Things we have a tendency to already know: the globe is growing uncomfortably hot because of humanity’s insistence on burning fossil fuels. Elon Musk is presently the wealthiest human on the earth. Nonetheless, for being among the wealthiest folks on the earth, Musk’s philanthropic journal over the years has been paltry compared to the likes of Jeff Bezos. So, yeah, it did return as a touch of a surprise on Th once the Tesla CEO took to Twitter to announce that he plans to gift $100 million as a prize towards a winning carbon capture system.
Am donating $100M towards a prize for best carbon capture technology
— Elon Musk (@elonmusk) January 21, 2021
Details on Musk’s coming carbon capture competition haven’t been discharged however are expected to arrive “next week.” this is often not the primary time that a corporation has wanted the public’s facilitate with carbon capture technology, that seeks to drag this part from the atmosphere and squirrel it away to assist slow the speed of human-induced global climate change. In 2018, X-Prize control an analogous competition and awarded 5 challenger groups a share of its $20 million grand prizes. however with a $100 million purse on the road, Musk’s competition won’t solely supply 5 times the funding as X-Prize, however, it’ll conjointly represent his single-largest philanthropic investment so far (10 times the number of his second-largest donations therefore far). Of course, this is often aloof from the primary effort to gather and convert region greenhouse emissions into client merchandise. The EFPL recently developed a capture system for semis that converts ninety % of the vehicle’s emissions into liquid greenhouse emission, researchers at Oxford worked out how to show it into jet fuel whereas others have reworked the gas into diamonds.
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