In many ways, CO2 is the perfect feedstock: It’s in plentiful supply, eminently renewable and free. Moreover, capturing CO2 and transforming it into products could contribute to limiting carbon emissions and make a dent in tackling climate change. While various carbon capture and conversion technologies exist, economic viability has been a tremendous hurdle. The Global CO2 Initiative, which was launched at the World Economic Forum in Davos, Switzerland, on January 2016, has the ambitious goal of capturing 10 % of global CO2 emissions and transforming them into valuable products via a market-based approach. One of the initial market segments that the project will focus on is plastics, a “low-hanging fruit,” in the words of Chairman Bernard David.
The founder of the Global CO2 Initiative, David describes himself as a serial entrepreneur. He has built several businesses, including officesupplies.com, which he sold to Office Depot. He has turned his attention to sustainability over the past 16 years.
Release Date: 06/07/2016
About Davos:
Davos archaic Italian: Tavate, local German pronunciation [daˈfoːs], German pronunciation is a municipality in the district of Prättigau/Davos in the canton of Graubünden, Switzerland. It has a permanent population of 11,136 (2014). Davos is located on the river Landwasser, in the Rhaetian Alps, between the Plessur and Albula Range. At 1,560 m (5,120 ft), it is the highest “town” in Europe.
Davos is host to the World Economic Forum (WEF), an annual meeting of global political and business elites (often referred to simply as Davos) and the home of one of Switzerland’s biggest ski resorts. At the end of every year it serves as the site of the annual Spengler Cup ice hockey tournament, hosted by the HC Davos local hockey team.
