Ideas for reducing greenhouse gas in the atmosphere are getting a funding boost from famed entrepreneur Elon Musk.
FILE - Tesla CEO Elon Musk, left, shakes hands with XPRIZE founder and Executive Chairman Peter Diamandis during an XPRIZE presentation event in Los Angeles, May 15, 2019. From algae farming to producing a sort of artificial limestone, ideas for reducing greenhouse gas in the atmosphere are getting a funding boost from famed entrepreneur Musk.
“What we’ve said is you haven’t given us a million bucks; what you’ve done is catalyzed investment in this technology,” said Mike Kelland, CEO of Planetary Technologies, a milestone winner that seeks to increase the ocean's ability to absorb carbon dioxide by controlling the rising acidity of seawater.The milestone winners aren't necessarily ahead or favored for the $80 million in final prize money that will be awarded in three years. Until Dec.
XPRIZE announced $5 million in carbon removal project awards to university student teams last fall. The milestone winners announced Friday propose a variety of ways to remove carbon dioxide through artificial means and by helping nature do much of the work herself.Planetary Technologies isn't looking up into the sky but down in the ocean to reduce atmospheric carbon dioxide.
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