Tesla main and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for advancement of the “best” technological know-how to capture carbon dioxide emissions.
Capturing planet-warming emissions is turning out to be a critical section of a lot of strategies to maintain local climate improve in verify, but incredibly very little development has been designed on the engineering to day, with efforts focused on slicing emissions relatively than taking carbon out of the air.
The Global Electricity Company explained late very last 12 months that a sharp increase in the deployment of carbon capture engineering was necessary if countries are to fulfill web-zero emissions targets.
“Am donating $100M in the direction of a prize for finest carbon seize technological know-how,” Musk wrote in a tweet, followed by a next tweet that promised “Details subsequent week.”
Tesla officers did not immediately reply to a ask for for added facts.
Musk, who co-launched and marketed Internet payments business PayPal Holdings Inc, now sales opportunities some of the most futuristic corporations in the globe.
Besides Tesla, he heads rocket business SpaceX and Neuralink, a startup that is creating ultra-large bandwidth brain-machine interfaces to link the human brain to desktops.
Recently-sworn-in U.S. President Joe Biden has pledged to accelerate the enhancement of carbon seize engineering as section of his sweeping plan to tackle climate change. On Thursday, he named Jennifer Wilcox, an pro in carbon removal technologies, as the principal deputy assistant secretary for fossil electrical power at the U.S. Division of Strength.