The Circular Carbon Economy: Managing Carbon Holistically
Climate change is a growing challenge, with global carbon emissions increasing rapidly and greenhouse gas concentrations at record levels. If we are to reach the Paris climate agreement target of limiting the rise in global temperature to below 2°C, the transition needed will have huge effects on global economic growth.
An essential approach to mitigating carbon emissions is to embrace the circular economy. Endorsed by the G20 energy ministers in September 2020, the circular carbon economy (CCE) approach incorporates clean technologies such as carbon capture, use and storage (CCUS) to store carbon underground, along with processes that turn CO2 into value-added products. The “four Rs” of CCE aim to reduce the amount of carbon that must be managed, reuse and convert emissions to valuable products, recycle carbon through natural processes and remove emissions from the system altogether.
The majority of greenhouse gases are emitted by the production of new materials and products, but following the covid-19 pandemic there is renewed resolve among manufacturers to focus on circular approaches. CCE enables all sectors and industries to collaborate in using available technologies and carbon-mitigation options for emissions reduction, and it provides solutions for research and policy in all markets. There is huge potential for the manufacturing and production ecosystem to integrate circular carbon systems at all levels, enabling industrial symbiosis, preventing emissions and creating climate-friendly structures that support sustainable development.
Join the Saudi Industrial Development Fund (SIDF) and The Economist Events for The Circular Carbon Economy: Managing carbon holistically, a virtual event bringing together industry leaders, policymakers, regulators and academics for a practical discussion on the policy and regulatory reforms needed to successfully advance clean-energy technologies and innovation.
4pm KSA │ 2pm BST │9am EDT
Date: Wednesday, August 11, 2021