Tesla CEO Elon Musk is offering inventors $100 million in prize money to develop ways to fight global warming by removing carbon dioxide from the atmosphere or ocean.
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"Right now we've only got one planet," said Musk, CEO of electric carmaker Tesla Inc. "Even a 0.1% chance of disaster -- why run that risk? That's crazy!"
Musk's $100 million XPRIZE Carbon Removal is aimed at finding a viable solution for taking 1,000 tons out of the atmosphere annually, with potential to scale up dramatically.
Contenders must have a plan to sequester carbon for at least 100 years. Organizers said they will get feedback by mid-May and turn guidelines into rules.
