Why Elon Musk’s USD100 million prize for carbon-capture technology is a significant move
Carbon Engineering pilot plant for Direct Air Capture system; image credit: Carbon Engineering
Synopsis
Climate models show that carbon removal in vast amounts of will be necessary to prevent dangerous levels of global warming. But neither on-site carbon capture nor air removal is being done on a large scale because the processes are expensive. Musk is among the few trying to do their bit to address the issue.
By James Temple Tesla CEO Elon Musk, now the world’s richest person with a net worth of $180 billion, announced on Twitter that he plans to give away $100 million of it as a prize for the “best carbon capture technology.” He added in a subsequent tweet that he’ll provide more details next week, so it’s not yet clear how such a contest will work or even what technologies might qualify. Carbon capture can refer to methods that prevent greenhouse
BY
MIT
3 mins read, Last Updated:
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