Tesla Inc boss and billionaire entrepreneur Elon Musk is providing a $100 million prize in a four-year international competitors to discover a approach of decreasing carbon dioxide from the Earth’s ambiance.
Musk, who additionally heads rocket firm SpaceX, had first tweeted concerning the prize in January and had mentioned he would disclose particulars of the competitors at a later date.
“This isn’t a theoretical competitors; we would like groups that may construct actual techniques that may make a measurable influence and scale to a gigaton stage,” Musk mentioned in a press release on Monday.
Full pointers shall be introduced on April 22 and the competitors will final for 4 years by Earth Day, 2025, XPrize, which organized the competitors, mentioned on Monday.
Eighteen months into the competitors, the highest 15 groups will obtain $1 million whereas twenty-five $200,000 pupil scholarships will even be distributed to the competing pupil groups.
Following that, the grand prize winner will get $50 million, whereas the second place holder will get $20 million and $10 million will go to the third place holder, the California-based non-profit group mentioned.
To win the competitors, the groups would have “to create and exhibit an answer that may pull carbon dioxide immediately from the ambiance or oceans and lock it away completely in an environmentally benign approach,” XPrize added.
