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A global collaborative accounting network to calculate the resource use of products and services
(2015)
This report presents the calculations and findings as well as the resulting recommendations from the Barclays Plc case study within the Digital Europe project. Chapter 2 gives the background to the case study; chapter 3 investigates the environmental aspects; and chapter 4 highlights social aspects of different banking scenarios. Chapter 5 outlines future scenarios in the sector and chapter 6 finally makes recommendations for business and government.
The CO2 utilisation is discussed as one of the future low-carbon technologies in order to accomplish a full decarbonisation in the energy intensive industry. CO2 is separated from the flue gas stream of power plants or industrial plants and is prepared for further processing as raw material. CO2 containing gas streams from industrial processes exhibit a higher concentration of CO2 than flue gases from power plants; consequentially, industrial CO2 sources are used as raw material for the chemical industry and for the synthesis of fuel on the output side. Additionally, fossil resources can be replaced by substitutes of reused CO2 on the input side. If set up in a right way, this step into a CO2-based circular flow economy could make a contribution to the decarbonisation of the industrial sector and according to the adjusted potential, even rudimentarily to the energy sector.
In this study, the authors analyse potential CO2 sources, the potential demand and the range of applications of CO2. In the last chapter of the final report, they give recommendations for research, development, politics and economics for an appropriate future designing of CO2 utilisation options based upon their previous analysis.