Elon Musk will write a check for one hundred million dollars to whoever finds the best technology to capture and store carbon dioxide in a competition. On Twitter, the boss of Tesla and SpaceX promises to deliver more details soon.
Carbon capture technology, as the name suggests, involves capture and then sequester (or recover) carbon dioxide (CO2) released as part of our operations before it can wreak climatic havoc in the Earth’s atmosphere. This type of equipment is already in use in some high-emission facilities, such as power plants that burn fossil fuels. However, this is not enough. Elon Musk is well aware of this, and offers to contribute to this fight in his own way.
“I will donate $ 100 million for the award for best carbon capture technology“, a ad the boss of SpaceX on Twitter this Thursday, January 21. “Details next week“, He added in another tweet.
Musk, a concerned and committed billionaire
It’s no surprise that Musk wants to improve and extend this technology. The entrepreneur has indeed expressed himself several times on the dangers of climate change, qualifying our heavy dependence on fossil fuels which produce greenhouse gases of “stupidest experience in human history “.
Also remember that when President Donald Trump withdrew the United States from the Paris climate pact in 2017, Musk resigned of several presidential advisory councils in protest.
This announcement also comes just two days after the inauguration ceremony of Joe Biden, who has already recorded the return of the United States to the Paris Climate Agreement. The new US President had indeed promised during his campaign that his administration would take steps to “accelerate the development and deployment of carbon sequestration technology“.
Note that Elon Musk is also the current boss of the manufacturer Tesla, specializing in electric vehicles that emit much less CO2 than ordinary cars and which has a solar energy company (SolarCity) as a subsidiary.
Finally, the billionaire is also one of the signatories of the “Giving Pledge”, an initiative launched by Bill Gates which encourages them to donate half of their fortune during their life.