Elon Musk is at it again. This time attacking the carbon removal challenge by creating a $100 million prize for innovation in carbon capture, storage, and sequestration.

A $100 Million Prize for Carbon Removal?

Of course, there are limitations on the types of projects in order to challenge innovators to demonstrate the viability of durable,
low-cost, scalable, and sustainable carbon removal solutions

The in-scope solutions include:
- Air: direct air capture (DAC) plus sequestration.
- Oceans: algae, kelp, plankton, ocean alkalinity enhancement, or other methods of removing CO2 from the epipelagic sunlight zone (the uppermost, or surface, ocean layer) and sequestering it durably.
- Land: Trees, agricultural solutions, soils, soil microbes and fungi, roots, grasslands, large-scale outdoor natural ecosystem solutions, biochar, etc
- Rocks: Mineralization, enhanced weathering, mine tailings, subsurface geologic sequestration combined with CO2 removal from the air and/or the ocean, etc.

Inside this Issue

✅ Over 40 Carbon Capture Projects Announced in Europe
🤠 TxDoT Estimates Texas Accounts for 0.48% of Global Emissions
💨 Carbon Confused? Carbon-positive, Carbon-neutral, or Carbon-negative
💸 $100M Prize for Carbon Removal
💰 Is Venture Capital or Project Finance Key to Solving Climate Challenge?
💵 80+ Venture Firms Investing in Climate Tech