Elon Musk announces $100 million prize
Tesla and SpaceX CEO Elon Musk announces $100 million prize for developing best carbon capture technology. He tweeted that
Am donating $100M towards a prize for best carbon capture technology.
and the details will be posted in coming week.
Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check but as of now, very little progress has been made. According to the International Energy Agency, if countries needed to meet net-zero emission target then there should be a sharp rise in the deployment of carbon capture technology.
The main reason for the difficulties in making the best carbon capture and storage is the high upfront cost. The Xprize Foundation will conduct this competition announced by Elon Musk and the aim of this competition is “encouraging technological development and innovation“.
Tesla’s sales are increasing day by day and finally, news came. According to this news, Tesla is coming to India and registered a company in India. He further said that he will fulfil his promise to run the electric cars on the roads of the country.
Elon Reeve Musk is a business magnate, Industrial Designer and Engineer. He was born on 28th July 1971 and is 49 years old. The net worth of Elon Musk USD 201 billion and became the richest person in the world in January 2021.