The Tesla and SpaceX founder offered the hefty reward to whoever is able to develop the best tool to capture planet-warming carbon emissions. "Am donating $100m towards a prize for best carbon capture technology," Musk tweeted. Am donating $100M towards a prize for best carbon capture technology — Elon Musk (@elonmusk) January 21, 2021Musk recently became the world's richest person, his personal wealth surged to US$185 billion to overtake Amazon boss Jeff Bezos. Carbon capture involves using machinery to trap carbon dioxide emitted from places like factories before it escapes into the atmosphere. US President Joe Biden has pledged to accelerate the development of carbon capture technology as part of his sweeping plan to tackle climate change.

Source: New Zealand Herald January 25, 2021 03:45 UTC