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.
About The Global CO2 Initiative:
The Global CO2 Initiative (GCI) was created to develop and commercialize the trillion dollar CO2 products industry. These products use recycled CO2 as a key ingredient; examples include cement, aggregates, chemicals, polymers and carbon fiber. The Initiative coordinates with international partners focused on a common mission to deploy and scale CO2 products across multiple sectors.
CO2 Sciences, the non-profit arm of the GCI, will award R&D funding to qualified research applicants creating innovative technologies. The GCI commercialization arm will work in parallel to accelerate the market for CO2 products by investing in commercial-stage companies. For more information, visit www.globalco2initiative.org and follow the Global CO2 Initiative on Twitter: @reuseCO2