Global CO2 Initiative, Japanese Government Partner to Create Roadmap for CO2 Utilization Technologies

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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.

The roadmap is being developed as part of the ICEF Innovation Roadmap Project and will be released for comment at the Innovation for Cool Earth Forum (ICEF) hosted by METI and NEDO in Tokyo, Japan on October 5-6, 2016. The final report will be delivered at the 22nd Conference of Parties to the UN Framework Convention on Climate Change in Morocco in November 2016.

“This new partnership is an important step toward identifying and bringing the best carbon dioxide utilization technologies to market,” said Issam Dairanieh, CEO of CO2 Sciences, Inc., the research and development arm of the Global CO2 Initiative. “METI and NEDO are leaders in identifying new technologies that help solve environmental challenges while being brought to commercial scale. We are thrilled to join them in charting the way forward for market-based carbon dioxide utilization technology.”

“We are glad to be partnering with the Global CO2 Initiative in this important work,” said Hiroyuki Hatada, Chief Representative of NEDO’s Washington, D.C. Office. “Together, we will identify ways for industries to not only play a role a role in reducing CO2 emissions but also to enhance their businesses.”

“I look forward to working with the Global CO2 Initiative to develop this important roadmap,” said David Sandalow, Inaugural Fellow at the Center on Global Energy Policy at Columbia University, who serves as Chair of the ICEF Innovation Roadmap Project. “The ICEF Innovation Roadmap Project welcomes the chance to contribute to work on carbon dioxide utilization and help fill a gap in the global R&D agenda for clean energy technologies.”

About The Global CO2 Initiative:

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, its innovative research and development platform, is structured to aggressively catalyze funding in carbon capture and use by granting up to $400 million over 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 use different financial vehicles to invest in companies, enabling them to grow market demand for CO2 based products. For more information, visit www.globalco2initiative.org and follow the Global CO2 Initiative on Twitter: @reuseCO2