Recent developments, such as new initiatives launched during COP26 or the release of the new SBTi Net Zero Standard, prove that high-quality carbon removal must be an essential component of net zero roadmaps in addition to emissions reduction efforts. LGT, the world’s largest family-owned private banking and asset management group, has just signed a ten-year carbon removal agreement with Climeworks to remove 9’000 tons of CO₂ from the air – the largest-ever direct air capture agreement signed by a bank. LGT’s purchase is the third ten-year agreement for Climeworks within…
Read MoreLGT and Climeworks close one of the largest-ever direct air capture agreements – the financial services industry at the forefront of carbon removal
