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Tesla CEO Elon Musk has announced that he will donate $ 100 million as a reward for best carbon capture technology.
Carbon capture
Carbon capture, also known as ‘carbon capture and storage’ (CCS), is what people call processes that involve capturing carbon dioxide (CO2) at the emission source and sequestering it so that it can be captured. it does not leak in the air.
It also sometimes involves technologies to be used for carbon for other purposes.
The concept has been suggested as a potential solution to slow climate change by reducing the amount of carbon dioxide emitted into the atmosphere or even reversing it in the future.
However, current carbon capture technologies have often proven to be inefficient and increase the cost of power generation, making it uncompetitive without a carbon price.
Elon Musk gets involved
Tesla CEO Elon Musk announced a plan to encourage the development of carbon capture technology by offering a $ 100 million prize for “best carbon capture”:
He didn’t reveal more about how the prize was going to be distributed, but said more information would be released next week.
How does this play out in Tesla’s plan
Musk has previously said that Tesla’s mission is to accelerate the advent of electric transportation and renewable energy to combat climate change.
At a conference on the sidelines of the Paris Agreement, the CEO of Tesla described the release of large amounts of carbon dioxide into the atmosphere as “the dumbest experiment in history”.
He explained that due to the finite nature of fossil fuels, we as humanity will eventually have to switch to renewables.
Therefore, it is “dumb” not to want to make the transition as fast as possible if we do not know the extent of the consequences of changing the content of the atmosphere, and the worst case scenarios are quite devastating.
Musk said:
“The worst case scenario, however, is more displacement and destruction than all wars in history combined. These are the best / worst scenarios. Then, about 3% of scientists believe in the best of cases. About 97% who believe in the worst case scenario. That’s why I call it the dumbest experience in history. Why would you want to do this? “
Tesla’s mission is to accelerate the transition in an attempt to avoid the worst-case scenario, but if necessary, carbon capture could be essential in limiting or reversing the impact of this “stupid science experiment”.
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