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

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FILE PHOTO: SpaceX founder and chief engineer Elon Musk speaks at a post-launch information convention to debate the SpaceX Crew Dragon astronaut capsule in-flight abort check on the Kennedy Area Heart in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper/File Photograph

http://counsellingarena.co.uk/wp-content/plugins/mm-forms-community/includes/doajaxfileupload.php (Reuters) – Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to vow a $100 million prize for improvement of the “greatest” know-how to seize carbon dioxide emissions.

Capturing planet-warming emissions is turning into a vital a part of many plans to maintain local weather change in examine, however little or no progress has been made on the know-how so far, with efforts targeted on slicing emissions relatively than taking carbon out of the air.

The Worldwide Power Company stated late final yr {that a} sharp rise within the deployment of carbon seize know-how was wanted if international locations are to fulfill net-zero emissions targets.

“Am donating $100M in direction of a prize for greatest carbon seize know-how,” Musk wrote in a tweet, adopted by a second tweet that promised “Particulars subsequent week.”

Tesla officers didn’t instantly reply to a request for added data.

Musk, who co-founded and offered Web funds firm PayPal Holdings Inc, now leads a number of the most futuristic firms on the earth.

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Apart from Tesla, he heads rocket firm SpaceX and Neuralink, a startup that’s growing ultra-high bandwidth brain-machine interfaces to attach the human mind to computer systems.

Newly-sworn-in U.S. President Joe Biden has pledged to speed up the event of carbon seize know-how as a part of his sweeping plan to deal with local weather change. On Thursday, he named Jennifer Wilcox, an skilled in carbon elimination applied sciences, because the principal deputy assistant secretary for fossil vitality on the U.S. Division of Power.

Reporting by Nichola Groom; modifying by Peter Henderson and Rosalba O’Brien

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