2024 KCP Application
Winner or Finalist
Customers & Partnerships
Primary Project Category:
Project Summary / Description:
The accelerated formation of carbonate minerals underground was first suggested as means to mitigate climate change in the 1990s. In 2006, Professor Wally Broeker and former president of Iceland, Mr. √ìlafur R. Gr msson, urged Icelandic scientists to pursue and develop this concept. After much research and innovation, an international team of scientists (University of Iceland, Reykjavik Energy, CNRS, and Columbia University) successfully demonstrated the method in 2011. The injected CO2 was found to mineralize within two years of injection, much faster than previously demonstrated. Funded by EU grants, the technology has been further developed and is now ready to be scaled-up dramatically, both in Iceland and worldwide.
Regions of Operations:
Best Estimate of GHG Avoidance/Reduction of This Project (Tonnes CO2 Equivalent/Year):
Impact on Underrepresented Groups:
The Reykjavik Energy group places a great deal of emphasis on gender equality and received an Equal Rights Award from the Equal Rights Council in 2014 and a Motivation Award from the Confederation of Icelandic Employers in 2015. Reykjavik Energy is a member of the United Nations Convention on Gender Equality. In 2017, Reykjavik Energy adopted a new model which analyses the impact of every single wage decision on gender wage differences. This facilitated the Group‚ task of eliminating gender wage differences, which was completed at the end of 2017. Reykjavik Energy‚ equal wage system received gender pay equity certification in 2018. This certification confirms that the viewpoints, which Reykjavik Energy uses as a basis for its wage decisions and the decisions that have been made on the basis of the model, fulfil the provisions of Act No. 56/2017 on gender pay equity certification and that there are no gender-based discrepancies in the personnel‚ wages. CarbFix Ltd. currently has a gender ratio of 50/50 and two of five board members are women. During the period of 2007-2020, the CarbFix project has had a total of 30 undergraduate, graduate students and postdocs, ca. to half of whom were women.
Research or Economic Modeling
Measurement, Reporting & Validation