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Xprize has announced the $100 million Xprize Carbon Removal competition, which is sponsored by Elon Musk and the Musk Foundation. Xprize has announced the $100 million Xprize Carbon Removal competition, which is sponsored by Elon Musk and the Musk Foundation. The four-year contest invites innovators and teams from anywhere on the planet to create and demonstrate a solution that can pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently in an “environmentally benign way”, Xprize’s website notes. To win the competition, teams must demonstrate a rigorous, validated scale model of their solution at a level of carbon removal of 1 ton of CO2 per day, and further must demonstrate to a team of judges the ability of their solution to economically scale to gigaton levels, Xprize states. The objective of the competition is to inspire and help scale efficient solutions to collectively achieve a 10 gigaton per year carbon removal target by 2050, according

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