International effort launched to determine best CO2 capture & utilisation technologies

Economic and environmental guidelines will support new industries and climate solutions

€1.3 million has been secured to develop a tool for identifying the most promising carbon dioxide capture and utilisation technologies. The significant financial support, announced at a launch event today, comes from the Global CO2 Initiative at the University of Michigan and EIT Climate-KIC, Europe’s main climate innovation initiative.

Carbon dioxide capture and utilisation technologies aim to remove greenhouse gas from the atmosphere and turn them into useful, profitable products. Such technologies range from reforestation to direct air capture and further use of the captured biomass or carbon dioxide.

The tool, the Techno-Economic and Life Cycle Assessment (TEA/LCA) Guidelines for CO2 utilisation technologies, is one-of-a-kind in scope and designed to evaluate various approaches to this strategy to mitigate climate change.

The new project to develop the tool – ‘CO2nsistent’ – will run for three years, fund a team of researchers, and seek to deepen and broaden a first generation of guidelines that were established by the initial project partners in 2018. It will also continue to support current industries and researchers developing these new technologies and applications.

Volker Sick, Director of the Global CO2 Initiative at the University of Michigan said:

“We have an opportunity to accelerate the development and deployment of CO2 utilisation technologies. This requires well-informed decisions and for that we need to have harmonised, robust assessments to guide research, investment, and policymaking. We must know upfront, before deployment, that new technologies will be carbon negative and dollar positive.”

The joint announcement was made at a workshop that was organised and conducted in partnership with National Energy Technology Laboratory, National Renewable Energy Laboratory, and Volans. The workshop was attended by over 100 CO2 utilisation technology experts, industry representatives, policymakers, and members of the public. Participants set out to explore next-generation needs to inform future metrics, best practices, validation, and other steps toward building a harmonised global toolkit for measuring and reporting on carbon dioxide utilisation or removal.

Comprehensive, consistent, and transparent TEA/LCA assessments, integrated into the policy landscape, will accelerate funding decisions and promote sustainability-driven technology development. Currently, no standardised TEA and LCA methods have been adopted, so studies cannot easily be compared, risking sub-optimal decisions.

Sira Saccani, Director of Sustainable Production Systems at EIT Climate-KIC said:

“The ‘CO2nsistent’ project builds on research and innovations previously funded by EIT Climate-KIC. It reflects the need for making existing knowledge and methodologies broadly accessible beyond Europe. Enabling comparability and transparency of a diverse set of solutions at the global scale through factual information will be crucial for regulatory processes, public acceptance and to direct investments to applications with the highest climate change mitigation impact.”

As this nascent technology space continues to rapidly gain momentum among academia, industry and governments seeking solutions to reduce carbon emissions and create new circular business opportunities, these guidelines aim to harmonise approaches to measure further investments and commercialisation. Similar approaches are conducted across many technology sectors, including the early days of electric vehicle research and development and identifying the best battery technologies to advance and scale.

An anticipated end-user and industry supporter of the toolkit, Christoph Gürtler of Covestro, a world-leading manufacturer of high-tech polymer materials, said, “It is my belief that a timely analysis of potentially new processes e.g. on CO2 utilisation using an aligned and harmonised TEA/LCA approach is the key for making the most of given R&D resources – leveraging value and avoiding costly detours.”

The guideline documents the CO2nsistent project produces will be open access, as will a series of example studies. Stakeholders and practitioners will be involved throughout the project in a range of workshops and webinars.

To view the first series of guidelines and supporting partners, please click here.

 
Location
United States
Articles you may be interested in
In The News
New online magazine Branch explores the sustainability of the internet

This week saw the launch of Branch magazine, a...

New online magazine Branch explores the sustainability of the internet
In The News
Four EIT Climate-KIC innovators nominated for EIT Awards

Four EIT Climate-KIC innovators have been nominated to win...

Four EIT Climate-KIC innovators nominated for EIT Awards
In The News
EIT Climate-KIC selected to advise European Commission on sustainable finance

The newly created EU Platform on Sustainable Finance brings...

EIT Climate-KIC selected to advise European Commission on sustainable finance
In The News
bound4blue’s innovative wingsail technology gathers recognition across Europe

Cristina Aleixendri, Co-founder and COO of the Spanish start-up...

bound4blue’s innovative wingsail technology gathers recognition across Europe
In The News
EIT Climate-KIC and Glasgow City Region join forces, helping the region innova...

Home to one third of Scotland’s population and provider...

EIT Climate-KIC and Glasgow City Region join forces, helping the region innovate to become climate resilient
In The News
Cassetex from Bangladesh, Sosei from Uruguay and Carbon Craft Design from Indi...

More than 3,000 entrepreneurs from 56 countries participated in...

