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Putting CO2 to Use: Creating Value from Emissions Highlights Highlights • New pathways to use CO2 in the production of fuels, chemicals and building materials are generating global interest. This interest is reflected in increasing support from governments, industry and investors, with global private funding for CO2 use start-ups reaching nearly USD 1 billion over the last decade. • The market for CO2 use will likely remain relatively small in the short term, but early opportunities can be cultivated. The use of CO2 in building materials is one such opportunity, but may require further trials and updating of standards for some products. Public procurement of low-carbon products could help to create early markets for CO2-derived products with verifiable climate benefits. • CO2 use has potential to support climate goals, but robust life-cycle assessment is essential. CO2 use applications can deliver climate benefits where the application is scalable, uses low- carbon energy and displaces a product with higher life-cycle emissions. Quantification of these benefits can be challenging and improved methodologies are needed to inform future policy and investment decisions. • CO2 could be an important raw material for products that require carbon. Some chemicals require carbon to provide their structure and properties while carbon-based fuels may continue to be needed where direct use of electricity or hydrogen is challenging (for example, in aviation). In the transition to a net-zero CO2 emission economy, the CO2 would increasingly have to be sourced from biomass or the air. PAGE | 2 IEA. All rights reserved.PDF Image | Putting CO2 to Use Creating value from emissions
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