New Carbon Economy Initiative
What if we could turn a pollutant - CO2 in the atmosphere - into a valuable resource that can fuel our economy?
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.
The Center for Carbon Removal, in partnership with Arizona State University and several other research institutions, is leading an audacious initiative 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, NCEI is focused on cleaning up the excess carbon we already put into the atmosphere. The question becomes "how do we and 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
To outline specific steps for translating relevant research into business and policy action, the partnership is hard at work on at a roadmap. The document will consider design principles for engaging multiple parts of the economy in capturing and concentrating carbon dioxide, ranging from biological approaches such as agriculture and forestry, to engineered approaches such as fuel, chemical and material manufacturing using carbon dioxide as a feedstock.