do I login to my account?
To access your account, you must use the e-mail address you registered with.
FAQ
How can I cancel my subscription?
You can cancel your subscription in your account at any time by logging in from your desktop.
FAQ
How can I change the amount of money (or CO₂) in my subscription?
You can change at any time the amount of money (or kg of CO₂) you wish to remove monthly or yearly.
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.
FAQ
Why does the amount I enter in the subscription form change?
When buying CO₂ removal, we calculate and round your order in kilograms. Therefore, our system adjusts the currency's value entered to get a rounded number of kilograms.
FAQ
How can I change my payment method?
You can change your payment method by logging into your account from a desktop and following the procedure described in this article.