Elon Musk to offer $100 million prize for ‘best’ carbon capture tech

Susan R. Jones

Tesla main and billionaire entrepreneur Elon Musk on Thursday took to Twitter to assure a $100 million prize for improvement of the “best” technologies to capture carbon dioxide emissions.

Capturing planet-warming emissions is getting a essential component of lots of designs to continue to keep local climate adjust in verify, but pretty little progress has been designed on the technology to day, with endeavours focused on chopping emissions rather than having carbon out of the air.

The Worldwide Power Agency claimed late last calendar year that a sharp increase in the deployment of carbon seize technologies was essential if countries are to satisfy internet-zero emissions targets.

“Am donating $100M toward a prize for greatest carbon capture technologies,” Musk wrote in a tweet, followed by a next tweet that promised “Details future week.”

Tesla officials did not straight away react to a ask for for more information and facts.

Musk, who co-started and bought Net payments firm PayPal Holdings Inc, now sales opportunities some of the most futuristic corporations in the entire world.

Apart from Tesla, he heads rocket company SpaceX and Neuralink, a startup that is acquiring ultra-higher bandwidth brain-device interfaces to link the human brain to desktops.

Newly-sworn-in U.S. President Joe Biden has pledged to speed up the development of carbon capture technological know-how as aspect of his sweeping prepare to tackle climate modify. On Thursday, he named Jennifer Wilcox, an professional in carbon removal technologies, as the principal deputy assistant secretary for fossil strength at the U.S. Office of Energy.

Next Post

State lawmakers suggest to use on line gambling to assist fund school education and learning

HARTFORD, Conn. (WTNH)– Leading lawmakers in Hartford are searching at funding education and learning with gambling. A proposed world wide web gaming procedure could be made use of to assistance fund a method to aid pay community faculty tuition. “We have to have to set this up so the system […]