The exec selling climate tech to corporates

Read the full story at Politico.

Direct air capture is hot right now, and Carlos Härtel is one of those leading the push to capitalize on it.

Switzerland-based Climeworks in January became the first company to deliver actual emission reductions based on pulling carbon dioxide out of ambient air for a corporate customer. But the price is high — as much as $600 per ton — and capacity is low. Both the Biden administration and the private sector are pouring money in to help expand the nascent industry and combat climate change as fast as they can.

Härtel, Climeworks’ chief technology officer, talked with POLITICO about how carbon removal compares with carbon offsets, the Inflation Reduction Act and whether carbon removal should be mandated for certain industries.

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