“GCI has presented a balanced and timely analysis of the CCU space. They don’t frame it as a magical solutions to all of the climate crisis, but they also point out exactly where, when, and how these solutions can be deployed in today’s economy.”
Dr. Marcius Extavour, Chief Scientist & Executive Vice President Climate and Energy, Xprize
The Global CO₂ Initiative’s recent research, “Implementing CO₂ capture and utilization at scale and speed: The path to achieving its potential,” conducted in partnership with Lux Research, is now available for download!
Carbon capture and utilization (CCU) is needed to get to net-zero carbon emissions; it’s ready for deployment now. The Inflation Reduction Act signed by President Biden paves the way for $369 billion in clean-energy tax credits and funding for climate and energy programs. This was a monumental accomplishment that will also support critically needed carbon management. A new report from the Global CO2 Initiative finds that carbon capture and utilization can be a valuable tool in reducing atmospheric CO2. CCU produces useful goods from captured carbon. It can create revenues and jobs while complementing other carbon removal and mitigation options.
This research report helps clarify CCU trends and development, as well as points to the most effective and efficient ways in which to grow the CCU industry.
Key findings are:
- There are two main types of CCU: Track 1, or durable capture and stabilization, and Track 2, or temporary capture, which can contribute to a circular carbon economy displacing fossil carbon.
- The most recent growth in CCU is in early stage Track 2 technologies (fuels and chemicals).
- The four most climatologically significant CCU options are aggregates (Track 1), precast concrete (Track 1), jet fuels (Track 2), and methanol (Track 2).
- These four options are ready to go now; however several policy and financial actions and incentives are still required in order to implement them at scale.
- Integrated capture and utilization minimizes the need for infrastructure.
Download your copy of this timely and insightful new research report today!