One of the most critical strategies to fight climate change is to capture and remove carbon from the environment. Researchers at U-M are exploring various methods to do so and are identifying viable revenue generating opportunities as possible outcomes. The technological, economic and policy implications of these solutions involve more than just faculty; they are real-world ideas that need interdisciplinary conversations if they can be successfully developed and implemented.
That’s what the Global CO2 Initiative hopes to address, and is taking steps to make those conversations happen.
The Global CO2 Initiative Workshop last week was first in a series of programs to convene a small group of key leaders and researchers with the goal of building a toolkit for measuring and reporting on carbon dioxide utilization or removal.
In the room were academic researchers, government and policy leaders, and industry scientists and executives. The program is one in a series made possible in large part due to a gift from KPMG LLP (KPMG).
Volker Sick, DTE Professor of Advanced Energy Research in the College of Engineering, shared, “The Global CO2 Initiative is grateful for KPMG’s support through engagement in multiple ways. These include financial support for a series of workshops that focus on supporting the launch of a new economy based on carbon dioxide utilization, thought leadership on our Advisory Board, and in general a commitment to sustainability.”
Acknowledging the problem at hand and need for multiple voices at the table, KPMG wanted to further these conversations by funding the workshops. Timothy Stiles from KPMG was one of the executives on hand at the workshop.
He says, “We know the stakes are high and want to support the development of solutions that can have a lasting positive impact on the environment. We are in the business of helping to solve problems, and collaborating with the scientific expertise offered by the University of Michigan, will allow for the greatest possible impact.”
Photos courtesy of Joseph Xu/Michigan Engineering