Elon Musk Announces: I Will Give $ 100 Million To Top Carbon Capture Technology

Elon Musk Announces: I Will Give $ 100 Million To Top Carbon Capture Technology

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Elon Musk, the world's second-richest man with a net fortune of $ 201 billion, made a new announcement via Twitter. Musk announced he would hold a competition and donate $ 100 million to the best carbon capture technology.

Tesla and SpaceX CEO Elon Musk held a competition last year and donated $ 5 million each to the last 5 finalists in the best carbon capture technology.

The famous businessman said he would hold a similar contest again via Twitter, and this time 1 of the finalists. he announced that he would donate exactly $ 100 million to olana. Musk, who has not yet given details about his competition, said he would make a more revealing exchange next week.

Musk has decided to donate his fortune, which he has long thought of

“I'm going to donate $ 100 million to the best carbon capture technology system, " Elon Musk, described as the world's richest person, said via Twitter. Details next week.”

After Tesla shares fell in recent weeks, the famous billionaire again shared on Twitter and asked his followers where he should spend his vast fortune. It seems that Musk has decided to spend his money on technogies that will benefit the world.

What is carbon capture technology?

As a result of the use of fossil fuels, CO2 gas, that is, carbon dioxide, is formed. The gas reflects the Rays back into space, preventing the sun's rays from entering the Earth. In this way, heat is trapped in the atmosphere, triggering global warming.

Waste carbon dioxide released from a factory or facility begins to be stored in order to distinguish its harmful components. This storage, which is an extremely expensive business, also needs advanced technologies. For about the last 20 years, large companies have been trying to find a solution to this, but still the most useful and cost-effective technology has not been found.

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