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Capturing planet-warming emissions is becoming a critical part
of many plans to keep climate change in check, but very little
progress has been made on the technology to date, with efforts
focused on cutting emissions rather than taking carbon out of
the air.
The International Energy Agency said late last year that a sharp
rise in the deployment of carbon capture technology was needed
if countries are to meet net-zero emissions targets.
"Am donating $100M towards a prize for best carbon capture
technology," Musk wrote in a tweet, followed by a second tweet
that promised "Details next week."
Tesla officials did not immediately respond to a request for
additional information.
Musk, who co-founded and sold Internet payments company PayPal
Holdings Inc, now leads some of the most futuristic companies in
the world.
Besides Tesla, he heads rocket company SpaceX and Neuralink, a
startup that is developing ultra-high bandwidth brain-machine
interfaces to connect the human brain to computers.
Newly-sworn-in U.S. President Joe Biden has pledged to
accelerate the development of carbon capture technology as part
of his sweeping plan to tackle climate change. On Thursday, he
named Jennifer Wilcox, an expert in carbon removal technologies,
as the principal deputy assistant secretary for fossil energy at
the U.S. Department of Energy.
(Reporting by Nichola Groom; editing by Peter Henderson and
Rosalba O'Brien)
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