Elon Musk $ 100 million to enter a new X Prize Foundation competition to develop carbon neutral technologies the edge. He is the richest man in the world Already in January, Twitter announced its plan, but the details are just becoming known.
The competition is open to all parts of the world and the program lasts for four years. After 18 months, 15 finalists will be selected, with the projects winning $ 1-1 million. Additionally, $ 200,000 in support will be provided to 25 teams made up of students.
The contest winner will get $ 50 million, the runner-up $ 20 million and the third place prize $ 10 million at the end of the contest.
Participants will have to develop technology that can extract carbon dioxide directly from the atmosphere or ocean and store the extracted materials in a durable and environmentally friendly way. The X Prize Foundation is looking for solutions that can absorb at least one tonne of carbon dioxide per day and can be increased to a gigaton. You are expected to get more details about the competition by April 2021.
According to Musk, they expect systems that are not theoretical, but are also applicable in real life. Carbon capture technologies are still expensive, but many experts believe the method can be used to combat climate change effectively.
“Friendly thinker. Wannabe social media geek. Extreme student. Total troublemaker. Web evangelist. Tv advocate.”
You may also like
How can artificial intelligence be used in the economy? – That’s what they’re looking for on Corvinus
Photo taken in Praktiker’s parking lot in Újpest, which goes viral on Facebook
Index – Economy – Robots only work at Pizza Hut in Tel Aviv
This truck can handle up to 180 tons
iOS 16.4 can be installed, and the 16.5 beta has started