The road to zero also includes removing, recycling and storing CO2
For several years, the focus of climate action has been to reduce GHG emissions – now it is time to also focus on negative emissions; that is, to actively remove carbon from the atmosphere.
By 2030, we need to capture 800 million tons of CO2 to deliver on the Paris Agreement (IEA, 2020). This calls for investments up to 160 billion USD – tenfold the total investments in the past decade.
This event seeks to explore Danish – American synergies, through collaboration and partnerships, in order to drive the green transition forward together.
Innovation is needed A range of different carbon removal solutions exist, however innovation is needed to reduce costs and accelerate implementation. The solution landscape span is broad; covering both engineered solutions, that can capture carbon dioxide emissions (either from point sources in power and industrial plants or via Direct Air Capture (DAC)), and either directly store or further utilize the carbon in products or services.
Furthermore, nature-based solutions are also needed to pull out carbon from the air. To improve and deploy these technologies at scale, we need strong research and development efforts and international partnerships across the carbon removal landscape.
Lead the way North America, Europe and China are expected to lead the innovation in carbon removal technologies in the 2020s. Especially, the US is a global frontrunner by contributing more than 60 % of the global carbon capture and about half of all new planned capacity. Strong R&D, political incentives and improved conditions for investments as well as innovative startups and corporates are part of the story of the progress in North America.
We need international collaboration to accelerate the innovation and reduce costs we need to collaborate across the Atlantic, across disciplines and across sectors. A strong joint research and development effort can contribute to knowledge generation and to accelerate the applications of Carbon Removal technologies.
This summit is a kick-off event to facilitate future collaboration across the ecosystems in Denmark and the US. The initiative will constitute the three focus areas of government/policy, research and commercialization.
You are invited We would like to invite you to join us in kicking off transatlantic collaboration, with this Carbon Virtual Summit 2021 – The Road to Zero, towards more Denmark-US collaboration on Carbon Removal. The summit is a kick-off event to facilitate future collaboration across the ecosystems and value chains in Denmark and the US. We look forward to planting the seeds for future collaboration and partnerships across government/policy, research and commercial opportunities for carbon removal. To get the ball rolling, the summit will be followed up by a series of deep-dive virtual roundtable discussions in the fall of 2021 and delegations to enhance knowledge exchange and facilitate partnerships.
OPENING: INTERNATIONAL COLLABORATION ON CARBON REMOVAL
08.00am (PT) / 17.00 (CET): Welcome by host, Innovation Center Denmark Silicon Valley
08.05 / 17.05: Opening remarks – The need for international collaboration on carbon removal
By Minister of Climate, Energy and Utilities, Dan Jørgensen
08.15 / 17.15: Opening remarks – US-DK Collaboration on carbon removal
By Chargé d’Affaires, Stuart Dwyer, the U.S. Embassy in Copenhagen
08.20 / 17.20: Keynote: The state of carbon removal pathways
By Dr. Julio Friedmann, Senior Research Scholar at the Center on Global Energy Policy at Columbia University SIPA
Themes: Where are we at, and where do we need international collaboration?
SESSIONS: CARBON REMOVAL – INNOVATION, POLICIES, AND SOLUTIONS
08.35am (PT) / 17.35 (CET): Panel discussion: Leading entrepreneurs in carbon removal
Moderator: Jason Grillo, Event Director, AirMiners
Themes: We need ‘1,000 shots on goal for carbon removal’ – how do we get more entrepreneurs, and how do we support them in the best way? Meet founders of leading US carbon removal startups and learn about the diversity of solutions in the carbon removal space.
- Peter Reinhardt, CEO, Co-founder, Charm Industrial
- Rahul Shendure, CEO, Director, CarbonBuilt
- Dante Simonetti, Co-founder, SeaChange
09.05 / 18.05: Panel discussion: Solving the gigaton challenge through research, innovation and partnerships
Moderator: Peter Minor, Director of Science and Innovation, Carbon180
Themes: We need to accelerate both innovation and deployment of existing technologies. What do we need to work on within R&D? And how do we get from research to large-scale application?
- Mark Ackiewicz, Director, United States Department of Energy
- Christian Ketels, Director and Co-Chair of the Innovation Fund Denmark, and Member of the Faculty, Harvard Business School
09.35 / 18.35: Panel discussion: Which policies do we need to support carbon removal?
Moderator: Rory Jacobson, Deputy Director of Policy, Carbon180
Theme: Policies are important drivers of change. Which framework conditions and financing mechanisms do we need to get the ball rolling on more concrete projects? Utilization vs. storage – where to start? Which role can government institutions and international collaboration play to help create markets?
- Matt Baker, Deputy Secretary for Energy, Natural Resources Agency, State of California
- Anders Hoffmann, Deputy Permanent Secretary, Ministry of Climate, Energy & Utilities of Denmark
10.05 / 19.05: Closing remarks by organisers (and interactive part to decide on future topics)
10.15am (PT) / 19.15 (CET): Event ends
Minister of Climate, Energy and Utilities
Chargé d’Affaires, the U.S. Embassy in Copenhagen
Senior Research Scholar at the Center on Global Energy Policy at Columbia University SIPA
Event Director, AirMiners
CEO, Co-founder, Charm Industrial
CEO, Director, CarbonBuilt
Director of Science and Innovation, Carbon180
Director, United States Department of Energy
Director and Co-Chair of the Innovation Fund Denmark, and Member of the Faculty, Harvard Business School
Deputy Director of Policy, Carbon180
Deputy Secretary for Energy, Natural Resources Agency, State of California
Deputy Permanent Secretary, Ministry of Climate, Energy & Utilities of Denmark