Graciela Chichilnisky gives keynote speech at World Future Energy Summit in Abu Dhabi
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Abu Dhabi World Future Energy Summit is the ground-breaking global forum that unites thought leaders, policy makers and investors to address the challenges of renewable energy and sustainable development. With the global population set to reach nine billion by 2050, It promotes collaborative thinking and development to accelerate the solutions needed to support rapid economic and population growth. An Abu Dhabi government initiative, it is the largest gathering on sustainability in the Middle East and a significant forum for stimulating international dialogue and action.
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Graciela Chichilnisky gives keynote speech at World Future Energy Summit in Abu Dhabi
- 2. According to the UN IPCC Fifth Assessment Report & the 2015 Paris Agreement, Carbon Negative Technology™ is now the only way to avert catastrophic climate change: Direct Air Capture of Carbon Dioxide (CO2)
- 3. THE CLIMATE CHALLENGE Atmospheric CO2 levels rising.. GT Answers This Critical Challenge by Profitably Capturing Atmospheric CO2 for Productive Industrial Use – Creating Abundant, Reliable, Low Cost Supply Wherever Needed o Atmospheric CO2 levels continue to rise o 20% increase in the last half century o Hit 400ppm in 2013, for the first time
- 4. ..Huge demand for CO2 unmet..1 ..Due to three critical issues Limited, Stranded Supply of CO2: Natural subterranean reserves are limited. Supply is depleting and geo-specific. Other sources are inadequate High Capture Costs: Competing carbon capture methods prohibitively expensive Difficult to Transport: CO2 is difficult to transport economically. Trucking and pipelines require significant capital investment for an inefficient process Industrial Markets: Over $1tn, including: Food & Beverages, Enhanced Oil Recovery, Refrigeration & Greenhouses, Carbonates, Concrete/Cement, Polymers, Graphene, Crop Improvement Oil & Gas: Enhanced Oil Recovery (EOR), Clean up of Natural Gas Processing Renewable Fuels: Algae Biofuels, Synthetic Gasoline 1. Appendix: CO2 – A MARKET FLOODED BY DEMAND GT’s Competitive Advantage vs. Existing Supply ENORMOUS UNMET DEMAND FOR CO2
- 11. PARTNERSHIPS Partner Scope Activity SRI International Technology Pilot plant operation and R&D; lab testing BASF Strategic Sorbent development and supply; lab testing Corning Haldor Topsoe Strategic Monolith development and supply Linde Commercial Carburetor Pilot and production Georgia Tech Technology Sorbent R&D; quality control Streamline Automation Technology System design, engineering, optimization Carmagen Engineering Technology System design, engineering, optimization Summit Power Commercial Production NRG Commercial, Financial Production, financial sponsorship VICE Media Strategic Platform promotion and awareness GT increasingly collaborates with industry-leading technology, strategic and commercial partners
- 12. LEADERSHIP