The CEO and founder of Tesla Motors, Elon Musk, as you may know, is firmly against pollution and carbon emission in the environment. Tesla promotes and makes electric cars to reduce carbon emissions from gas-based vehicles. Its subsidiary SolarCity, on the other hand, focuses on building solar-power tech. That gives us a pretty clear idea of Musk’s mission. So now, Musk announced that he will offer a $100 million prize to any individual, group, or organization that comes up with the best carbon-capture technology.

Am donating $100M towards a prize for best carbon capture technology

Now, carbon-capture tech is not new in the market. Many machines based on carbon capture tech are currently in use at many points around the world where there is high carbon-emission such as near a manufacturing plant burning fossil fuels. As you can guess, these machines trap carbon dioxide, one of the primary greenhouse gases, before it goes into the environment. They recycle the gas and use it in a productive way.