Elon Musk Offers $100 Million Prize For Carbon Capture Technology

Tesla CEO Elon Musk announced Thursday that he’d be devoting a $100 million trophy for the “best carbon capture technologies. ”

Musk made the statement on Twitter, following it with another tweet asserting “details next week. ” The tweets follow the following last week, where he asked for assistance in discovering ways to give his vast fortune.

The Tesla and SpaceX CEO becamethe planet ’s richest man earlier this month before fall in his company’s inventory pushed him down to number two. No matter his net worth is, also according to Forbes, estimated at $184 billion.

Are donating $100M to get a prize for the Best carbon capture technology

— Elon Musk (@elonmusk) January 21, 2021

The good news for the centibillionaire is that I have a very simple suggestion for how he could donate to a vast system trying to enhance the planet. By paying additional taxes.

Also Read: Elon Musk Confirms He Has Moved From California To Texas

Although carbon neutralizing technology will be significant in the coming years, earnings taxes help pay for government grants that help finance the true research that goes into creating the tech. In addition, it will help cover things like streets, which I suppose you don’t want in case your roadster is flying across the cosmos.

Carbon capture technology may be important today that President Joe Biden was sworn in and is now about to make the U.S. rejoin the Paris Climate Agreement – which, to be fair, Musk has supported. Additionally, President Biden has announced plans to boost national investments and tax incentives for developing the carbon capture technologies.

The global climate is defined to pass levels targeted at 2100. Even when carbon emissions stopped by then, 33 metric gigatons of carbon dioxide would to be scrubbed in the air every year so as to maintain safe levels.

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