XPrize Foundation to Award $100M for Climate Change Solutions

Earth Day 2021 will herald the beginning of the most ambitious XPrize yet, and this time, the target is climate change. The XPrize Foundation was founded in 1994 with the mission to explore new frontiers, unleash human potential, and secure a healthy planet. This year’s contest is no exception. Elon Musk and the Musk Foundation have offered $100M, the largest incentive in XPrize history, for the teams demonstrating the most effective carbon dioxide removal (CDR) strategies. The $100M will be split across multiple prizes: three top prizes of $50M, $20M, and $10M, followed by 15 prizes of $1M each, as well as 25 scholarships for $200,000. Carbon ...