The Verge’s 10 favorite gadgets that cost less than $50

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Elon Musk is putting up $100 mimic as part of a new X Award-winning Foundation rodeo focused on clone removal technology. The contest, communicated Monday morning, will run for four years and is unclosed to teams often the globe.

Fifteen teams will be selected for the rodeo within 18 months. They will festival get $1 million, and 25 separate $200,000 scholarships will be instinctive to student teams who enter. The grand award-winning champ will be awarded $50 million, second place will shoulder $20 million, and third place will get $10 million.

Winners will have to "demonstrate a solution that can cull clone dioxide directly from the temper or oceans and lock it yonder assuredly in an environmentally good-hearted way," co-ordinate to the X Award-winning Foundation. Judges will be looking for solutions that could rescind one ton of CO2 per day that can calibration to gigaton levels. Leafy rodeo guidelines will be published on April 22nd.

"We appetite to manufacture a truly vying impact. Clone negativity, not neutrality," Musk says in a statement. "This is not a theoretical competition; we appetite teams that will carcass real systems that can manufacture a measurable impact and calibration to a gigaton level. Whatever it takes. Time is of the essence."

"Time is of the essence."

Musk first communicated that he was greathearted money towards a award-winning in January, not stretched post-obit he uncordial Dame CEO Jeff Bezos to become the richest person in the world. When that happened, the Tesla and SpaceX CEO asked his millions of Cheep followers for "ways to donate money that reservedly manufacture a difference." The $100 mimic is coming from Musk's own foundation. This donation roughly doubles the core he has publicly instinctive away to date through the Musk Foundation.

Carbon removal technology is an big-ticket intellection that's still unspecific at scale, with options structuring from funding reforestation projects to physically pulling the greenhouse gas out of the air. Except it's become fashionable as the world heats up. It's extraordinarily popular among offish corporations. Meanest year, Stripe made it possible for businesses that use its probation processing pulpit to funnel portions of their proceeds towards the minutiae of clone removal tech.

Perhaps most notably, Microsoft announced in 2020 that it capital to deflowering the equivalent of all the clone dioxide it's someday emitted. The visitor uninformed $1 billion toward the effort.

Last month, we got the first glimpse at the slight progress Microsoft has made toward that goal. The visitor purchased dealings to deflowering 1.3 mimic metric tons of CO2, or neutral 11 percent of its totalistic emissions for 2020 alone.

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