{"id":118812,"date":"2021-01-23T21:59:27","date_gmt":"2021-01-24T05:59:27","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/01\/elon-musk-announces-100-million-prize-for-new-carbon-capture-tech"},"modified":"2021-01-23T21:59:27","modified_gmt":"2021-01-24T05:59:27","slug":"elon-musk-announces-100-million-prize-for-new-carbon-capture-tech","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/01\/elon-musk-announces-100-million-prize-for-new-carbon-capture-tech","title":{"rendered":"Elon Musk announces $100 million prize for new carbon capture tech"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/elon-musk-announces-100-million-prize-for-new-carbon-capture-tech.jpg\"><\/a><\/p>\n<p>Things we already know: The world is growing uncomfortably warm due to humanity\u2019s insistence on burning fossil fuels. Elon Musk is currently the wealthiest human on the planet. Yet for being among the wealthiest people on the planet, Musk\u2019s philanthropic track record over the years has been paltry compared to the likes of Jeff Bezos. So, yeah, it did come as a bit of a surprise on Thursday when the Tesla CEO took to Twitter to announce that he plans to donate $100 million as a prize towards a winning carbon capture system.<\/p>\n<blockquote class=\"\"><p>Am donating $100M towards a prize for best carbon capture technology\u2014 Elon Musk (<a href=\"https:\/\/twitter.com\/elonmusk\">@elonmusk<\/a>) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1352392678177034242?ref_src=twsrc%5Etfw\" target=\"_blank\">January 212021<\/a><\/p><\/blockquote>\n<p>Details on Musk\u2019s upcoming carbon capture competition have not been released but are expected to arrive \u201cnext week.\u201d This is not the first time that a company has sought the public\u2019s help with carbon capture technology, which seeks to pull this element from the atmosphere and squirrel it away to help slow the rate of human-induced climate change. In 2018, X-Prize held a similar competition and awarded five finalist teams a share of its $20 million grand prize. But with a $100 million purse on the line, Musk\u2019s competition will not only offer five times the funding as X-Prize, it\u2019ll also constitute his single-largest philanthropic investment to date (10 times the amount of his second-largest donations so far). Of course, this is far from the first effort to collect and convert atmospheric CO2 into consumer products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Things we already know: The world is growing uncomfortably warm due to humanity\u2019s insistence on burning fossil fuels. Elon Musk is currently the wealthiest human on the planet. Yet for being among the wealthiest people on the planet, Musk\u2019s philanthropic track record over the years has been paltry compared to the likes of Jeff Bezos. [\u2026]<\/p>\n","protected":false},"author":513,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[493,2019,17],"tags":[],"class_list":["post-118812","post","type-post","status-publish","format-standard","hentry","category-climatology","category-elon-musk","category-sustainability"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/118812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/513"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=118812"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/118812\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=118812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=118812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=118812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}