Busy week so just in and out with a quick article, because it’s very good:
https://blogs.ei.columbia.edu/2019/0...ation-profits/
“McKinsey & Company estimates that by 2030, CO2-based products could be worth between $800 billion and $1 trillion, and the use of CO2 for producing fuel, enriching concrete and generating power alone could reduce greenhouse gas emissions by a billion metric tons yearly. The Global Carbon Initiative projects that, with the proper incentives, by 2030 the overall CO2 based product industry could utilize seven billion metric tons of CO2 each year—about 15 percent of our current global emissions...”
The article goes on to list a number of current and potential uses, some of which were new to me, and it lists a number of key emerging companies, including several Canadian companies. It’s still relatively early days but there is sooo much potential here. Remember that growth with a new technology like this tends to follow an S curve rather than a straight line, so by 2050 these numbers could well be much bigger, much more than just proportionally bigger, but let's not be too quick to count our chickens before they've hatched. Lots of hard work, and perhaps a bit of government support as well, will be required to turn that potential into a reality.