'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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on CCS

Encyclis secures green light for waste-to-energy CCS project in Bedfordshire
CCS

Encyclis secures green light for waste-to-energy CCS project in Bedfordshire

Rookery South Energy Recovery Facility set to be the second Encyclis facility in the UK fitted with carbon capture

Amber Rolt
clock 22 December 2025 • 2 min read
Stop waiting for silver bullets: How the UK can be a world leader in carbon removals
CCS

Stop waiting for silver bullets: How the UK can be a world leader in carbon removals

The UK already has the engineering capability, storage geology, industrial clusters and technical expertise to lead in carbon removal, writes Enfinium's Karl Smyth

Karl Smyth, Enfinium
clock 22 December 2025 • 5 min read
Reports: Drax to axe more than half its CCS workforce
CCS

Reports: Drax to axe more than half its CCS workforce

Reported loss of around 100 jobs to affect staff at both the main Drax Group and its Elimini carbon capture business in the UK and America

Stuart Stone
Stuart Stone
clock 15 December 2025 • 5 min read