Climeworks Receives First Ever AAA Rating From BeZero Carbon
Published by Todd Bush on August 19, 2024
Climeworks has long been committed to high quality, durable, and measurable carbon removal. As we wrote last year in “Why Third Party Verification Matters,” while it is critical to increase the supply of carbon removal on the market as fast as possible, reaching the gigaton target should not come at the expense of high-quality criteria. That’s why we are particularly thrilled to share our Orca plant has achieved a groundbreaking BeZero Carbon Rating of AAA. Not only is this the highest rating in the industry, it is also the first time such a rating has been awarded to any project. This marks a significant milestone for both the carbon removal industry and for Climeworks as a leader in the field.
Climeworks' Orca plant in Iceland, the world's first direct air capture and storage facility in commercial operations.
>> In Other News: Next Hydrogen to Supply Latest Generation Electrolysis Technology for Renewable Energy Ammonia Production Research
This prestigious rating from BeZero reflects the very high effectiveness of our projects in removing CO₂ from the atmosphere. As a leading independent carbon ratings agency, BeZero’s assessment, supported by a robust team of climate scientists, geospatial experts, and analysts, reinforces the exceptional impact of our work. This achievement sets a new benchmark for the industry and highlights the transformative potential of direct air capture and carbon removal technologies.
A huge shoutout to our partners who have made this achievement possible: our storage partner, Carbfix, whose innovative solutions ensure secure and permanent storage of captured CO₂, and Puro.earth, our certifier, whose rigorous standards and validation have been integral to this success.
With Orca's AAA rating, we're proud to lead the way in direct air capture and carbon removal, showcasing the future of climate action.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
One Montana Site Could Supply Half of North America's SAF
Inside This Issue ✈️ Montana's $1.44B Bet on Aviation Fuel Enters Final Stretch 🌍 Carbon Removal Coalition Forms With Goal of Attracting $100-Million in Project Investments 🤝 Prime Minister Carney...
-
Canada Nickel Just Buried CO₂ Before Mining Even Started
Inside This Issue ⛏️ Canada Nickel And UT Prove Mining Can Fight Climate Change 🛰️ OGCI And Carbon Mapper Team Up To Reduce Methane Emissions From The Oil And Gas Sector 🚛 RNG Continues To Lead As...
-
96% Pure H₂ Found Underground — Now What?
Inside This Issue 🧪 HyTerra's Kansas H₂ Could Power a Historic Industry First 🤝 Prime Minister Carney Secures Ambitious New Partnership With India Focused on Energy, Talent, and Technology Françai...
Company Announcements
-
Carbon Removal Coalition Forms With Goal of Attracting $100-million in Project Investments
Leaders in Canada’s nascent carbon-removal industry have joined with several corporate and financial backers as well as the federal government in a bid to attract $100-million in project investment...
-
New Coalition Targets $100M for Canadian Carbon Removal Projects by 2030
An emerging industry to remove carbon dioxide out of the atmosphere got a boost on Thursday with the launch of an initiative to raise another $100 million for those projects. An emerging industry ...
-
TOKYO, March 6, 2026 /CNW/ - Canada is focused on what we can control – strengthening our economy at home and diversifying our partnerships abroad, including in the Indo-Pacific. Japan is an over $...
-
The Government of Canada, BMO, ClimeFi, NorthX, RBC, Shopify, and Vancity launch the "Advance Carbon Removal Coalition" to advance demand for Canadian CDR. OTTAWA, ON, March 5, 2026 /CNW/ - Canada...