Tesla chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for improvement of the “best” technological know-how to seize carbon dioxide emissions.

Capturing world-warming emissions is becoming a essential part of many designs to hold local climate transform in check out, but really little progress has been built on the technological innovation to day, with endeavours focused on chopping emissions rather than taking carbon out of the air.

The Global Strength Company mentioned late last yr that a sharp increase in the deployment of carbon seize technological know-how was desired if nations are to fulfill internet-zero emissions targets.

“Am donating $100M towards a prize for finest carbon capture engineering,” Musk wrote in a tweet, adopted by a second tweet that promised “Details upcoming week.”

Tesla officials did not instantly react to a ask for for more information.

Musk, who co-started and bought Online payments organization PayPal Holdings Inc, now prospects some of the most futuristic businesses in the earth.

Aside from Tesla, he heads rocket business SpaceX and Neuralink, a startup that is developing extremely-superior bandwidth brain-machine interfaces to hook up the human brain to pcs.

Recently-sworn-in U.S. President Joe Biden has pledged to speed up the enhancement of carbon capture technological know-how as element of his sweeping program to tackle weather modify. On Thursday, he named Jennifer Wilcox, an expert in carbon elimination systems, as the principal deputy assistant secretary for fossil power at the U.S. Section of Power.