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16 COMMUNICATING THE VALUE OF CO2 RESULTS AND DISCUSSION Respondents overwhelmingly (70%) identified policy as the key dimension to address in order to unlock innovation and commercialization in the sector, and that governments and policymakers were the most critical audiences needing to be engaged. The recent passage of the 45Q tax credit in the United States continues to be a significant headline in the sector, and has stimulated significant new interest and discussion, but its long-term impact on this space has yet to be seen. • Some respondents expressed the position that carbon taxes and subsidies can be helpful policy levers while others remain sceptical of subsidies, viewing them as artificial and a hindrance in the long term. • Entrepreneurs clearly felt that access to capital was a barrier to innovation and commercialization, with 53% of them ranking it as a necessary dimension to address. • Other audiences deemed critical to engage were investors (by 34% of respondents), corporations (24%), and consumers and the general public (25%). This space has the potential to revolutionize the economy, create jobs, spur innovation, and enable us to create sustainable supply chains and products.PDF Image | Xprize Carbon Communicating Value CO2
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