Elon Musk Will Pay $100 Million To Creator Of Best Carbon Emission Capture Tech
Elon Musk has announced a $100 million prize for anyone who develops the best technology to capture carbon dioxide emissions. He further stated that he would provide the details of the same next week Am donating $100M towards a prize for best carbon capture technology Musk wrote in the first tweet.
A sure shot way for countries to meet their net-zero emissions targets is a technology that is efficiently able to capture carbon dioxide.
In order to aid the development of such emission-capturing technologies, Tesla Inc chief Elon Musk has now announced a $100 million prize.
Elon Musk donation
Elon Musk took to Twitter on Thursday to announce the prize. Elon Musk promised a $100 million prize for anyone who develops the "best" technology to capture carbon dioxide emissions. He further stated that he would provide the details of the same next week.
"Am donating $100M towards a prize for best carbon capture technology," Musk wrote in the first tweet. A second tweet then promised the "Details next week."
Elon Musk¡¯s push to such a technology can develop in it being his next area of interest. All of the firms that Musk is currently associated with focus on sustainable development and salvation of the planet and humanity. A technology to capture carbon dioxide, ultimately saving the planet from greenhouse effect, will rank right on top for Elon Musk as it comes to fruition.
(Twitter/ Elon Musk)
The International Energy Agency highlighted its importance last year. It called for a rapid increase in the deployment of carbon capture technology if countries plan to meet net-zero emissions targets. It is, hence, no wonder that Musk would like to get ahead of the curve in a yet-to-be-adapted clean-tech solution.
Another believer of the carbon capture technology is the newly sworn-in US President Joe Biden. In his plan to tackle climate change, Biden pledged a preference to such technology and its development. The same reflected in his actions when he named Jennifer Wilcox, an expert in carbon removal technologies, as the principal deputy assistant secretary for fossil energy at the U.S. Department of Energy.
Carbon removal technologies will serve as the next step to carbon neutral practices. With Earth being declared already past the point of return to normalcy by numerous scientists, these technologies will take utmost priority in climate actions of governments across the globe.
