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Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme

May 23, 2022

Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere.

Even with pledges of huge reductions in emissions, many scientists believe extracting carbon dioxide from the atmosphere by planting forests and using technology will be essential to meet global goals set under the Paris climate agreement to curb climate change.

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