Factbook $100 Million Prize for Carbon Capture

Elon Musk Off ers $100 Million Prize for Carbon Capture Technologies

By Charlie Osborne for Between the Lines

ELON MUSK INTENDS TO

OFFER $100 million to a successful project resulting in viable carbon capture technologies.

Musk, the CEO of Tesla & SpaceX and an entrepreneur who briefl y took over from Amazon's Jeff Bezos as the world's richest person earlier this month, made the pledge in a tweet on Thursday. A direct air capture machine (or at least an artist’s rendering). Carbon

The concrete Engineering details of the "prize" for the "best" off ering are due to be announced made in terms of technology designed to contribute next week. to the eff ort. "Am donating $100M towards a prize for best The concept, as explored by Vox (www.vox.com/ carbon capture technology," Musk said, which energy-and-environment/2019/9/4/20829431/climatesuggests that more than this amount may be on change-carbon-capture-utilization-sequestration-ccu-ccs), off er, overall. could involve burying carbon in saline aquifers or

Carbon capture is a concept focused on air scrubbing, but for technologies in this area to the capture of carbon dioxide emissions be developed, potential profi t in the eyes of the produced by manufacturing, vehicles, and investor needs to be a factor. As such, carbon food production, among other industries. capture technology could focus on carbon capture

A human population of billions, deforestation, and utilization (CCU), in which carbon dioxide is the destruction of natural habitats, a lack of care used, in some way, to develop products or services. toward our oceans, and the transformation of land The creation of eff ective carbon capture for housing and the rearing of livestock have all technologies -- alongside environment recovery contributed to the problem of global warming. initiatives -- could help countries meet their

Global warming is expected to create climate obligations in the Paris Agreement, an international refugees, diminish water and food supplies, treaty on fi ghting climate change. trigger extreme weather events, and cause sea Hours after becoming America's latest president, levels to rise. Joe Biden signed an executive order returning the

Rolling back and attempting to tackle the damage US to the accord, after former US President Trump we have already caused to our environment are withdrew the United States from the agreement in ways to try and reduce the levels of carbon in the 2017. atmosphere, and to date, little progress has been www.zdnet.com/article/musk-off ers-100-millionprize-for-carbon-capture-technologies