The New Carbon Economy Consortium
What if we could turn a pollutant—carbon dioxide in the atmosphere—into a valuable fuel for 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.
Along with Arizona State University and several other research institutions, Center for Carbon Removal is leading an audacious consortium with the goal of developing solutions that transform 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, the New Carbon Economy Consortium (NCEC) is focused on cleaning up the carbon already released 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?"
Besides ASU, partner universities 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.
Business Task Force: the New Carbon Economy Consortium will convene a group of corporate leaders to help shape the research agenda and translate research into business action. More information is available here.