Note: This article was carried over from CO2 Sciences as a result of our merger.
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.