From 16-20 January, Climeworks will participate in the World Economic Forum 2023 Annual Meeting in Davos, Switzerland. This year’s summit, titled “Cooperation in a Fragmented World,” will focus on the ongoing global crises and the call for bold collective action, including climate action.
According to the Intergovernmental Panel on Climate Change (IPCC), we are at a point where reducing the world’s emissions is not enough to limit global warming to 1.5°C. We also need to actively remove CO₂ emissions from the air with carbon removal solutions. The IPCC estimates that direct air capture and storage alone needs to remove up to 310 billion tons of CO₂ by 2100.
At the WEF Annual Meeting, Climeworks intends to elevate the voice of the developing carbon dioxide removal (CDR) industry, representing direct air capture (DAC) towards world leaders and key industry players. To do so, we will take part in panels and events to underline DAC’s required role in the fight against global warming.
We are looking forward to meeting with global leaders already gathered in Switzerland to further advance the understanding of these technologies as a necessary tool for climate change mitigation in addition to emissions reductions, drive climate commitments and foster new as well as existing relationships.
For the developing CDR industry, cooperation across a wide range of stakeholders is vital to bring technologies such as DAC to scale. While the priority of climate mitigation should be rightly and importantly on emissions reductions, action on scaling CDR technologies like DAC should not be delayed. CDR solutions need to be ramped up today in order to be available at scale tomorrow. Both the private and public sectors have a crucial role to play in this.
At COP27, we already witnessed growing excitement around DAC and CDR, observing an increasing number of people and partnerships drawn to the industry, addressing key topics of the CDR scale-up journey: clear standards in measuring, reporting, and verification (MRV), the roles of the voluntary carbon market and compliance market in accelerating the deployment of DAC, as well as additional demand creation for CDR. In this context, we recently released our second industry snapshot, where we examine the increasing deployment of DAC technology, and the conditions necessary to further drive it.
Therefore we’re optimistic that WEF will drive the CDR conversations even further.
Climeworks will be represented by Chief Climate Policy Officer Christoph Beuttler, Chief Commercial Officer Jan Huckfeldt, and Chief Marketing Officer Julie Gosalvez. Climeworks co-founder and co-CEO Christoph Gebald will also be present, as well as other leadership team members.
The highlights of their agendas include (the timing of the sessions given in CET):
Climeworks' contributions to the WEF Annual Meeting 2023 are still evolving – if you would like to engage with Climeworks at the Annual Meeting and explore collaboration opportunities together, please reach out to [email protected]