The Techno-Economic and Life Cycle Assessment (TEA/LCA) Guidelines tool for CO² utilization technologies, is designed to evaluate approaches used to mitigate climate change. The tool will identify promising carbon dioxide utilization technologies and be expanded and advanced through a $1.5 million USD project funded by the Global CO² Initiative at the University of Michigan (GCI-UM) and Climate-KIC, the European Institute of Innovation and Technology’s Climate Knowledge & Innovation Community.
The new project, ‘CO2nsistent’, will run for three years, fund a new team of researchers and aim to broaden the first generation of guidelines established in 2018. It will also support current industries and researchers developing new technologies and applications.
“We have an opportunity to accelerate the development and deployment of CO² utilization technologies. This requires well-informed decisions and for that we need to have harmonized, robust assessments to guide research, investment, and policy making. We must know upfront, before deployment, that new technologies will be carbon negative and dollar positive,” stated Volker Sick, Director of the Global CO² Initiative at the University of Michigan in a press release.
The joint announcement was made at a workshop, organized and conducted in partnership with National Energy Technology Laboratory, National Renewable Energy Laboratory, and Volans.
“The ‘CO2nsistent’ project builds on research and innovations previously funded by EIT Climate-KIC. It reflects the need for making existing knowledge and methodologies broadly accessible beyond Europe. Enabling comparability and transparency of a diverse set of solutions at the global scale through factual information will be crucial for regulatory processes, public acceptance and to direct investments to applications with the highest climate change mitigation impact,” said Climate-KIC’s Sira Saccani, Director of Sustainable Production Systems.
The guideline documents the ‘CO2nsistent’ project produces will be open access, as well as a series of example studies.
Image Courtesy of Global CO2 Initiative.