Elon Musk is offering $ 100 million if someone invents carbon storage technology

Tesla boss Elon Musk has a new idea: He wants to give away 100 million in a competition for a technology for CO2 storage.

His announcement caused a stir on Twitter.

Austin -

Elon Musk

never seems to be quiet

.

At regular intervals, the 49-year-old makes speeches with bizarre ideas and polarizes with his style. Most recently, the native South African made it to number one in the ranking of the 500 richest people in the world (* FR reported) - and thus Amazon founder Jeff Bezos overthrown from his throne.

At the same time, the

multi-billionaire

said

in a podcast that he wanted to get rid of all his material possessions * and leave California to move to Austin, Texas.

In a

tweet

Elon

Musk

wrote

: “I don't need the money.

I dedicate myself to Mars and Earth ”.

Now the

Tesla

boss, whose fortune is

estimated at $ 188.5 billion

according to a report by

spiegel.de,

would like to

give away a large amount of his money.

Musk announced on Thursday that he was running a

competition

to find

a

technology

that

reduces CO2

.

The winner will receive

$ 100 million

.

Elon Musk's CO2 competition: fans enjoy themselves

In a typically concise manner,

Elon Musk announced

his plan on his Twitter profile.

Within hours, the

tweet

was shared several thousand times - the response from his fans was great.

Many found the tech giant's plan amusing, while others made constructive suggestions.

"We should definitely plant more trees," wrote a Twitter user.

Many more joined him.

Another user suggested so-called zeolites for

reducing

of

CO2

to be used.

Am donating $ 100M towards a prize for best carbon capture technology

- Elon Musk (@elonmusk) January 21, 2021

At

Elon

Musks

planned competition it should to

CO2 storage

go.

The carbon dioxide is collected and stored.

Similar models already exist.

Norway had presented a plan based on this

technology

around 2020

.

Like the

ZDF

reported the Norwegian Parliament has decided on the design of

CO2

-

storage

to work under the North Sea.

The country wants to

collect

CO2 emissions

from industry and store them under the North Sea.

In this way, global warming should be slowed down or even stopped.

CO2 storage: technology is often expensive

There are also attempts around the world to

convert

CO2

into other substances, such as coal, so that they can be reused.

According to

reset.org,

there are also approaches to filter CO2 from the air in order to then use it as fertilizer for the agricultural industry.

But that is expensive: the removal of a ton of

carbon dioxide

from the air costs between 600 and 1,000 euros, according to a report by

deutschlandfunk.de

.

It

is still unclear

who is allowed to participate and what criteria there are in

Elon Musk's

competition

.

In addition,

Musk

hastily

added

in another

tweet

: "Details next week".

So it will be interesting to see what the innovative founder is still up to.

* FR

is part of the nationwide Ippen-Digital editors network.