Tesla and SpaceX CEO Elon Musk revealed that he will give him an award of $ 100 million who I develop “The best technology to capture carbon dioxide emissions”.
As he told via Twitter, the richest man in the world will offer more details about this unique call “next week.” Although from his responses to his tweet he seems to want to allocate that technology to SpaceX already “rockets with fully renewable energy“Its applications would go much further and could accelerate the emission reduction targets that most countries have announced to fight climate change.
It happens that managing to capture CO2 emissions became one of the biggest challenges for companies that develop technology, and not just for them.
This was Musk’s proposal: “I’m donating a $ 100 million prize for the best carbon capture technology. Details next week”.
The International Energy Agency was one of those that noticed this situation at the end of last year. The problem is that the goal of zero emissions is beginning to be far behind, since it is not being met and that is why he insists that a technology to capture CO2 emissions is necessary.
In fact, most efforts have been aimed at cutting emissions, and not at capturing those emissions from the air.
SpaceX, Musk’s space company. Photo SpaceX via AP
The carbon dioxide problem
As reported this week by the Reuters news agency, global Carbon Capture and Storage (CCS) capacity grew by a third during 2020. But this is not enough to meet global climate goals, said the Global CCS Institute.
Globally, there were 26 facilities in operation capable of capturing around 40 million tons of carbon dioxide per year. This harvesting is related to the use of CO2 for enhanced oil recovery, a report on the technology rollout showed.
Thus, by 2020, capacity was increased to more than 110 million tons per year, including projects under construction and development. In 2019, the figure stood at 85 million tons.