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Elon Musk affords $100m prize for ‘finest’ carbon seize tech | The Categorical Tribune

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AUSTIN, TEXAS:

Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to vow a $100 million prize for improvement of the “best” know-how to seize carbon dioxide emissions.

Capturing planet-warming emissions is changing into a crucial a part of many plans to maintain local weather change in test, however little or no progress has been made on the know-how to this point, with efforts centered on chopping 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 satisfy net-zero emissions targets.

“Am donating $100M towards a prize for best carbon capture technology,” Musk wrote in a tweet, adopted by a second tweet that promised “Details next 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 among the most futuristic firms on this planet.

Moreover 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 professional in carbon elimination applied sciences, because the principal deputy assistant secretary for fossil vitality on the U.S. Division of Power.

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