• Climeworks, a Swiss direct air capture (DAC) startup, has signed a five-year carbon removal agreement with Swarovski, an Austrian jewelry producer. 

• Under the agreement, Climeworks will remove Swarovski’s carbon emissions, driving it closer to achieving its sustainability plans. 

<ul><li> Analyst QuickTake: Climeworks, having launched the world’s largest DAC facility last year, has been actively trying to onboard new customers. Climeworks has been selling DAC carbon removals since 2019 and has a customer base of 13,000+. It has signed multiple carbon removal agreements with Zendesk , Rothesay , LGT , BCG , Swiss Re , Square , and Ocado Retail. </ul>