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be used for fertilizer or as feedstock for fuels and other chemicals.4 • The European Commission published a report5 in 2018 that concluded, among other things, that, 1) carbon utilization may play a role to reduce the role of fossil fuels in the economy and provide help reaching climate change mitigation targets, and 2) uptake of carbon utilization will depend on a favorable legislative and investment environment. • The XPRIZE Foundation is holding a competition with $20 million in total prize money, funded by utility company NRG and Canada’s Oil Sands Innovation Alliance (COSIA), in which teams from multiple countries are testing and demonstrating breakthrough technologies that will convert CO2 emissions into valuable products like building materials, fuels and other items. Teams will be scored based on how much CO2 they convert and the net value of their products.6 • In 2016, the Global CO2 Initiative released A Roadmap for the Global Implementation of Carbon Utilization Technologies,7 which estimated the potential market size and emissions reduction associated with the “Carbon Based Products Industry” (CBPI)—essentially non-geologic carbon utilization. CARBON UTILIZATION—A VITAL AND EFFECTIVE PATHWAY FOR DECARBONIZATION 3PDF Image | Carbon Utilization
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