Environment

Elon Musk offers USD 100 million prize for best carbon capture technology

CO2-carbon-capture-Tesla-Elon-Musk

Photo: Pixabay/geralt

Published

January 25, 2021

Country

Comments

0

Share

Published:

January 25, 2021

Country:

Comments:

0

Share

Elon Musk, founder and CEO of electric car maker Tesla Motors, has said he will donate USD 100 million as a prize for the best carbon capture technology.

Musk, who also owns aerospace company SpaceX, pledged the money in a tweet, adding later that he would reveal more details next week.

Carbon capture is seen as critical for the energy transition and climate goals

Carbon capture and storage, which involves capturing CO2 before it is emitted into the air, is seen as critical in the energy transition and for achieving climate goals.

It involves capturing CO2 from large sources, such as fossil fuel power plants or industrial facilities, or even from the atmosphere. The captured CO2 can be used for various applications or stored permanently underground.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Mihajlovic Lithium mine Serbia digitalized no liquid waste

Mihajlović: Lithium mine in Serbia would be digitalized, with no liquid waste

16 August 2022 - Serbian Deputy Prime Minister Zorana Mihajlović claims the lithium mine in Jadar would be completely digitalized and without sulfuric acid fumes or liquid waste

power-plant-ecological-reconstruction-shutdown

7-month shutdown of TPP Pljevlja planned for 2024 as part of ecological reconstruction

16 August 2022 - TPP Pljevlja's ecological reconstruction will not require a temporary shutdown in 2023, but a 7-month stoppage is planned for 2024

Scientists warn rainwater unsafe to drink

Scientists warn rainwater is unsafe to drink

11 August 2022 - The levels of so-called forever chemicals in rainwater exceed the most stringent standards developed by health and environmental agencies

Rio Tinto complete feasibility study Jadar lithium project Serbia

Activists warn Jadar project abandonment is a farce, investor does not give up on planned activities while waiting for new government

10 August 2022 - Rio Tinto said it intends to complete the internal feasibility study for its Jadar lithium project in Serbia, citing "previous commitments"