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Xprize Carbon Communicating Value CO2

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Xprize Carbon Communicating Value CO2 ( xprize-carbon-communicating-value-co2 )

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COMMUNICATING THE VALUE OF CO2 15 UNLOCKING INNOVATION AND COMMERCIALIZATION It is a promising sign that this sector has moved firmly beyond a question of technical viability to a discussion around economic viability. There are many promising technologies in this space, but few that are commercial. We estimate that the entire sector has garnered a total investment of less than $250 million to date, despite the estimated $1 trillion market opportunity. Even though more work is needed at the level of scientific and engineering innovation, many emerging technologies are ready to advance along the path toward commercialization. We asked survey participants how best to accelerate the pace of innovation and commercialization in the sector (Figure 12), and to identify the audiences that are most important to engage (Figure 13). KEY TAKEAWAYS • Respondents overwhelmingly said that policy was the key dimension to address in order to unlock more innovation and commercialization in the sector, and that governments and policymakers were the most critical audiences needing to be engaged. • Entrepreneurs ranked capital as a key priority.

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