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Is Elon Musk donating $100 Million for carbon capture technology?

World’s richest man, Elon Musk, has just announced a hefty sum of $100 Million for any individual who can provide the Best carbon capture technology ever invented. Being the CEO of rapidly growing Tesla and SpaceX, Splurging so much money by Elon doesn’t come as a surprise to many.

Announcing the donation on Twitter, Musk Tweeted,”[I’m] donating $100M towards a prize for best carbon capture technology.” Further details of Musk’s new venture isn’t around yet, but we should have a clearer picture at the end of “next week.” Carbon capture consists of a mix of various technologies that focuses on compressing Carbon Di Oxide and refining it, so the level of CO2 doesn’t escalate further into the atmosphere. Musk is well known for providing an efficient solution to humanity’s global problems, and carbon capture technology is just another example to strengthen the statement further.

This competition will be Elon’s Single largest donation ever made. Stay tuned till next week for further details related to Carbon Capture technology.

 

 

 

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