Elon Musk to donate $100 million towards ‘best carbon capture tech’

Just days after Musk grew to become the richest particular person on this planet – after which slid again down to second place once more – he introduced a brand new contest with a hefty prize to deal with enhance carbon capture tech.

Elon Musk set sights on carbon capture expertise

Elon Musk mentioned on social media that he could be donating $100 million (roughly R1.5 billion on the time of publishing) towards the most effective carbon capture expertise.

In essence, Musk vowed to use just a little of his rising wealth – he has a web price of $180 billion – to speed up progress and discover methods to stop carbon dioxide air pollution.

It’s not but clear at this stage how the competition would work or which applied sciences and firms would possibly qualify. Musk promised to share extra particulars quickly.

What is Carbon Capture?

Carbon capture and storage includes the utilisation and storage of carbon dioxide emissions from sources such coal-fired energy vegetation. As a consequence, the carbon dioxide is reused to stop it from coming into the ambiance.

In quick, it prevents greenhouse gases from escaping from energy vegetation and factories – which leads to air pollution. Instead, it focuses on numerous methods of “pulling it out” of the ambiance, so to communicate.

The course of isn’t all that new. About a year in the past, Microsoft mentioned it’s making a $1 billion fund (roughly R15 billion) for “carbon reduction, capture, and removal technologies” to cancel out its whole historic emissions.

Boosting tech improvement and innovation

Word across the web is that Musk might probably be partnering with Xprize Foundation, which “hosts competitions to encourage technology development and innovation”. TechCrunch reports:

“A person familiar with the plan has told ‘TechCrunch’ that this will be connected to Xprize Foundation; the non-profit organisation that hosts competitions aimed at encouraging technological development and innovation”.

Also learn: Watch SpaceX’s first Starlink launch of 2021 right here

Tunnels beneath flood-prone Miami

In different information, Musk had been exchanging tweets with Miami Mayor Francis Suarez about constructing a tunnel system beneath the flood-prone Florida metropolis. They mentioned “potential solutions for the benefit of our future.”

While the mayor appeared enthusiastic in regards to the concept, others expressed their reservations. Floridians had been fast to level out how shallow the water desk is within the state’s swampy south.

As reported by AFP, the “exchange comes amid Suarez’s push to lure Silicon Valley investors and tech developers to Miami”. However, Kurtis Gurley, a professor of structural engineering on the University of Florida, advised CBS:

“It doesn’t seem very smart and it is certainly going to be expensive” .

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