Elon Musk twitted to offer $100 million prize for development of carbon capture technology

Tesla chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to vow a $100 million prize for development of the “best” technology to capture CO₂ emissions.

Capturing planet-warming emissions is becoming a critical a part of many plans to stay global climate change in restraint , but little or no progress has been made on the technology so far , with efforts focused on cutting emissions instead of taking carbon out of the air.

The International Energy Agency said late last year that a pointy rise within the deployment of carbon capture technology was needed if countries are to satisfy net-zero emissions targets.

“Am donating $100M towards a prize for best carbon capture technology,” Musk wrote during a tweet, followed by a second tweet that promised “Details next week.”