Musk tweeted $100M prize for best carbon capture technology

carbon capture technology

On Thursday, Elon Musk promised a large prize for designing effective carbon capture technology. His promise resonates with Biden’s commitment to increase federal investments and tax incentives for developing the technology.

 

Carbon Capture Technology & Biden’s Presidential Campaign

The carbon capture technology could play a major role climate change campaign of President Joe Biden’s plans.

 

Elon Musk recently asked for tips on where to donate his wealth, of which he has promised to give half, so he decided to encourage a contest for more innovative carbon-capture technologies with a promise of donating $100 million towards a prize.

Elon Musk Tweet

Details about it will be out next week, Elon Musk, who is the CEO of Tesla and SpaceX, has passed the Amazon CEO Bezos as the world’s richest person. Elon Musk’s net worth of 2021 is $188 billion, according to forbes. Recently, Musk asked his Twitter followers for advice on how to best give away his money.

 

“Critical feedback is always super appreciated, as well as ways to donate money that really make a difference (way harder than it seems),” Musk tweeted earlier this month.

 

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