XPRIZE Carbon Removal Competition 2021 by Elon Musk and the Musk Foundation [Prizes Worth Rs. 10 Cr]: Apply Now!

Applications are invited for the XPRIZE Carbon Removal Competition 2021 by Elon Musk and the Musk Foundation.

About the Competition

XPRIZE Carbon Removal is geared toward tackling the largest menace going through humanity – preventing local weather change and rebalancing Earth’s carbon cycle. Funded by Elon Musk and the Musk Foundation, this $100M competitors is the biggest incentive prize in the historical past, an unprecedented milestone.‎

Background

The local weather math is turning clear that we are going to want gigaton-scale carbon elimination within the coming many years to keep away from the worst results of local weather change. The International Panel on Climate Change (IPCC) estimates the necessity at roughly 10 gigatonnes of internet CO2 elimination per year by the year 2050 intending to maintain international temperature rise underneath 1.5 or 2C. Like governments, corporations, traders, and entrepreneurs make plans to satisfy this problem, it’s clear that we are going to want a spread of carbon elimination options to be confirmed via demonstration and deployment to enrich work that’s already underway. If humanity continues on a business-as-usual path, the worldwide common temperature may improve 6˚(C) by the year 2100.

These four-year international competitors invite innovators and groups from any place on the planet to create and show options that may pull carbon dioxide immediately from the environment or oceans, and sequester it durably and sustainably. To win the grand prize, groups should show a working resolution at a scale of at the very least 1000 tonnes eliminated per year; mannequin their prices at a scale of 1 million tonnes per year; and present a pathway to attaining a scale of gigatonnes per year in future.

Any carbon damaging resolution is eligible: nature-based, direct air seize, oceans, mineralization, or anything that achieves internet damaging emissions, sequesters CO2 durably, and presents a sustainable path to attaining low value at gigatonne scale.

 

Eligibility

To qualify as a student, candidates should:

• Be enrolled in at the very least one course at an academic establishment on the time of software, or present proof of the latest completion of the 2020-2021 tutorial year.
• Not exceed 35 years of age on the time of software.

Student Teams could also be fashioned out of current analysis teams, pupil golf equipment, or they might be independently integrated, offered they meet the eligibility standards listed under.

Student Teams should:

• Be composed of >50% college students enrolled at an academic establishment for the 2021-2022 tutorial year or present proof of the latest completion of the 2020-2021 tutorial year.
• Be led by a pupil who’s enrolled for the 2021-2022 tutorial year.
• Identify an instructional advisor or enterprise chief who will act as a proper mentor to the group.
• Provide a letter of assist from their tutorial establishment. This might come from a school or an administrator.
• Identify the authorized entity to which the award will likely be paid: This stands out as the pupil’s tutorial establishment of a registered personal group. XPRIZE can’t award prize cash to people immediately.
• Example pupil groups may very well be analysis teams or extracurricular pupil teams.

Prize

The $100M prize purse will likely be distributed as follows:

After 1 year of competitors, the judges will evaluate all submissions acquired by that point and award as much as 15 Milestone Prizes of $1 million every. At the discretion of the judges, these awards could also be granted on a conditional foundation, topic to the group’s demonstrated dedication to persevering with to develop and advance their options and to compete for the Grand Prize.

After 4 years, judges will choose the winners:

• $50 million paid to the one Grand Prize Winner
• $30 million to be distributed amongst as many as 3 runners up

XPRIZE can even award as much as US$5M to pupil groups within the Fall of 2021. These awards might fund participation within the XPRIZE Carbon Removal or the event of key supportive applied sciences.

How to Apply?

Interested candidates can apply for the chance via this link.

Contact

Email: [email protected]

For more details, click on the link under.

XPRIZE Carbon Removal Competition 2021

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