Elon Musk offers $100 million to person who creates 'best' climate-saving carbon capture technology

January 22, 2021

Elon Musk is challenging his Twitter followers, and the grand prize not only guarantees $100 million, it can also help save the planet!

The Tesla CEO took to Twitter to offer a reward for the “best” technology to capture carbon dioxide emissions.

“Am donating $100M towards a prize for best carbon capture technology,” Musk wrote in a tweet.

He followed it up by a second tweet that promised more details to come “next week.”

Capturing and controlling carbon dioxide levels in the atmosphere – which is emitted through the burning of fossil fuels like coal and oil – is critical in the fight against climate change.

NBC News reports that last year, the International Energy Agency revealed that a sharp increase in the deployment of carbon capture technology would be needed if countries wanted to meet net-zero emissions and slow the climate crisis.

In 2019, MIT engineers created a new process that could help remove carbon dioxide from a stream of air. The technique was based on passing air through a stack of charged electrochemical plates.

Other small ways to reduce the carbon footprint include planting more trees, driving less (alternatives include carpooling, taking public transportation, or walking), and investing in solar panels.

The 49-year-old, who also serves as SpaceX CEO, is known for his revolutionary technology – like electric cars and reusable rockets – aimed at creating a more sustainable planet.

Due to his efforts, he recently surpassed Amazon founder Jeff Bezos for the world’s richest person.

The two have been steadily going head-to-head with Bezos reclaiming the title shortly after. According to Forbes' "Real-time Billionaires List," Bezos currently has a net worth of $191 billion, while Musk comes in second with $182 billion.

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