Elon Musk Presents $ 100 Million Prize For Best Carbon Capture Technology

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Billionaire businessman Elon Musk pledged on Twitter on Thursday to award a $ 100 million prize to developing the best technology to capture carbon dioxide emissions.

Capturing greenhouse emissions has become an important part of many plans to control climate change, but no significant progress has been made in this technology so far, with efforts focusing on reducing emissions rather than extracting carbon from the air.

The International Energy Agency said late last year that a sharp increase in deployment of carbon capture technology was needed if countries were to meet zero emissions targets.

“I will donate a $ 100 million prize for the best carbon capture technology … Details next week,” Tesla CEO Musk wrote on Twitter.





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