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Home / Business / Elon Musk said he will donate US$100 million to anyone with the best carbon capture technology

Elon Musk said he will donate US$100 million to anyone with the best carbon capture technology



Musk Musk
Elon Musk. Via Getty Images (ODY ANDERSEN/AFP)

Tesla and SpaceX CEO Elon Musk mocked his latest philanthropy on Thursday: a race to encourage more innovative carbon capture technologies.

Musk wrote on Twitter: “He donated $100 million to get the best carbon capture technology award. He added that he will provide details next week.

Before the fall in Tesla’s stock price caused him to fall back to his original position, Musk briefly made Amazon CEO Jeff Bezos the world’s richest man. He recently asked Twitter followers how to best donate Suggestions for his money.

Musk tweeted earlier this month: “Important feedback is always appreciated, and there are ways to donate that can really work (much more difficult than it seems).”

In 2012, Musk signed the Donation Pledge. The bill was initiated by Bill Gates and Warren Buffett, requiring signatories to donate at least half of their wealth during their lifetime, mainly for science and engineering education. Renewable energy research, pediatric research, and human space exploration research.

But according to Forbes estimates in September, Musk has donated only $100 million so far-less than 1% of his net worth.

Despite this, the carbon capture competition proposed by Musk will continue to develop towards a cause that may play an important role in combating climate change, especially under the leadership of the Biden administration.

read more: Venture capitalists share 46 climate technology startups that will soar in 2021

A study in the Scientific Report published in November concluded that companies and governments urgently need to “start developing technologies to remove greenhouse gases from the atmosphere on a large scale.” This process is called carbon capture and Containment (CCS).

The temperature of the earth is already expected to exceed the level set by the Paris climate agreement (which President Joe Biden joined on Wednesday) as the 2100 target.

However, according to this study, even if all greenhouse gas emissions have ceased by then, at least 33 gigatons of carbon dioxide need to be sucked out of the atmosphere through carbon capture every year-approximately the total amount of carbon dioxide in the global stone-2018 Emissions from the fuel industry (36 gigatons).

Compared with other methods, this technology has been widely accepted as a safe and potentially effective form of geoengineering. Biden expressed his support for it on his campaign platform and pointed out that his government will take steps to “accelerate carbon capture.” The development and deployment of storage technology”. “

Specifically, Biden hopes to make carbon capture more widespread, cheap and scalable, and plans to increase federal investment and tax incentives to develop this technology.

Read the original article on Business Insider




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