The Global CO2 Initiative is taking on the grand challenge of the planet by developing innovative approaches to transform CO2 into commercial products with sustained climatological benefits.
Our goal: capture 10% of annual global CO2 emissions and transform them into valuable products.
Climate change is one of the most complex challenges of our time. Left unaddressed, it will continue to cross geographic, social, and financial barriers – altering ecosystems and fundamentally changing life as we know it.
Global CO2 emissions continue to accelerate, currently averaging 35.9 gigatons per year - the mass equivalent of 1.2 billion garbage trucks. The global community is beginning to understand the seriousness of this situation, and it is clear we must take decisive action.
At an all-time high, the concentration of atmospheric CO2 creates a generational problem as CO2 persists in the atmosphere for hundreds of years. If left unchecked, ever-increasing CO2 emissions will result in a global temperature increase of 4 to 6 degrees celsius by 2030, with adverse consequences.
Addressing the rise in global CO2 involves four approaches: adapting to the impacts of climate change, decarbonizing by increasing energy efficiency and clean energy production, carbon capture and storage, and carbon capture and use.
The Global CO2 Initiative is focused on carbon capture and use, an innovative approach that will transform CO2 into useful products. Carbon capture and use will reduce CO2 concentrations in the atmosphere while creating a new market for CO2 based products.
The Global CO2 Initiative funds the development and commercialization of technologies to create CO2 based products. To accomplish this, the Global CO2 Initiative is composed of two platforms.
CO2 Sciences is the Global CO2 Initiative’s nonprofit platform that funds research and development in carbon capture and utilization. Using philanthropic contributions, our team identifies technologies and uses a robust assessment toolkit to vet and fund the most promising research.
The Global CO2 Initiative’s for-profit platform makes investments in companies that are using CO2 to make products for commercial and consumer markets. Such investments accelerate the widespread adoption of CO2 based products for broad climate benefit. Using this platform, we make impactful investments that have a meaningful climate benefit and yield financial returns.
We’ve been studying ways to reuse CO2 and measuring the size of the market for CO2 based products. The good news: it’s huge. Carbon capture and use can reduce global CO2 emissions by 10% by 2030 and stimulate a $1 trillion annual market for at least 25 CO2 based products. By catalyzing carbon capture and use, our goal is to transform a liability into an asset with long-term benefit to our climate.
From fuels to materials, chemicals, plastics, agriculture and food, captured CO2 can be used to make at least 25 products.
The Global CO2 Initiative was created to realize the ambitious goal of capturing 10% of global CO2 emissions and transforming them into valuable products. CO2 Sciences, our innovative research and development platform, is structured to aggressively catalyze funding in carbon capture and use by granting up to $400 million over the next ten years to many qualified research applicants throughout the world.
In parallel, the Global CO2 Initiative will accelerate the commercialization of CO2 based products and services. It will partner with investment funds, joint ventures and corporations to invest in companies to enable them to grow market demand for CO2 based products.
CO2 Sciences is the Global CO2 Initiative’s research and development platform designed to aggressively catalyze innovative research in carbon capture and reuse.
In order to achieve these ambitious goals, we have brought together a multidisciplinary group of the world’s leading scientists and business leaders.
Fatima Ahmad from the Energy Collective references the Global CO2 Initiative as she explores the technical, market and policy challenges of CO2 Utilization, as well as its role in meeting mid-century climate goals.
John de Yonge, Insights Director with EYQ, an Ernst & Young think tank, has a conversation with Dr. Issam Dairanieh about carbon capture and utilization (CCU) technology development.
Tim Stiles, Global Chair of KPMG's IDAS Practice, mentioned The Global CO2 Initiative during a panel discussion titled "Critical Support for Innovative Finance" at the FT Investing for Good conference in early December. In his comments, he states that "...the market for carbon use in 15 years could be over $1 trillion, which would reduce CO2 output by 12-15%. Now that’s very intriguing, because suddenly you’re addressing this problem and providing a commercial return."
View the entire panel discussion here. The section on The Global CO2 Initiative is at ~17:00.
Marrakech, Morocco – Today the Global CO2 Initiative announced major findings and recommendations from its Roadmap for the Global Implementation of Carbon Dioxide Utilization Technologies at the ICEF2016 Roadmap Launch Event at COP22 in Morocco. The Roadmap offers a market assessment and recommendations for the carbon-based products industry (CBPI). The report shows that through broad scale commercialization of products derived from CO2 there are sizable market opportunities while mitigating CO2 emissions.
How do you reduce CO2 emissions? The Global CO2 Initiative is pushing a unique approach: turn them into useful products, then sell them.
Based in San Francisco, the company has the ambitious aim to capture 10% of global CO2 emissions through carbon capture and usage. While this method is still in its infancy, the initiative aims to commercialise new ideas quickly by granting up to $100m a year for 10 years to researchers developing viable new products. Its global advisory board includes Steven Chu, the former US secretary of energy, and Jeremy Oppenheim, programme chair of the New Climate Economy project.
TOKYO | SAN FRANCISCO — Today the Global CO2 Initiative released key findings on the state of carbon dioxide utilization (CO2U) technologies at the 3rd Innovation for Cool Earth Forum (ICEF) in Tokyo, Japan. The findings are set forth in a draft roadmap prepared as part of the ICEF Innovation Roadmap Project with support from Japan's Ministry of Economy, Trade and Industry and New Energy and Industrial Technology Development Organization.
SAN FRANCISCO — The Global CO2 Initiative is partnering with the Ministry of Economy, Trade and Industry (METI) and New Energy and Industrial Technology Development Organization (NEDO) of the Government of Japan to develop a first of its kind roadmap for global implementation of carbon dioxide utilization technologies. The CO2 Utilization Roadmap will survey a number of existing technologies that convert CO2 to products, as well as identify future market opportunities and barriers to further development. The Roadmap will outline steps that need to be taken to roll out carbon dioxide utilization technologies based on several variables such as competitiveness, readiness and policy implications.
Conventional wisdom favors strategies like decarbonization and adapting to the impacts of rising temperatures. While these tactics are part of a necessary response, CO2 Sciences believes carbon capture for reuse to be the complimentary market-driven approach we need to keep temperature increases under 2 degrees Celsius.
SAN FRANCISCO — Dr. Issam Dairanieh, the former head of the corporate venture capital at BP, will lead an ambitious new initiative focused on converting carbon emissions into valuable commercial products, the CO2 Sciences’ Board of Directors announced today.
DAVOS, SWITZERLAND — The Global CO2 Initiative was launched today during the annual meeting of the World Economic Forum. The Initiative, and its research funding arm CO2 Sciences, will catalyze innovative research in carbon capture and utilization (CCU). It will also accelerate commercialization of CCU products. Preliminary estimates put the annual market for CCU products at $800 billion - $1.1 trillion by 2030 with potential annual reduction of CO2 in the range of two to three gigatons.
The Chief Development Officer will serve as a critical member of the CO2 Sciences leadership team and will be responsible for securing funds to support the organization’s strategic growth and long-term success. The Chief Development Officer will develop and execute a strategic plan to secure transformational gifts from diverse constituencies, including individuals, foundations, and corporations. As the leader of the development department, the Chief Development Officer will be responsible for staff oversight and will scale the department to accommodate organizational growth and achieve ambitious fundraising objectives.
We are talking with leaders in science and business about supporting scientific research to enhance CO2 capture and transformation technologies, and expanding markets for products manufactured using CO2
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