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Blog Musk Plans $100M Award for Carbon-Capture Tech



Tesla Chief Executive Elon Musk plans to award $100 million for the “best carbon capture technology.”

Musk announced the plan for the prize Thursday in a tweet, saying more details will come next week. 






Carbon-capture could be an interesting tool to combat climate change. The idea is counter to many methods today that aim to reduce carbon. Carbon-capture actually extracts carbon from the air.

While it’s obviously an interesting idea, there has not been a breakthrough that advances the technology in a significant way.

Musk has dedicated his time and money to reducing carbon emissions. In many ways Tesla has forced the auto industry into an electric future. Tesla’s cars have actually helped save 3.6 million tons of CO2.

It will be interesting to see if Musk’s prize will accelerate carbon-capture tech.

 
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mspohr

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Jul 27, 2014
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The bitter fight to stop a 2,000 mile carbon pipeline

But critics are concerned that CCS is being treated as an easy fix for the climate crisis, especially by polluters who may rely on the technology to avoid strict emissions reductions. In some instances, captured carbon is used for enhanced oil recovery – a technique that uses liquefied CO2 to flush out residual oil – which serves to entrench fossil fuel production rather than replace it. In Iowa, the pipelines – proposed for ethanol and fertilizer plants and any other agricultural facility that emits carbon dioxide – would transport the CO2 to nearby states, such as North Dakota, which have the right kind of rock formations to store the gas
 
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