At its heart, the CCE agenda is a renewed push for technologies to remove and store CO2, and to turn that stored CO2 into value-added products. But currently there's no real market for the use of CO2 at scale. 2/4
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The G20 has endorsed the concept of the ‘circular carbon economy’ (CCE) as a way to manage emissions in all sectors. The CCE encourages the productive use of CO2 in fuels, chemicals and materials among other markets. However, this ‘carbon recycling’ is not without risks. 1/4
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While the CCE is framed in terms of technology, it is driven by politics. It is no coincidence that the CCE was initially promoted by oil-exporting nations: tech providers for heavy industry - including Japan and the US - joined oil producers in early calls for a CCE. 3/4
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Will the CCE be key to meeting ambitious climate change goals or will it distract from the opportunity to design harmful emissions out of our economic system?
@patricks_CH,@ChathamSian and@Glada_Lahn explore the CCE's risks and opportunities 4/4https://www.chathamhouse.org/2020/11/g20-endorses-circular-carbon-economy-do-we-need-it?utm_source=twitter.com&utm_medium=organic-social&utm_campaign=circular-economy&utm_content=carbon-circular-economy-analysis …Show this thread
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