Carbon conversion technologies (CCTs) hold the potential to reduce global greenhouse gas emissions by billions of tons of carbon dioxide (CO2) equivalent annually while simultaneously producing valuable products and, potentially, disrupting the business models of incumbent producers. Over the past decade, there has been a rapid increase in research and development in CCTs, which utilize CO2 as a feedstock for the production of a variety of products (e.g., cement and concrete replacements and substitutes, fuels, polymers, chemical intermediates, animal feed). One of the current challenges in implementing CCTs in practice is the breadth of possible options currently available in this space (i.e. pathways and products). As a result, there is a growing need to better understand and develop methods and tools which will allow both industry and government to assess the benefits and feasibility of CCTs in various sectors.

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The aim of the Assessment of Carbon Conversion Technologies (ACCT) Network is to bring together global experts in assessment of emerging energy technologies, developers of CCTs, and potential users of such technologies to understand the potential future role and risk of specific CCTs. Specifically, the consortium aims to engage its members to: evaluate individual CCT pathways from economic, environmental and market perspectives; ensure consistent and transparent comparisons across pathways; develop and maintain an open source tool to reflect the state-of-the-art evaluation and comparison of pathways; serve as a global hub for assessment of CCTs by hosting international workshops, producing collaborative reports etc.