New Carbon Economy Consortium
What if we could turn a pollutant—CO2 in the atmosphere—into a valuable resource that can fuel our economy?
A new carbon economy is urgently needed to develop new businesses and reinvent the industries that powered the last industrial revolution—like manufacturing, mining, agriculture, and forestry—to create a strong, healthy and resilient economy and environment for communities around the globe.
Center for Carbon Removal, in partnership with Arizona State University and several other research institutions, is leading an audacious consortium with the goal of developing solutions that transform waste carbon dioxide in the air into valuable products and services.
The aim is to radically transform how we think about climate change. It isn't just, "How do we stop putting carbon in the air?" Instead, New Carbon Economy Consortium (NCEC) is focused on cleaning up the excess carbon we have already put into the atmosphere. The question instead becomes, "How do we turn carbon pollution into all of the materials and fuels that drive our lives today?"
In addition to ASU, universities involved in the initiative include Iowa State and Purdue, both of which have strong agricultural, forestry, and economics programs as well as leading engineering, materials science, and environmental science programs. With extensive expertise in alternative energy, Lawrence Livermore National Laboratory is a partner in the venture as well.
Charting the Road ahead
The consortium is hard at work on a roadmap that outlines specific steps for translating relevant research into business and policy action. The document will consider design principles for engaging multiple parts of the economy in capturing and concentrating carbon dioxide, ranging from biological approaches like agriculture and forestry, to engineered approaches like fuel, chemical, and material manufacturing using carbon dioxide as a feedstock.