Elon Musk awards US $ 100 million prize to best carbon capture technology entrepreneur tweetedand added that he will release details on this next week.
“I donate $ 100 million for a prize for the best carbon capture technology,” Tesla’s CEO wrote on Twitter on Thursday.
A donation could be part of a prize awarded to the Xprize Foundation, a non-profit organization that awards technology that is changing the industry for a better, safer and more sustainable world, said a person with knowledge of the plan told TechCrunch.
The carbon emissions of the energy infrastructure, the reduction of greenhouse gas (GHG) emissions in heavy industries, and the production of low-carbon hydrogen will be virtually impossible without carbon capture, utilization and storage (CCUS), the International Energy Agency ( IEA)) said in a report last year.
“Reaching net zero would be virtually impossible without CCUS,” says the International Energy Agency (IEA).
Enhanced climate goals and increased government support have created new momentum for CCUS in recent years to become a large-scale, cost-effective solution to reduce emissions in many carbon-intensive industries.
The carbon capture concept and related technologies have been around for years. But the fight against climate change has prompted governments, large oil and gas companies and scientists to pay more and more attention to the idea that carbon emissions from industrial emissions or directly from the air could be a way to reduce oil and gas emissions. reduce gas operations, as well as emissions that are difficult to reduce in industrial processes such as steel, chemicals or cement production.
CCUS is becoming increasingly popular among governments as they try to “rebuild greener” after the pandemic. It is also becoming popular among some of the largest oil companies. It seems that everyone in the oil and gas sector and other heavy industries is now taking carbon capture seriously and working on related technologies, while governments are supporting such technologies because environmentally conscious investors and the general public will no longer have green laundry and will take decisive action.
By Tsvetana Paraskova for Oilprice.com
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