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class='ctsa__topArtInner'><a href='/innovation/mammoth-carbon-capture' class='cts__art'> <div class='cts__artImgCont'> <img alt='Large Carbon Capture Plants Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/482/482285/482285_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Large Carbon Capture Plants </div> </div> </a><a href='/innovation/carbon-america' class='cts__art'> <div class='cts__artImgCont'> <img alt='Accelerated Carbon Capture Initiatives Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/468/468899/468899_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Accelerated Carbon Capture Initiatives </div> </div> </a><a href='/innovation/air-capture-plant' class='cts__art'> <div class='cts__artImgCont'> <img alt='Futuristic Air Capture Plants Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/381/381760/381760_1_230.jpeg?auto=webp' loading='lazy' 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<img alt='Climate-Positive Subscription Services Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/464/464877/464877_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Climate-Positive Subscription Services </div> </div> </a><a href='/innovation/orca' class='cts__art'> <div class='cts__artImgCont'> <img alt='Climate-Positive Air Capture Plants Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/460/460139/460139_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Climate-Positive Air Capture Plants </div> </div> </a><a href='/innovation/electric-car-prototype' class='cts__art'> <div class='cts__artImgCont'> <img alt='CO2-Capturing Electric Car Prototypes Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/484/484028/484028_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> CO2-Capturing Electric Car Prototypes </div> </div> </a><a href='/innovation/capture-carbon' class='cts__art'> <div class='cts__artImgCont'> <img alt='Modular Carbon-Capturing Filters Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/285/285743/285743_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Modular Carbon-Capturing Filters </div> </div> </a><a href='/innovation/equatic' class='cts__art'> <div class='cts__artImgCont'> <img alt='Carbon-Capturing Hydrogen Fuel Plants Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/507/507310/507310_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Carbon-Capturing Hydrogen Fuel Plants </div> </div> </a><a href='/innovation/carbon-negative' class='cts__art'> <div class='cts__artImgCont'> <img alt='Carbon Negative Tech Companies Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/432/432970/432970_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div 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src='https://cdn.trendhunterstatic.com/phpthumbnails/318/318859/318859_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Carbon-Reducing Crowdfunding Platforms </div> </div> </a><a href='/innovation/celour' class='cts__art'> <div class='cts__artImgCont'> <img alt='Carbon-Capturing Paints Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/457/457746/457746_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Carbon-Capturing Paints </div> </div> </a><a href='/innovation/ebb-carbon' class='cts__art'> <div class='cts__artImgCont'> <img alt='Oceanic Carbon Reducing Initiatives Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/467/467178/467178_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Oceanic Carbon Reducing Initiatives </div> </div> </a><a href='/innovation/ocean-seaweed-farming' class='cts__art'> <div class='cts__artImgCont'> <img alt='Climate Change-Combatting Seaweed Farms Article Thubnail' src='https://cdn.trendhunterstatic.com/phpthumbnails/499/499189/499189_1_230.jpeg?auto=webp' loading='lazy' class='cts__artImg'/> <div class='cts__artText'> Climate Change-Combatting Seaweed Farms </div> </div> </a></div> <div class='ctsa__topArtBtnCont ctsa__topArtBtnCont--next'> <label class='ctsa__topArtBtnLbl'>Next<Br/>Set of Related Innovations</label> <button type='button' class='cts__btn cts__btn--small ctsa__topArtBtn ctsa__topArtBtn--next' aria-label='Hot Bar Next Set'> <span class='material-symbols-outlined'>arrow_forward</span> </button> </div> </div> <div class='ctsa__articleInner'> <div class='ctsa__articleLeft'> <div class='ctsa__gallery'> <div class='ctsa__imgCont'> <img alt='Carbon Removal Competitions Main Gallery Image' src='https://cdn.trendhunterstatic.com/thumbs/446/carbon-capture-technologies.jpeg?auto=webp' class='ctsa__img' /> </div> <div class='ctsa__gControls'> <button type='button' class='ctsa__gBtn ctsa__gBtn--next' aria-label='Gallery Next'></button> <button type='button' class='ctsa__gBtn ctsa__gBtn--prev' aria-label='Gallery Previous'></button> </div> </div> <h2 class='ctsa__h2'>Elon Musk is Donating $100 Million for New Carbon Capture Technologies</h2> <a rel='author' class='ctsa__author' href='https://www.trendhunter.com/Grace.Mahas'>Grace Mahas — February 8, 2021</a> <div class='ctsa__refs'>References: <a target=_blank href='https://techcrunch.com/2021/02/08/heres-how-elon-musks-100-million-xprize-competition-for-carbon-removal-will-work/?guccounter=1' class='ctsa__ref' rel='nofollow noreferrer'>techcrunch</a> & <a target=_blank href='https://www.xprize.org/' class='ctsa__ref' rel='nofollow noreferrer'>xprize.org</a></div> <div class='ctsa__body'> <div class='ctsa__au2'><a href='/a-path-to-a-cleaner-sky' class='cts__banner cts__banner--square'> <div class='cts__bannerIconCont'> <img width=80 height=60 alt='Solving global warming takes more than just trees Icon' loading='lazy' src='https://cdn.trendhunterstatic.com/cts/icons/clean-the-sky-more-than-trees-icon8.svg' class='cts__bannerIcon' /> </div> <div class='cts__bannerT1'>Solving global warming takes more than just trees</div> </a></div> <p class='cts__p'>Telsa founder Elon Musk recently announced that he will donate $100 million to the Xprize Foundation, an organization that focuses on carbon removal technologies. Together, the pair are teaming up for a new competition with the entire $100 million being offered for prize money.</p><p class='cts__p'>The Xprize competition is in search of solutions that can “pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently in an environmentally benign way.” This means the extraction methods must also have a net negative effect. </p><p class='cts__p'>The competition will have 15 finalists, each being awarded $1 million, as well as three top winners, with $50 million to the Grand Prize victor, and $20 million and $10 million respectively for second and third place. The competition also offers 25 $250,000 scholarships for student team entrants.</p><p class='cts__p'>Image Credit: Shutterstock </div> </div> <aside class='ctsa__right'> <a href='/a-path-to-a-cleaner-sky' class='ctsa__au1'><img loading='lazy' src='https://cdn.trendhunterstatic.com/cts/assets/a-path-to-a-cleaner-sky.jpg' width=300 height=300 alt='Clean the Sky Framework Image' class='ctsa__au1Img'/></a> <nav class='ctsa__navRight'> <h3 class='ctsa__navRightHeader'>Clean the Sky</h3> <div class='ctsa__navRightInner'> <a href='/' class='ctsa__navItem'> <span class='material-symbols-outlined ctsa__navItemIcon'>cloud</span> <label class='ctsa__navItemLbl'>Positive Eco Trends</label> </a> <a href='/a-path-to-a-cleaner-sky' class='ctsa__navItem'> <span class='material-symbols-outlined ctsa__navItemIcon'>clear_day</span> <label class='ctsa__navItemLbl'>A Path to a Cleaner Sky</label> </a> <a href='/about' class='ctsa__navItem'> <span class='material-symbols-outlined 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