A couple of weeks in the past Elon Musk teased that he can be donating a staggering $100 million in the direction of a prize for the event of the perfect carbon seize expertise. We now lastly have extra particulars in regards to the tweet, and it seems Musk’s $100 million is funding the most important XPRIZE in historical past.
Am donating $100M in the direction of a prize for finest carbon seize expertise
— Elon Musk (@elonmusk) January 21, 2021
XPRIZE has now formally introduced a brand new carbon removal competition funded by Musk and the Musk Basis. The intention of the competitors is to give you a scalable expertise that may take away carbon from the Earth’s biosphere. The purpose? To avoid wasting humanity from the disastrous local weather change that’s already underway. As XPRIZE explains, members should “create and show options that may pull carbon dioxide instantly from the environment or oceans finally scaling massively to gigaton ranges, locking away CO2 completely in an environmentally benign method.”
The four-year competitors is open to anybody on the planet and the primary place winner will obtain $50 million, with the second- and third-place winners getting $20 million and $10 million, respectively. The rest of the fund will likely be distributed to the 15 high groups and as pupil scholarships, too.
XPRIZE is a nonprofit basis that holds cash-prize competitions for the event of expertise that advantages humanity. Earlier XPRIZE competitions have efficiently resulted in new applied sciences starting from suborbital spaceflights to these cleansing oil spills from the ocean. You’ll be able to take a look at XPRIZE’s video saying the competitors under. For these focused on participating within the competitors, full particulars will likely be launched on Earth Day, April 22, 2021.