![]() ![]() The charity’s entire website extends to 32 words or 259 characters – less than the limit for one post on Twitter, the medium favoured by Musk. The $100m pledged by Musk’s charitable foundation is double the total amount he has given away since setting up the Musk Foundation with his brother in 2002. ![]() The winning team must also demonstrate that the technology can be scaled up to be able to remove gigatons – billions of tons – of carbon dioxide in the future. The technology must be able to remove one US ton (2,000lb) of carbon dioxide from the atmosphere or ocean per day. As good as it gets Howard Herzog, a Senior Research Engineer in the MIT Energy Initiative, says that CCS projects have used 90 percent efficiency as a baseline target 1 for decades because a system needs to remove at least that much CO 2 to be worth the investment to build and install it, and also because 90 percent is an achievable goal. While planting trees can be one of the best ways to capture carbon, companies are trying to find new ways to step up to the. Full competition guidelines will be published on 22 April. This AI technology tracks employees to enforce social distancing. The grand prize winner will be awarded $50m, second place will receive $20m, and third place will get $10m. The selected teams will receive $1m to help them develop their ideas. The announcement came as Tesla revealed a $1.5bn investment in bitcoin, a virtual currency that has been criticised by environmentalists because it generates CO 2 through the sheer amount of computing power it uses.įifteen teams from around the world will be selected for the carbon capture competition, which is expected to last four years. The foundation, founded in 1997 to encourage technological solutions to some of the world’s toughest problems, said the Musk-sponsored challenge was “the largest incentive prize in history”. ![]()
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