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Elon Musk, world's richest person, offers $100 mln prize for carbon capture tech

  • Posted: 22-01-2021

Tesla CEO Elon Musk took to Twitter on Thursday to announce he would offer a prize of $100 million to someone who can develop the best technology to capture carbon dioxide emissions. At a time when it is widely recognized that such emissions are one of the key factors behind climate change, Musk's announcement is likely to put a firm focus on efforts to capture CO2 emissions in a better, possibly far more efficient manner.

It would take more, much more, to fight climate change.

With several countries setting out ambitious targets to become carbon neutral, the International Energy Agency had said last month that more advanced carbon capturing technology was required if such targets were to be met.

US President Joe Biden, who took the oath of office earlier this week, has also underlined his commitment towards carbon capturing technology and re-affirmed his country's role in leading the world in the fight against global warming.

In the collective efforts then, Musk has now jumped in to do his bit.

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