For an Israeli start-up, one answer to global warming is blowing in the wind.The company called NewCO2Fuels, or NCF, has been developing its own version of a technology that allows heat-trapping carbon dioxide emissions to be captured and recycled back into useable fuel.It sounds complicated – and it is – but the company’s founders say it holds real potential in the fight against global warming.Such capture technologies have gained increased attention as countries seek alternative methods of cutting back on greenhouse gas emissions, the main culprit in global warming.Around 140 world leaders have gathered this week for highly anticipated talks in Paris with the aim of spearheading a climate pact and heading off a disastrous rise in global temperatures in the coming years.“
We cannot only wield the stick and make polluters pay. You also have to hold out the carrot and allow them to see commercial potential.
"The company is attempting to position itself in a new market offering what has come to be known as carbon capture, utilisation and storage technologies.A global race has been underway to develop such industrial-scale solutions.NCF hopes to begin offering its technology commercially before 2018 and estimates the global market at a potential $24 billion annually.” “We have to find a proactive solution, and that is where we come in,” Banitt told AFP.
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