Technology

Boston Consulting groups up with carbon seize know-how firm

Smoke and steam billow from Belchatow Energy Station, Europe’s largest coal-fired energy plant, operated by PGE Group, at night time close to Belchatow, Poland December 5, 2018. REUTERS/Kacper Pempel/File Picture

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ZURICH, Dec 9 (Reuters) – Boston Consulting Group has teamed up with carbon seize know-how firm Climeworks to assist to develop its enterprise, which focuses on capturing carbon dioxide immediately from the air.

Beneath the settlement, Boston Consulting Group (BCG) will present consulting providers centered on serving to the agency to scale up its actions and attain extra clients.

It can additionally buy providers from the group to assist to offset its personal emissions by 2030.

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“Not solely will we leverage Climeworks’ providers to attain our personal net-zero goal by 2030, however we will even have a far higher influence by performing as Climeworks’ advisory associate to speed up the broader adoption and scaling of their providers globally,” Joachim Stephan, BCG’s head of Switzerland, stated in an announcement.

Swiss start-up Climeworks AG in September opened the world’s largest plant that sucks carbon dioxide immediately from the air and deposits it underground.

It partnered with Icelandic carbon storage agency Carbfix to develop the plant that may suck 4,000 tonnes of carbon dioxide from the air yearly.

Direct air seize remains to be a fledgling and dear know-how, however builders hope to drive down costs by scaling up as extra firms and customers look to cut back their carbon footprint.

Environmental activists have warned additional knock-on impacts to the surroundings and broader ecosystem should even be assessed.

BCG stated latest analysis confirmed direct air seize know-how had the potential to seize and completely take away 1.5 billion tonnes of carbon dioxide per 12 months by 2050, including it aimed to assist to broaden the market by such partnerships.

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Reporting by Brenna Hughes Neghaiwi. Enhancing by Jane Merriman

Our Requirements: The Thomson Reuters Belief Rules.

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