Business models
This research theme investigates the role of business models as a way of scaling the Greenhouse Gas Removal (GGR) industry quickly in ways that create economic, social and environmental value. Which business models are attractive to investors? Which business models will be robust in different policy scenarios? How can policy support innovation in business models over time as the industry evolves? And what challenges are entrepreneurs facing as they experiment with business models for different GGR solutions?
Importance
CO2RE is mapping both what the sector needs in the future (e.g. business models to scale different technologies and associated policy interventions) and what is currently happening in terms of the entrepreneurship, investment and collaboration landscape (e.g. value chain and venture maps). This work allows us to see where potential challenges are emerging, and to shape these challenges through responsive collaborations with GGR developers, businesses and investors.
Outputs
Researchers on business models will deliver the following outputs:
· Viability of different GGR business models under different policy scenarios
· Value chain and venture maps for stakeholders to understand value flows, patterns of entrepreneurship, and collaborations across different GGR technologies
· Guidelines for policymakers to support business model innovation
Technology venture maps
Technology venture maps created by Mike Hutson (Michael.Hutson.MBA22@said.oxford.edu) for CO2RE, with grateful thanks to Net Zero Insights for the data.
People
Dr Aoife Brophy
University of Oxford
Dr Mark Workman
Imperial College London
Astha Wagle
University of Oxford