'Time is of the essence': Elon Musk unveils $100m carbon capture competition

Cecilia Keating
clock • 2 min read

Contest organiser said solutions able to remove one US ton of carbon from the air or ocean daily are eligible to enter the prize, which launches in April

Tesla CEO Elon Musk has launched a new global carbon capture competition that will see the billionaire entrepreneur funnel $100m into innovative projects designed to remove large quantities of CO2 from...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on CCS

UK and Belgium ink agreement to facilitate cross-border CO2 transport and storage
CCS

UK and Belgium ink agreement to facilitate cross-border CO2 transport and storage

New Memorandum of Understanding marks first London Protocol carbon storage agreement UK has reached with another country

Stuart Stone
clock 18 June 2026 • 4 min read
Plans unveiled for Teesside to host 'world's largest' direct air capture plant
CCS

Plans unveiled for Teesside to host 'world's largest' direct air capture plant

Consortium of clean tech groups form Union DAC and announce plans to develop large scale carbon removal plant

clock 11 June 2026 • 2 min read
CCUS industry calls for 'regulatory certainty' on EU and UK carbon market links
CCS

CCUS industry calls for 'regulatory certainty' on EU and UK carbon market links

European carbon capture industry steps up calls for clarity on carbon market and policy framework for EU-UK cross-border projects

Stuart Stone
clock 03 June 2026 • 5 min read