Billionaire Elon Musk announces another N39bn donation for a special purpose

Billionaire Elon Musk announces another N39bn donation for a special purpose

- World richest man Elon Musk is set to splash N39bn on the best carbon capture technology

- He seeks to revive the already diverted attention from carbon dioxide capture to emissions-cutting

- Carbon capture technology is concerned with removing greenhouse gas from the atmosphere

PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!

SpaceX figurehead Elon Musk has announced that he will be offering N39 billion to the cause of carbon capture technology advancement.

In a post seen by Legit.ng on Twitter, the billionaire said the purpose of that lump sum donation was to further carbon capture technology research and the star prize of N39 billion will go to whoever will come up with the best carbon capture technology.

"Am donating $100M towards a prize for best carbon capture technology."
Elon Musk announces N39bn for carbon capture technology research
Billionaire Elon Musk announces another N39bn donation for a special purpose Photo Credit: Pool
Source: Getty Images

The offer by Musk made earlier today follows newly inaugurated US President Joe Biden signing of an executive order that will see the US rejoin the Paris Agreement it had quit under his predecessor Donald Trump.

Read also

Osinbajo, Omo-Agege lead stakeholders to Port Harcourt as Niger Delta youths adopt MSMEs

The Paris Agreement, a legally binding global treaty, aimed at drastically reducing global warming to as low as 1.5 degree Celsius in comparison with pre-industrial levels, thus tackling climate change.

Trump had withdrawn the US from the Paris Agreement citing that the US did much of the funding compared to another country.

While no further detail was given as to how the best carbon capture tech will be evaluated or how the process will pan out, with Musk promise of more details in the coming week, this cash donation will definitely rejig research in the stagnant greenhouse gas area.

Before now, the electric-car maverick had a blueprint that will aid in revolutionizing battery technology as well as the development of wind and solar energy.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app

Meanwhile, Legit.ng had earlier reported Elon Musk donated N20 billion to a top international educational outfit to support their cause.

Read also

Meet US-based Ghanaian surgeon building N4bn 'powerful' medical plant in Ghana (see photo)

Musk who returned to the number 1 spot on the world rich list on Tuesday, January 12, gifted the Khan Academy with the whopping sum as a way of supporting their activities.

Khan Academy founder and boss Salman Khan confirmed this development in a YouTube post on Monday.

The scholarly man was full of praise for the electric-car producer and even asked him if "...he is really feeling good about this."

N1,500 for health of Nigerians | Legit TV

Source: Legit

Tags:
Usa
Online view pixel