By way of “Radio Open Source”:http://www.radioopensource.org/global-warming-a-sputnik-moment/ I discovered this cool new company called “GreenFuel”:http://www.greenfuelonline.com/.
GreenFuel has algae that consumes CO2 and converts in to a biofuel. The idea is that their algae would consume emissions from smokestacks and become algae biomass. Algae biomass can be used as ethanol, biodiesel, and other stuff. The first bioreactor was attached at MIT and more have been installed elsewhere since. This one is being funded by a “VC”:http://www.polarisventures.com/ run by Robert Metcalfe, the guy who invented Ethernet at Xerox PARC. That’s right, Ethernet.
Profitable venture-capital backed companies that can spin the current system on its head- that is, making it cool and profitable to turn your emissions clean- are fantastic ideas to urge a transition from our present system to a better one. Of course, lower government mandated emissions standards or credits for lower emissions would make this technology a lot more lucrative.