Note: This article was carried over from CO2 Sciences as a result of our merger.
The idea of capturing carbon emissions has long been touted as key to tackling runaway climate change, but the high cost of developing facilities has meant its rollout has been far slower than hoped.
Note: This article was carried over from CO2 Sciences as a result of our merger.
Finding ways to convert carbon dioxide from an energy and industrial sector waste product to a useful commodity could spur the development of new technologies, products, and industries while limiting emissions to the atmosphere of climate-altering pollutants. In 2016, U.S. policymakers demonstrated leadership in this area by introducing several bills that would provide commercial deployment incentives for carbon capture use and storage (CCUS) technology.[i]
Note: This article was carried over from CO2 Sciences as a result of our merger.
Report Outlines Trillion Dollar Market Opportunity
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.
Note: This article was carried over from CO2 Sciences as a result of our merger.
Tim Stiles, Global Chair of KPMG’s IDAS Practice, mentioned The Global CO2Initiative 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.”
Note: This article was carried over from CO2 Sciences as a result of our merger.
Addressing climate change will require tremendous investment in low- and zero-carbon energy technologies. Estimates are as high as $1 trillion per year (PDF) through 2030.
Some of that investment must be in carbon capture technology, which can reduce emissions from both the power and industrial sectors. Carbon capture could provide 13 percent of global emissions reductions through 2050.
Note: This article was carried over from CO2 Sciences as a result of our merger.
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.
