What is a PESTEL analysis? When is it used? Consider the Climeworks article. Are forces in the general environment affecting this company? If so which one or ones are the most important? Explain. If you don't see any of the forces in the PESTEL analysis, then explain what forces you do see in action. Should be at least 500 words.

Swiss company that counts Microsoft as a customer says it's removed CO2 from the air and put it in the ground KEY - Cimewons says it has succesifully taken carbon diexide out of the POINTs air and put it in thi ground where it will turn inte rock in a procest that has bees verifed by third party certifies - afrst. - Companies Hike Microsoft, Stripe and Shepily had previously paid Climewoks in advance to offset their future carben emissions, as part of a broader effort to kickstert the nascent carbon remeval industry. Swas company climenarks announced Thursday that it has maccessully taken carbon dioxide out of the air and put it in the ground where it will eventually tum into rock in a peocess that has been verified by an independeat third-party auditor, It the Erst time a company has suceessfully taken earbon dioxide out of the atmosphere, put ir underground to be locked away permanently and delivered that permanent carban removal to a payingeustomer. The developenent has been a long time coming Christoph Gebald and Jan Wurabacher co-founded Climeworks in 2009 as a spinoff of ETH zairich, the main techaical usivenity in Switzerland's largent dity. They have beenscaling the technolog for direct earbanxmava, wherein machines vacuum greenhose gases wut of the air. Ovet the last couple of yean, Michenott 7 , Stripe and Sbopity it Swiss company Glimeworles announced Thursday that it has successfully taken carbon dioxide out of the air and put it in the ground where it will eventually tum into rock in a process that has been verified by an independent third-party auditoe, It the first time a company has succersfully taken carbon dioxide out of the atmorphere, put it underground to be locked away permanently and delivered that permanent carbon removal to a paying customer. The development has been a long time coming. Christoph Gebald and Jan Wurabacher co-founded Climeworks in 2009 as a spinoff of ETH Zurich, the maia technical universtyy in Switzerland's argent city. They have beenscaling the techaologx for dinect catbon removal, wherein machines vacuum greenhouse gasses out of the air. Over the last cocple of years, Microsaft 7, Stripe and Shopify a have all bought future carbon removal services from Climeworks in a bid to belp kick-start the nascent industry. Now Climeworks is actually removing the carbon dioxide and putting it underground in a process that has been certified by DNY, an independent auditor. The cost of carbon dioxide removal and storage for these corporate clients is confidential and depends on what quantity of carbon dioxide the companies want to have removed and over What period of time. But the general price for catbon removal runs to several handred dollars per ton. In dividuals can alsopay to Climeworks to remove carbon dioxide to offiset their personal emissions. In addition to getting corporate clients to pay for future renovals, Climeworks has raised more than $780 million to scale up from a wide variety of investorsinduding venture capitalist loha Doerr and insarance company Sxiss Re. Climeworks' largest carbon dioxide removal facility is located in Taxpayers Iceland, where it partnets with CarbEix, which stores the gas anderground. CarbFix dissolves carbon dioxide in water then intermingles that mixcure with busalt rock formations, Natural prosesses convert the material to solid carbonate minerals in about two years. In June, Climeworks announced it had begun censtruction of its second commercial-sized plant in lceland that will capture and store 36,000 metric tons per year of carbon dioxide. Even when complete, that will amoant to a tiny pereentage of the total global emissions of carbon dioxide released into the air each year in 2021 , they hit a reeard high of 36.3 bilkoa metrictous. according to the International Finergy Agency