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Tesla CEO Elon Musk offers $130m prize for climate change technology – NEWS.com.au
Elon Musk puts up $130 million prize for climate change technology to capture emissions
Elon Musk has $US100 million ($A130 million) burning a hole in his pocket.The Tesla CEO, who earlier this month was named the world’s richest person, said he will award a massive prize to whoever is able to develop the best tool to capture planet-warming carbon emissions.
“Am donating $100 million towards a prize for best carbon capture technology,” Musk tweeted.
Carbon capture involves using machinery to trap carbon dioxide emitted from places like factories before it escapes into the atmosphere.
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