This inducement prize will reward innovative products utilising CO2 that could significantly reduce the atmospheric emissions of CO2 when deployed at commercial scale. The prize will induce actors in the field of CO2 utilisation to do more to enhance their processes and products so that they reduce atmospheric emissions of CO2. It aims also to mobilise and enhance private R&I investment, attract non-traditional players, create new partnerships and incentivise researchers and innovators to enhance efforts to abate emissions of anthropogenic CO2 to atmosphere.
The prize will be awarded, to the contestant who in the opinion of the jury demonstrates a solution that best addresses the following essential cumulative criteria, further specified below:
