Register for Ramon Altorre's Lunch and Learn Workshop on Sustainability
“Innovate Waste Challenge: The Emerging Business Opportunity in Carbon Dioxide Removal”
FREE OF CHARGE FOR PARTICIPANTS
Ramon DC Alatorre
Climate & Energy Coordinator for the City of Flagstaff Sustainability Program
The global demand for Carbon Dioxide Removal (CDR) is exploding. Will supply be able to keep up?
In 2020 the City of Flagstaff adopted a Resolution declaring a Climate Emergency and set the goal of achieving carbon neutrality by the year 2030. And Flagstaff is not alone – at the end of 2021, over 2,000 jurisdictions and local governments representing over one billion citizens have made similar Climate Emergency Declarations.
Carbon Neutrality represents a paradigm shift in the global conversation about responding to climate change and limiting the associated harm and suffering. Simply said, while reducing emissions rapidly remains necessary, it is no longer sufficient. Atmospheric Carbon Dioxide Removal must now be part of the response.
This workshop will explore the emerging business opportunity in Carbon Dioxide Removal. As the insurance giant Swiss Re stated in a July 2021 paper, “If it takes a trillion-dollar industry to provide for all the oil and gas that causes 20 billion tons of emissions today, it will take the next trillion-dollar industry to remove that same about from the atmosphere.”
While some assume that Carbon Removal projects will be dominated by multi-million dollar mega-projects, others are looking at another model that has shown the ability to thrive and grow within a trillion-dollar industry: distributed solar energy. While utilities provide the majority of the electricity delivered, smaller solar systems have been providing value to homes and businesses for years while supporting over 230,000 jobs (and growing) in the U.S. alone. Given that utility scale Carbon Dioxide Removal has yet to be established, the opportunity is especially abundant for distributed CDR approaches to gain traction, provide value and meet the exploding demand.
The Innovate Waste and Carbon Removal Challenge is a call to local entrepreneurs and problem solvers in Flagstaff. By 2030 our community is projected to need a portfolio of CDR projects capable of removing nearly 500,000 tons of atmospheric carbon dioxide. Will your project/venture be part of the portfolio that to satisfies this demand?
Moonshot at NACET
2225 N. Gemini Dr.
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