Press Releases

1039 Results

    BCG and Climeworks Sign 15-Year Agreement Redefining Carbon Removal Leadership

    Two Years after Signing Their First Carbon Removal Partnership in 2021, Climeworks and BCG Sign an Unprecedented1 15-Year Agreement to Rapidly Scale High-Quality Carbon Removal to Fight Global WarmingThis Removals Purchase of 80,000 Metric Tons of Carbon Dioxide (TCO2) Is the Largest of Climeworks’s Corporate Buys to DateThe Significant Duration of the Agreement Underlines the Crucial Role of Long-Term Commitments to Fast-Track the Capacity Buildout of High-Quality Removals. For This, Climeworks Is a Leader in Multiple GeographiesZURICH—Climeworks, a global leader in carbon removal via direct air capture technology, and Boston Consulting Group (BCG), one of the world’s leading management consulting firms, are strengthening their collaboration with a 15-year strategic partnership agreement.

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    $18 Trillion Capital Gap Is Threatening the Green Energy Transition

    A Staggering 90% of the Shortfall is Traceable to Electricity and End Use InvestmentsInflation, High Capital Costs, and Supply Chain Pressures Are Slowing the Energy TransitionCompanies Are Optimizing Capital Structures for Energy Transition Investment with Deals Surpassing $320 billion in 2023 BOSTON—Closing the $18 trillion gap to fund the green energy transition through 2030 is being slowed by negative investment conditions. Challenges include inflation, supply chain constraints and pressures, and higher costs of capital. However, the energy sector has responded proactively. Total energy sector transactions exceeding $320 billion so far in 2023 show that the industry is fine-tuning capital frameworks for the energy transition, according to a publication released today by the Boston Consulting Group (BCG) Center for Energy Impact. Titled Bridging the $18 Trillion Gap in Net Zero Capital, the report is based on an analysis of 260 of the world’s largest energy companies across power and utilities, oil and gas, and private equity.