Carbon dioxide emissions from the burning of
fossil fuels have long been recognized as one of the major drivers of
climate change. A new competition is offering $20 million in total prize
money to teams that can find ways to turn those carbon emissions into
something useful, instead of treating them as pure waste.
The NRG COSIA Carbon XPrize,
announced Tuesday, aims to accelerate the development and real-world
adoption of new and emerging CO2 conversion technologies. The prize is
being funded by U.S.-based energy company NRG Energy and Canada's Oil
Sands Innovation Alliance (COSIA), an industry group.
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Source: NBC News
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