March 1, 2021

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Elon Musk to supply $100 million prize for improvement of THIS expertise | Worldwide Enterprise Information

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

Capturing planet-warming emissions is changing into a essential a part of many plans to maintain local weather change in verify, however little or no progress has been made on the expertise up to now, with efforts targeted on chopping emissions relatively than taking carbon out of the air.

The Worldwide Vitality Company mentioned late final yr {that a} sharp rise within the deployment of carbon seize expertise was wanted if international locations are to satisfy net-zero emissions targets.

“Am donating $100M in direction of a prize for finest carbon seize expertise,” 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 bought Web funds firm PayPal Holdings Inc, now leads a number of the most futuristic corporations on the planet.

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

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Newly-sworn-in U.S. President Joe Biden has pledged to speed up the event of carbon seize expertise as a part of his sweeping plan to sort out 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 Vitality.

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