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Putting CO2 to Use: Creating Value from Emissions Findings and recommendations continue to require carbon, either because it provides their structure and properties (carbon- containing chemicals) or because the use of carbon-free energy carriers, such as electricity or hydrogen, is challenging (for example, aviation fuels). CO2 is one of few alternatives to fossil fuel as a source of carbon. Simple classification of pathways for CO2 use IEA 2019. All rights reserved. CO2 can be used in a broad range of applications involving direct use of CO2 or use through conversion into other products. CO2 use can contribute to climate goals, but with caveats Using CO2 in products or services does not necessarily reduce emissions. Quantifying the potential climate benefits is complex and challenging, requiring a life cycle approach. The climate benefits associated with CO2 use primarily arise from displacing a product or service with one that has higher life-cycle CO2 emissions, such as fossil-based fuels, chemicals or conventional building materials. There are five key considerations in assessing the climate benefits of CO2 use: 1. the source of CO2 (from natural deposits, fossil fuels, biomass or the air) 2. the product or service the CO2-based product or service is displacing 3. how much and what form of energy is used to convert the CO2 4. how long the carbon is retained in the product 5. the scale of the opportunity for CO2 use. Figure 2. PAGE | 7 IEA. All rights reserved.PDF Image | Putting CO2 to Use Creating value from emissions
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