Elon Musk to offer $100M prize for best carbon capture tech

Tesla Inc. chief and billionaire entrepreneur Elon Musk took to Twitter on Thursday to promise a $100 million US prize for development of the "best" technology to capture carbon dioxide emissions.

Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.

The International Energy Agency said late last year that a sharp rise in the deployment of carbon capture technology was needed if countries are to meet net-zero emissions targets.

"Am donating $100M towards a prize for best carbon capture technology," Musk wrote in a tweet, followed by a second tweet that promised "Details next week."

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Tesla officials did not immediately respond to a request for additional information.

Musk, who co-founded and sold internet payments company PayPal, now leads some of the most futuristic companies in the world.

Besides Tesla, he heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.

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Key pointers from the TOC of the Water Infrastructure Measurement & Control market report:

Product gamut

Product range:
Applied water and Waste water
Estimated growth rate of the product categories over the forecast period.
Net revenue and overall market share held by each product segment.
Application scope

Application terrain:
Public Facility
Industrial and Residential Building
Market share as well as product demand share held by each application segment.
Predicted growth rate of the listed application types.
Regional outlook

Regional fragmentation: North America, Asia-Pacific, Europe, South America, Middle East & Africa
Figures reflecting the sales and revenue netted by each geography.
Predicted growth rate of each region during the study period.
Competitive landscape

Leading organizations:
Danaher Corporation
Xylem
Neptune Technology
Badger Meter
Mueller Water Products
Landis+Gyr
Elster
Itron
Hach and Teledyne
Holistic profile of each player, inclusive of product offerings with detailed specifications and top applications.
Documentation of manufacturing costs, pricing models, and revenue share of each organization.
Latest developments including mergers, expansion proposals, acquisitions, and other strategic alliances.
In conclusion, the Water Infrastructure Measurement & Control market report methodically analyzes this business sphere through a multitude of segments. Moreover, it explicates the supply chain in terms of distributors, equipment traders, raw materials, and consumers in this industry.

Strategic Key Insights of the Water Infrastructure Measurement & Control Report:

Production Analysis – Production of the Patient Handling Equipment is analyzed with respect to different regions, types and applications. Here, price analysis of various Water Infrastructure Measurement & Control Market key players is also covered.
Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Water Infrastructure Measurement & Control Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
Supply and Consumption – In continuation of sales, this section studies supply and consumption for the Water Infrastructure Measurement & Control Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.