Swiss Re to pay $10m for offsets that turn CO2 into stone as part of Net Zero plans

Reinsurer claims cheaper offsetting options have limitations

Swiss Re has bolstered its efforts to become Net Zero by signing a 10-year purchase agreement for carbon offsets that “literally turn CO2 to stone”.

The world’s biggest reinsurer has partnered with Cimateworks, a Swiss carbon dioxide air capture technology firm, to buy offsets gen…

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