Tesla founder Elon Musk is giving away a $100 million prize for the “best” carbon-dioxide capture technology.
Elon Musk, who this month shortly overtook Amazon’s Jeff Bezos as the world’s richest man, taking it to Twitter to make the announcement and assured more details next week.
“Donating $100M apropos a prize for best carbon capture technology,” tweeted Elon Musk.
Carbon capture and storage is an aim to pull out waste carbon-dioxide emissions from the atmosphere to help impact climate change.
The carbon-dioxide effused from a factory or refinery is captured at its originator and then stored to make an effort and remove the harmful byproducts. In feedback, several of Musk’s followers who shared the tweet proposed a solution — plant more trees.
The prize will be associated to the Xprize Foundation, which is a non-profit organization that hosts public competitions to encourage technological development.
Newly elected president Joe Biden has placed huge importance on his climate plan and says he wants to put the US on the road to be carbon-dioxide neutral by 2050.
Musk, who is also the CEO and founder of SpaceX, in a while asked his 42.7 million Twitter followers how he should spend his fortune, which is now around at more than $201bn.
"Judgmental response is usually super appreciated, as well as ways to give back money that really make a difference (way harder than it seems),” he tweeted.
Elon Musk has openly donated $257 million to the Musk Foundation, he said that much of his fortune will be used for space exploration and his aim to colonise Mars.
“This will require a lot of resources to build a city on Mars,” he told German publisher Axel Springer.
“I want to be able to give as much as possible,” Musk said.
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