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Global Roadmap for Implementing CO2 Utilization

dc.contributor.authorInitiative, Global CO2
dc.description.abstractCO2U’s potential: Profitable markets and mitigated CO2 emissions At full scale, 5 CO2U products (see below) could create a market over US $800 billion by 2030. CO2U has the potential of utilizing 7 billion metric tons of CO2 per year by 2030 – the equivalent of approximately 15 percent of current annual global CO2 emissions. CO2U can create new business opportunity and simultaneously contribute to CO2 reduction. Both conclusions are consistent with an earlier market study that the GCI commissioned concluding that CO2U can remove over 10% of the emitted CO2 and represents an annual market opportunity of $0.8-1.1 Trillion. Roadmap to 2030: Market size and mitigation impact Market size and CO2 reduction potential can be significantly impacted by taking action now. Below are examples from five markets. For example, the market for CO2-based fuels can be quadrupled by 2025 (from $50b to $200b), increasing the CO2 reduction by 15 fold (from 0.03b tons to 0.5b tons). Similarly, decisive and timely action can have a major impact on both the market size and potential to mitigate CO2 emissions for other CO2-based products.en_US
dc.description.sponsorshipWe are deeply grateful to the Ministry of Economy, Trade and Industry (METI) and New Energy and Industrial Technology Development Organization (NEDO), Japan, for launching and supporting the ICEF Roadmap Project of which this is a part. NEDO commissioned CO2 Sciences to conduct this roadmap on CO2 Utilization. We acknowledge, with great appreciation, the support from The Lemelson Foundation and the RK Mellon Family Foundation for this work.en_US
dc.publisherGlobal CO2 Initiativeen_US
dc.subjectcarbon capture and utilization, economic opportunity, LCA/TEA, climate change mitigationen_US
dc.titleGlobal Roadmap for Implementing CO2 Utilizationen_US
dc.typeTechnical Reporten_US
dc.contributor.affiliationumMechanical Engineeringen_US
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.filedescriptionDescription of CO2U_Roadmap_FINAL_2016_12_07(GCI).pdf : Global Roadmap for Implementing CO2 Utilization; a report by the Global CO2 Initiative (2016)
dc.owningcollnameGlobal CO2 Initiative

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