Elon Musk announces $100 million prize for better environment

Elon Musk announces prize for technology that will help reduce pollution

On Thursday, Chief of Tesla Inc and recently emerged the richest man of the world, Elon Musk took to his twitter handle declaring a $100 Million prize for development of the best technology to inhibit carbon monoxide emissions, a major pollutant harming our environment. Studies suggest that persistent release of carbon monoxide is a major cause of global warming which in coming years is fatal for ecological and climatic balance. The extremities and abrupt climate changes observed needs urgent attention.

In order to keep climate change regulated and spontaneous, capturing planet warming emissions is major part of plans strategized by many organizations around the world and is prime target of Global SDG 2030, aiming to build a better world by 2030. In recent years, a little progress has been made in this regard but still we got miles to cover and switch our efforts in direction of removal of carbon from air rather than cutting down the emissions. The International Energy Agency said at the end of the year that a revolutionary technology is needed by all countries to decrease carbon emissions in order to achieve a zero emission target.

In his tweet, Musk announced invitations for "Best carbon capturing technology" followed by another tweet, "Details next week". He tagged a huge prize money of $100 million dollars as a motivation factor. The officials are not immediately responding to information requests.  Musk who was co-founder of Internet payments company PayPal and sold it, is now owner of some of leading futuristic companies. Other than Tesla, he heads SpaceX and Neuralink, a startup which is inventing an ultra high bandwidth brain machine which will enable us to connect the human brain to computers.

The newly sworn, 46th president of the United States Joe Biden pledged to address the issue of climate change by keeping the control on carbon emission as the prime objective. He appointed Jennifer Wilcox, an expert in carbon removal technologies as the deputy assistant secretary for fossil fuel energy at the U.S Department of Energy.