Climeworks CFO: DAC startups risk destroying industry trust through overpromising
Andreas Apley · DAC’s bumpy road to commercial scale · Oct 3, 2024 · at 19:13
Andreas Apley is the CFO of Climeworks, discussing the influx of new venture-backed direct air capture startups and the dangers of aggressive cost and deployment targets.
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“What we're worried about is what's going to happen if people are not transparent about the challenges is that, that people will lose face at some point, you know, when they say, well, this is just an industry that makes a lot of promises, but doesn't really keep them.”
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