For decades, governments and the private sector have examined ways to capture CO2 and store it underground. These investments in research and development have led to significant improvements in carbon capture and sequestration (CCS) technologies, with several carbon capture solutions already being deployed today.
But what if instead of treating CO2 as waste, we turned that CO2 into something we can use? The winning team will convert the most CO2 emissions into the highest value products. To be competitive, teams will have to make the business case for their approach as well as minimize their use of energy, water, land, and other inputs that have consequences for the environment.
Registration for the XPrize closes in March, and the first round of project submissions will be due in June. The grand prize will be announced in March 2020.
Read more here:
- INTRODUCING THE $20M NRG COSIA CARBON XPRIZE, Paul Bunje on September 29, 2015
- “Energy Industries Invest in Contest to Recycle Emissions” Climate Central, Bobby Magill Oct 15 2015