Atmospheric Restoration AcceleratorWorking in collaboration with industry, policymakers and the public to realise and scale greenhouse gas removal technologies in a socially and environmentally sustainable way to address the impacts of climate change.

Abstract:

The ultimate objective of the project is to return the composition of the atmosphere to one that is compatible with a stable climate and healthy oceans. It proposes a unique and critical intervention to avoid planetary warming by creating an internationally sourced incubator for new technologies to develop through a full cycle: from inception to testing, application and upscaling. It will achieve accelerated development of safe, viable and scalable techniques for Greenhouse Gas Removal (GGR), engaging the most promising inventions from across the world, focusing project resources on the best technologies and preparing them for growth investment.

This means an accelerated development of safe, viable and scalable techniques for GHG removal from the atmosphere. We will engage teams with the most promising inventions from across the world in an innovation process designed to focus project resources on the best technologies and prepare them for growth investment.

The project also constitutes a market intervention, developing a commercial market for GGR where one does not presently exist, contributing to achieving the 1.5°C limit and helping contribute to the solving of the climate crisis. If business-as-usual continues, the relevant technology will take 10 years at a minimum to be market-ready for the private sector to invest. This project will create a GGR industry through the following means:

• Technology testing and scaling.
• Developing a dedicated market through business and investment assistance to emerging technology start-ups.
• Setting up a global coordination system through a dedicated body managing the application of GGR value chains in different geographical contexts and working with governments to ensure market incentives, policy formulation, governance, socio-legitimacy and legislation are appropriately applied.
• Research and training programmes, public education, dialogues and awareness campaigns.

The project is working along-side proposals being developed in the UK’s £31.5 M Strategic Priorities Research Fund GGR Call.