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US News Elon Musk wants to pay $ 100 million to whoever invents the best technology for CO2 reduction

14:50  22 january  2021
14:50  22 january  2021 Source:   businessinsider.de

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"Am donating $ 100 M towards a prize for best carbon capture technology ," Musk wrote in a tweet, followed by a second tweet that promised "Details next week." Tesla officials did not immediately respond to a request for additional information. Musk , who co-founded and sold Internet payments

Musk , who co-founded and sold Internet payments company PayPal Holdings Inc, now leads some of the most futuristic companies in the world. Newly-sworn-in U.S. President Joe Biden has pledged to accelerate the development of carbon capture technology as part of his sweeping plan to tackle

Tesla and SpaceX CEO Elon Musk announced on Thursday its latest philanthropic project: a competition to promote innovative technologies for CO2 reduction Deposition. "I'm donating $ 100 million in an award for the best carbon capture technology," tweeted to Musk, adding that he will be sharing details next week.

Musk, who briefly overtook Amazon CEO Jeff Bezos as the richest person in the world, before a price slide in Tesla shares threw him back one place, recently asked his Twitter followers for advice on how best to give away his money. “Critical feedback is always welcome. Just like fundraising opportunities that really make a difference (a lot harder than it seems), ” tweeted Musk earlier this month. In 2012, , Musk signed the Giving Pledge - an initiative launched by Bill Gates and Warren Buffett , which calls on signatories to donate at least half of their wealth during their lifetime. The Tesla CEO has so far primarily supported education in the fields of science and technology as well as research projects on renewable energies, space and pediatrics. But , an estimate by Forbes business magazine in September, showed that Musk has only donated $ 100 million so far - less than 1% of his net worth. US President Biden relies on the development of CO2 capture to combat climate change

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Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise 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

"Am donating $ 100 M towards a prize for best carbon capture technology ," Musk wrote in a tweet, followed by a second tweet Musk , who co-founded and sold Internet payments company PayPal Holdings Inc (NASDAQ:PYPL), now leads some of the Are you sure you want to delete this chart?

Nevertheless, the competition proposed by Musk on CO2 capture would support an area that will play an important role in the fight against climate change, especially under the Biden administration.

A study published in Scientific Reports in November concluded that companies and governments urgently “need to start developing technologies to remove greenhouse gases from the atmosphere on a large scale” - a process known as carbon Capture and Storage (CCS), or CO2 capture and storage is known.

The temperatures on earth are already well on the way to exceeding the target values ​​of the Paris Climate Agreement for the year 2100 - the USA only rejoined the agreement under President Biden on Wednesday

. But even if all greenhouse gas emissions were to be stopped by then, according to the study, at least 33 gigatons of carbon dioxide would have to be removed from the atmosphere with the help of CO2 capture every year. This roughly corresponds to the total carbon dioxide emissions of the fossil fuel industry worldwide in 2018 (36 gigatons).

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Elon Musk Will Prize $ 100 Million USD for the Best Carbon Capture Technology : This will be the SpaceX founder's single largest donation ever made. Am donating $ 100 M towards a prize for best carbon capture technology . — Elon Musk (@ elonmusk ) January 21, 2021.

Elon Musk to offer $ 100 million prize for ' best ' carbon capture tech . 2)The new Kelp is not guaranteed to be as good as the current stuff for CO 2 capture 3)This all assumes a very limited scope of natural ecological interactions - and nature often has a way of surprising us with its ability to adapt

The technology is widely considered to be a safe and potentially effective form of geoengineering when compared to other approaches. Biden also declared during the election campaign that his government would take steps to "accelerate the development and use of technologies for CO2 capture". In particular, Biden aims to make these technologies more widely available, cheaper, and scalable, and plans to increase federal investment and tax incentives for their development.

  Elon Musk will 100 Millionen Dollar an denjenigen zahlen, der die beste Technologie zur CO2-Reduzierung erfindet © Provided by Business Insider Germany This article was translated from English by Steffen Bosse. You can find the original

here.

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