Elon Musk Offers $100M To Anyone Who Can Design Effective Carbon Capture Technology

WHAT’S BEING CLAIMED:

  • One of the world’s billionaires Elon Musk recently announced on Twitter that he will give a $100 million prize for the “best carbon capture technology.”
  • The challenge is a way to fight climate change, brought by overwhelming carbon dioxide levels in the atmosphere.
  • Musk posted the tweet after gaining the world’s richest man, which was later quickly reclaimed by Amazon founder Jeff Bezos.

A very promising reward awaits whoever can save the planet earth.

Elon Musk, one of the world’s richest people, put up a challenge on his Twitter account on Thursday — he would donate a $100 million prize for “best carbon capture technology.”

As a way to slow the climate crisis, “carbon capture technology” deals with controlling carbon dioxide (CO₂) levels in the atmosphere to fight against climate change.

According to the National Oceanic and Atmospheric Administration (NOAA), the use of gasoline-dependent vehicles and the burning of fossil fuels, which are now frequent in these modern times, have dangerously overwhelmed the environment.

The start of the Industrial Revolution, resulting in large levels of carbon dioxide absorption, has contributed to warming temperatures around the earth.

“While carbon dioxide is less abundant and less powerful than water vapor on a molecule per molecule basis, it absorbs wavelengths of thermal energy that water vapor does not, which means it adds to the greenhouse effect in a unique way,” according to the NOAA. “Increases in atmospheric carbon dioxide are responsible for about two-thirds of the total energy imbalance that is causing Earth’s temperature to rise.”

The $100-million-prize announcement of the 49-year-old founder of Tesla and SpaceX has captured huge attention over social media.

Many replies said that planting trees is already a great, natural solution to lower carbon dioxide in the air. But knowing Musk and his ever game-changing projects, he seems to be looking for radically innovative technology.

Weeks before Musk’s viral tweet, he asked his followers on January 7 for “critical feedback” and “ways to donate money that really make a difference.”

The tweet came after Musk has overtaken 57-year-old Amazon founder Jeff Bezos as the world’s richest person. Bezos, with a net worth of $191 billion, has quickly regained the title, though, according to Forbes’ “Real-time Billionaires List.”

As of January 22, Bezos still holds the richest-man label, ahead of Musk with $182 billion net worth.

Source: PEOPLE

Leave a Reply

Your email address will not be published. Required fields are marked *