Researchers at the Global CO2 Initiative have access to a global network of research institutions through the LCA/ TEA toolkit, which will identify and evaluate viable CO2 removal and utilization technologies. More info on the LCA/ TEA toolkit can be found here.
Research at the Global CO2 Initiative will support the development of captured carbon product technologies — both technological and biological — from early stage R&D through the stages of demonstration and early commercial deployment. Following early stage development, the Global CO2 Initiative will apply R&D funding to stimulate further research and build capacity for identified technology areas.
MARKET + TECHNOLOGISTS
The University Of Michigan has a long and successful history of executing large-scale initiatives with external partners from industry and academic institutions. From robotics to autonomous vehicles, the University Of Michigan has proven it can drive coalitions of like-minded entities on a common mission.
The Global CO2 Initiative will cultivate existing and potential industry and research partners to further collaborate and expand R&D and deployment opportunities for carbon dioxide removal and utilization technologies.
The Global CO2 Initiative policy focus includes coupling renewable, intermittent energy sources with CO2 removal and utilization technologies. By identifying and understanding the adoption of carbon management, CO2 removal, and CO2 based products, the Global CO2 Initiative aims to pursue commercially sustainable approaches that will reduce atmospheric CO2 levels by 10% per year.
Global Roadmap for Implementing CO2 Utilization
In 2016, CO2 Sciences presented the Global Roadmap for implementing CO2 utilization. This study laid out the economic and environmental prospects for the use of CO2 and presented a roadmap for the commercialization potential of carbon dioxide utilization (CO2U) technologies through 2030. The entire document is posted here for download.See More
A significant reduction of carbon emissions is crucial to avoiding enormous economic and environmental damages. Renewable power generation and other low- and zero-carbon technologies are an important part of the solution. Carbon negative technologies (those that reduce atmospheric CO2 concentrations) are also needed to achieve the agreed global goal of keeping temperature increases well below a 2 C increase over pre-industrial levels. CO2U technologies can play an important role, but have not yet received much attention nor have their potential been explored in a comprehensive fashion. A detailed market assessment study that was completed earlier in 2016 found that CO2U has the potential to reduce carbon emissions over 10% by 2030 and to create a $1T/year market. One goal of this work is to create greater awareness concerning the potential for developing and deploying profitable, emissions-negative CO2U technologies on a mass scale.
This study analyzes the 2016 state of CO2U technology, assessing almost 180 global technology developers on the basis of their technology feasibility, readiness, markets and momentum. Research revealed that significant progress in CO2U has been made from 2011-16, with many technologies shown to be scalable. Momentum is favorable for four major markets – building materials, chemical intermediates, fuels and polymers. Within those markets, the study further identifies eight product categories to pursue, based on the maturity of their technology, market promise, and potential impact on the mitigation of carbon emissions.
Funding and incentives are necessary for most of these products to accelerate development and achieve full-scale commercial roll out capability. The roadmap was developed with three dimensions in mind: policy, technology and market. Those three dimensions greatly impact the path and speed to commercialization. The results are presented by considering the business-as-usual case (status quo), which is also the worst case scenario. The best case represents likely outcomes if swift strategic actions are taken to remove barriers and mitigate risks. Strategic actions to accelerate CO2U commercialization best-case scenarios in the forecast would support and hasten commercialization of CO2U-derived products across the identified product categories. These optimal scenarios will be driven by the implementation of strategic actions recommended in this study.
Decisive and timely action can have a major impact on both the market size and potential to mitigate CO2 emissions for CO2-based products.
Download the Global Roadmap for implementing CO2 utilization.