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
Global call for transformative solutions to tackle the climate emergency

EIT Climate-KIC launches Climathon Global Awards and Healthy, Clean...

Global call for transformative solutions to tackle the climate emergency
In The News
EIT Climate-KIC innovators celebrated at 2019 EIT Awards

The European Institute of Innovation and Technology (EIT) has...

EIT Climate-KIC innovators celebrated at 2019 EIT Awards
Opinion
Part three: Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Part three: Climate action #NotinNewYork
In Detail
New EIT Climate-KIC supported report finds digital technologies can vastly a...

As part of the UN Climate Action Summit, the Global Enabling Sustainability Initiative (GeSI) and Deloitte launched a report today, supported by EIT Climate-KIC,...

New EIT Climate-KIC supported report finds digital technologies can vastly accelerate the SDGs
Opinion
Part two: Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Part two: Climate action #NotinNewYork
Opinion
Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Climate action #NotinNewYork
In The News
Circular Cars Initiative launched at United Nations Climate Action Summit

On the occasion of the United Nations Climate Action...

Circular Cars Initiative launched at United Nations Climate Action Summit
In The News
We’re closing for business in solidarity with #ClimateStrike

EIT Climate-KIC will close this Friday 20 September, the...

We’re closing for business in solidarity with #ClimateStrike
In The News
Open Innovation Call targeting air quality and urban heat island effect launch...

The City of Copenhagen’s department Resilient and Sustainable City Solutions within...

Open Innovation Call targeting air quality and urban heat island effect launched
In The News
EIT Climate-KIC cleantech start-up ZOLAR attracts 10 Million Euro Investment

The Berlin-based start-up Zolar raises a 10 million EUR...

EIT Climate-KIC cleantech start-up ZOLAR attracts 10 Million Euro Investment
In The News
Breaking down barriers to climate-finance: the City Finance Lab launches secon...

Competition for the five most innovative financing solutions for...

Breaking down barriers to climate-finance: the City Finance Lab launches second call for proposals
Opinion
Innovating in complexity: Systemic investing
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Innovating in complexity: Systemic investing
In The News
Climathon onboard ‘Sail to the COP’

On 2 October, 36 young climate change agents will...

Climathon onboard ‘Sail to the COP’
In The News
Research reveals surprising link between socio-economic indicators and sustain...

A new study by EIT Climate-KIC partner academic institutions...

Research reveals surprising link between socio-economic indicators and sustainability transition
Opinion
Transformation capital: A new investment logic for catalysing systems change
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Transformation capital: A new investment logic for catalysing systems change
Opinion
Innovating in complexity: From single-point solutions to directional systems innovation
Dominic Hofstetter TRANSFORMATION CAPITAL, EIT CLIMATE-KIC
Innovating in complexity: From single-point solutions to directional systems innovation
In The News
Four EIT Climate-KIC innovators nominated for annual EIT Awards

The European Institute of Innovation and Technology (EIT) has released...

Four EIT Climate-KIC innovators nominated for annual EIT Awards
In Detail
Report offers recommendations for development of agricultural impact tool

A new report supported by EIT Climate-KIC’s CSA Booster programme proposes technical, governance and business arrangements for the development of a new tool for...

Report offers recommendations for development of agricultural impact tool
In Detail
Food value chains strategy report offers recommendations based on systemic i...

A new report details the work of EIT Climate-KIC and its partner Metabolic, a consulting company using systems thinking to tackle major sustainability challenges,...

Food value chains strategy report offers recommendations based on systemic impact
In The News
EIT Climate-KIC supports digital roadmap for a circular economy

EIT Climate-KIC, along with several European stakeholders, is advocating...

EIT Climate-KIC supports digital roadmap for a circular economy
In The News
EIT Climate-KIC urges London to lead in turning climate emergency into action

Climate innovation agency EIT Climate-KIC welcomed today the first...

EIT Climate-KIC urges London to lead in turning climate emergency into action
Opinion
London Climate Action Week: Climate Innovation Insights
London Climate Action Week: Climate Innovation Insights
Opinion
How can we deliver a net-zero emissions UK?
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
How can we deliver a net-zero emissions UK?
Opinion
Can we identify the tipping points for transformative climate action?
Susannah Fisher Strategic Research Lead, EIT Climate-KIC
Can we identify the tipping points for transformative climate action?
In The News
Study launched on decarbonising Europe’s heavy industries by 2050

Industry representatives, regional experts, academics and EU officials held...

Study launched on decarbonising Europe’s heavy industries by 2050
In our community
Interview with Yvon Slingenberg of DG Climate Action, European Commission
Interview with Yvon Slingenberg of DG Climate Action, European Commission
In Detail
Evaluating the benefits of improved cooking solutions: impact data in high r...

Gold Standard today released a research study by Vivid Economics that estimates the economic value of Gold Standard-certified project benefits related to climate, health,...

Evaluating the benefits of improved cooking solutions: impact data in high resolution
In The News
New EIT Climate-KIC supported report proposes basis for a future EU taxonomy i...

The European Commission has welcomed the publication of the...

New EIT Climate-KIC supported report proposes basis for a future EU taxonomy in legislation
In The News
WCEF 2019: The challenges and potentials of circular procurement in cities

Increasing population growth and urbanisation intensifies the pressure on...

WCEF 2019: The challenges and potentials of circular procurement in cities
In The News
First round of 15 winners of Reinventing Cities competition announced

C40 Cities and EIT Climate-KIC have announced 15 winners...

First round of 15 winners of Reinventing Cities competition announced