Commercial, Energy Procurement, GHG Emissions, Sourcing Renewables - March 8, 2024
SWISS, Lufthansa Group Sign Carbon Removal Agreement
Swiss International Air Lines (SWISS) and the Lufthansa Group entered into a partnership to jointly increase the scale-up of high-quality carbon removal.
The two airlines signed a catalytic carbon removal agreement with Climeworks, a global company specializing in carbon removal via direct air capture.
The partnership has a long-term horizon, initially extending until 2030, with the option to prolong the collaboration and purchase additional carbon removal volumes in the future.
SWISS is Climeworks’ first customer in the aviation industry and will leverage carbon removal via direct air capture and storage to address unavoidable CO2 emissions. The airline is seeking to significantly increase the use of sustainable aviation fuel and support relevant climate technologies. Between now and 2030, SWISS, as part of the Lufthansa Group, will continue to pursue a clear emissions reduction path that has been validated by the Science Based Target initiative.
"The decision to partner with Climeworks and to purchase its high-quality carbon removal solution reflects our ambition at SWISS to promote key technologies on the journey to net zero. In order to achieve the aviation sector's targets and the global climate goals, we must rely on a variety of measures — including the rapid scaling of sustainable aviation fuel and carbon removal," said SWISS CEO Dieter Vranckx in a statement.
In line with the International Air Transport Association’s Fly Net Zero strategy, SWISS already uses SAF in its aircraft to reduce emissions, alongside investments in modernized fleets and various measures to improve the operations’ efficiency.
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