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Musk announced the establishment of a $100 million carbon removal competition award: 1,000 tons of carbon removal per year

Tesla CEO Elon Musk announced the establishment of a $100 million bonus on Thursday to specifically reward the ability to develop various methods to reduce carbon dioxide in the atmosphere and ocean, thereby An inventor who contributed to the fight against global warming.

“We only have one planet right now.” Musk said,

“Even if there is a 0.1% probability of disaster, why do you want to risk it? This is crazy!” Musk announced his plan to establish this award in January this year. He said on Thursday. “Earth Day” officially established the rules of the competition.

This competition, known as the “biggest award ever”, will last for 4 years and will last until “Earth Day” in 2025.

Musk

“I think many things take some time to find a suitable solution,

and this is one of them.” Musk said, “This is especially true if you want to find the most economical way to remove carbon dioxide.”

Musk’s $100 million “XPRIZE CO2 Removal Award” aims to find a feasible solution that removes 1,000 tons of carbon dioxide from the atmosphere every year, and has the potential to significantly scale up.

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On Monday,

XPRIZE announced the two winners of another US$20 million award for the technology they developed to convert waste from power plants into concrete.

One of them is CarbonCure Technologies of Canada, which has the support of Bill Gates, Amazon and other companies.


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Musk announced the establishment of a $100 million carbon removal competition award: 1,000 tons of carbon removal per year

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