Elon Musk, Offers a $100 mln carbon capture technology award.
Key sentence:
- Tesla CEO Elon Musk went on Twitter to reveal that he would give a $100 million reward to anyone who could create the best technology to trap carbon dioxide emissions.
- Last month, the International Energy Agency reported that more developed carbon capture technology would be needed if certain targets were to be reached.
On Thursday, Tesla CEO Elon Musk went on Twitter to reveal that he would give a $100 million reward to anyone who could create the best technology to trap carbon dioxide emissions.
Musk’s statement is likely to place a strong emphasis on attempts to trap CO2 emissions in a better, perhaps much more effective way at a time when it is generally understood that such emissions are among the main factors driving climate change.
As Elon Musk tweeted:
Musk, who also has millions of followers on his Twitter account, announces to give the prize money to someone who is willing to create innovative technology for carbon capture. He writes on the micro-blogging site, noting that the information will be revealed next week, “Am donating $100M toward a prize for good carbon capture technologies.
The worlds 2nd richest man:
The 49-year-old billionaire entrepreneur is renowned for his attempts to create a world focused on renewable energy sources.
As the business’s electric cars have become a rage worldwide, Tesla is one of the biggest examples, almost convincing several other conventional car manufacturers to make a move away from internal combustion engines, In fact, Tesla solar panels are rapidly becoming a popular sight for homes too.
As the International Energy Agency declared last month:
To tackle climate change, it will take more, much more. With numerous countries setting ambitious goals for becoming carbon neutral, the International Energy Agency reported last month that if certain targets were to be reached, more developed carbon capture technology would be needed.
Underlining his dedication to carbon capture technology, US President Joe Biden, who took the pledge of office previously this week, reaffirmed his nation’s role in leading the world in the battle against global warming.
Musk was now jumping in to do his part in the joint efforts then.
