Published on Web 12/08/2008 Further, one of the major challenges of our time is to find efficient new solutions beyond our diminishing fossil fuels resources (oil, natural gas, coal) and the grave environmental consequences of excessive combustion of carbon-containing fuels and their products. The concept of the "Methanol Economy" that we have developed hinges on the chemical recycling of CO 2 to useful fuels. (i.e., methanol and DME) and other products. 1,2 At the same time, it renders carbon-containing fuels renewable (on the human time scale) and environmentally neutral. This not only allows us to mitigate a major human made cause of global warming but also provides us with an inexhaustible and generally available carbon source for ages to come.