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Elon Musk to offer $100 million prize for development of tech to capture carbon

Tesla Ceo Elon Musk on Thurday announced 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.

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.

 

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