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.
Global CO2emissions continue to accelerate, currently averaging 35.9 gigatons per year, the mass equivalent of 1.1 billion garbage trucks. This phenomena is increasingly recognized by citizens, businesses and governments as an urgent issue.
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 key areas of action: Decarbonization, Adaptation, Capture & Storage and Capture & Use. The Global CO2 Initiative is focused on this fourth area which, to date, has been unaddressed in any comprehensive manner. Our guiding philosophy is to harness market demand for products that capture and reuse CO2 in order to catalyze substantial economically-driven change.
Through its innovative research and development platform, CO2 Sciences Inc., the Global CO2 Initiative will fund the best scientific minds to solve CO2 capture and transformation challenges. The Initiative will solicit proposals from all over the world and select the most promising to fund. It will then work with these “inventors” to advance their technologies to commercial scale, understanding that energy costs will be an important influence on profitability.
Separately, the Global CO2 Initiative will fund companies to accelerate market uptake of these world-changing technologies by using all possible investment vehicles including investment funds, joint ventures and specific deal funding.
We’ve been studying ways to reuse CO2 and measuring the size of those product markets. The good news: it’s huge. Our current estimate puts it at $800 billion — 1.1 trillion annually, achievable by 2030. Supporting and accelerating the variety and scale of CO2-based products turns a liability into an asset.
From fuels to materials, chemicals, plastics, agriculture and food, we are exploring the many possible uses of captured CO2. And we’ve organized them into seven high-level application buckets, with more than 25 sub-categories.
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, Inc., our innovative research and development platform, is structured to aggressively catalyze funding in carbon capture and use by granting up to $100 million per year for 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, Inc., 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.
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, andJeremy 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 — TheGlobal CO2 Initiative is partnering with theMinistry 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. TheCO2 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.
By Dr. Issam Dairanieh, CEO, CO2 Sciences, Inc.
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, Inc., 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.
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.
If you would like to get in touch, please email us at and provide information about your organization and your vision for how we might work together.
We look forward to hearing from you.
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