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XPRIZE Carbon Removal

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John Benson's picture
Senior Consultant Microgrid Labs

PROFESSIONAL EXPERIENCE: Microgrid Labs, Inc. Advisor: 2014 to Present Developed product plans, conceptual and preliminary designs for projects, performed industry surveys and developed...

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  • Apr 29, 2021
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First I must say I have no interest in competing in the title contest. I’m perfectly happy in my present occupation. However, I do feel like this is a very worthy endeavor.

XPRIZE officially launched the $100 Million XPRIZE Carbon Removal competition. In honor of the launch, XPRIZE founder Peter H. Diamandis sat down with Elon Musk, who is funding the competition through the Musk Foundation.

I would ask my readers, and fellow Energy Central contributors to forward this post to anyone that they believe might be interested in this competition.

Also, I have written frequently on this subject, and will reference my most recent and important posts in this brief paper.

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Thank John for the Post!
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Matt Chester's picture
Matt Chester on Apr 29, 2021

I'm optimistic to see where this all might go-- no matter how much we steer into the clean energy sources today, there seems to be every probability that carbon capture will be needed on existing fossil generation and other uses to fill the gap towards carbon neutrality. If there's a moonshot that seems most promising at changing the sector, I think this might be it. 

John Benson's picture
John Benson on May 3, 2021

Agreed:

I'm currently working on a post for early June that covers this subject. It ends up being all about the economics. With California's Cap and Trade System (this post focuses on California) in a decade or two the cost of emitting greenhouse gas will be very high. Thus there will end up being a choice between paying a lot for GHG emission. or perhaps paying a bit less for offsets via negative GHG emissions technology. The third choice is paying for technology to reduce GHG emissions. Many systems are already in place (in California) to make enforcement and these choices happen, and I'm optimistic that we will reach net zero before 2045 (our goal).

-John

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