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Elon Musk promises $100 million prize for 'best' carbon capture tech

Elon Musk promises $100 million prize for 'best' carbon capture tech
The International Energy Agency said late last year that a sharp rise in the deployment of carbon capture technology was needed if countries are to meet net-zero emissions targets
Reuters | January 22, 2021 | Updated 09:46 IST
Tesla Inc chief and billionaire entrepreneur Elon Musk
Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for development of the "best" technology to capture carbon dioxide emissions. Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.

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