Cassetex from Bangladesh, Sosei from Uruguay and Carbon Craft Design from India win the seventh edition of ClimateLaunchpad
In The News
World’s biggest green business ideas competition now fully digital, free and...

The three-day Grand Global Final of the EIT Climate-KIC supported...

World’s biggest green business ideas competition now fully digital, free and accessible to all
In The News
Three cities building back better: Madrid, Milan and Amsterdam

EIT Climate-KIC will host a session at the 18th...

Three cities building back better: Madrid, Milan and Amsterdam
In The News
EIT Climate-KIC to work with Google on Impact Challenge

EIT Climate-KIC is delighted to announce that it will...

EIT Climate-KIC to work with Google on Impact Challenge
In The News
What role can finance play in the green recovery? EIT Climate-KIC and UNEP Fin...

EIT Climate-KIC, in partnership with the UNEP Finance Initiative,...

What role can finance play in the green recovery? EIT Climate-KIC and UNEP Finance Initiative ask leading thinkers to weigh in
In The News
EIT Climate-KIC supports European green recovery with €4 million for start-u...

EIT Climate-KIC is investing €4 million in nine climate...

EIT Climate-KIC supports European green recovery with €4 million for start-ups affected by COVID-19
In The News
The City Finance Lab calls on urban leaders to help build back better

Organised by sustainability expert South Pole, the competition for...

The City Finance Lab calls on urban leaders to help build back better
In The News
EIT Climate-KIC supported cities – Leuven, Milan, Valencia and Vienna no...

Twelve cities are in the final stage of the...

EIT Climate-KIC supported cities – Leuven, Milan, Valencia and Vienna nominated as European Capital of Innovation 2020
In The News
The climate emergency demands bold policy innovations – can cities d...

While the challenges of climate change and a global...

The climate emergency demands bold policy innovations – can cities deliver? 
In The News
EIT Climate-KIC joins circular economy side event at UN High Level Political F...

“Bold leaders are needed to drive a collaborative approach...

EIT Climate-KIC joins circular economy side event at UN High Level Political Forum on Sustainable Development
In The News
EIT Climate-KIC and Silesian Metropolis join forces to transform Europe’s la...

EIT Climate-KIC and the Metropolitan Association of Upper Silesia...

EIT Climate-KIC and Silesian Metropolis join forces to transform Europe’s largest coal region in the face of the climate crisis
In The News
Anders Wijkman represents EIT Climate-KIC at the International Society for the...

Speaking online at the inaugural Conference of IS4CE—the International...

Anders Wijkman represents EIT Climate-KIC at the International Society for the Circular Economy Conference
In The News
EIT Climate-KIC receives €8.4 million for innovation projects that stimulate...

Eleven climate innovation projects across Europe tackling COVID-19 related...

EIT Climate-KIC receives €8.4 million for innovation projects that stimulate job creation and support a post COVID-19 green recovery
In The News
CEO Kirsten Dunlop represents EIT Climate-KIC at Climate Policy Forum

On 25 June, EIT Climate-KIC attended the Climate Policy...

CEO Kirsten Dunlop represents EIT Climate-KIC at Climate Policy Forum
In The News
EIT Climate-KIC supported LOOP-Ports project wins prestigious sustainability a...

The LOOP-Ports project, led by the Fundación Valenciaport  and funded by EIT Climate-KIC,...

EIT Climate-KIC supported LOOP-Ports project wins prestigious sustainability award
In The News
EIT Climate KIC joins roundtable as Republic of Korea moves Green Deal forward

On 24 June, EIT Climate-KIC attended the 7th Green...

EIT Climate KIC joins roundtable as Republic of Korea moves Green Deal forward
In The News
EIT Climate-KIC shines at the GLF Bonn Digital Conference, the year’s la...

EIT Climate-KIC’s Director of Sustainable Land Use and member...

EIT Climate-KIC shines at the GLF Bonn Digital Conference, the year’s largest global digital conference on the environment
In The News
EIT Climate-KIC supported Climeworks raises over €67 million to expand its c...

Climeworks, the world leader in capturing CO2 from air,...

EIT Climate-KIC supported Climeworks raises over €67 million to expand its carbon dioxide removal capacities
In The News
EIT Climate-KIC supported Zeleros raises €7 million for the development of h...

EIT Climate-KIC supported Zeleros Hyperloop has completed a financing...

EIT Climate-KIC supported Zeleros raises €7 million for the development of hyperloop in Europe
In The News
EIT Climate-KIC is restructuring to deliver systems transformation for climate...

EIT Climate-KIC is restructuring to provide “systems transformation as...

EIT Climate-KIC is restructuring to deliver systems transformation for climate change