Elon Musk is donating $100 million toward efforts to find the best way to capture carbon emissions.

As climate change begins to take a toll, many are turning to efforts to capture and safely store carbon dioxide (CO2) as a solution. In fact, this is naturally occurring phenomenon, with CO2 deposits safely stored in rock formations around the globe.

There are additional advantages to carbon capture and storage (CCS), including the cost and removal of additional pollutants. According to Earth Institute, Columbia University, “the technology also reduces pollutants like sulfur oxides, nitrogen oxide, and particulates. And the best part is that it costs only $40 for per tonne of CO2.”

With President Biden recommitting the US to the Paris Agreement, CCS could be an important step toward bringing carbon emissions within the target levels. Elon Musk is willing to put his own money toward helping find the best way achieve wide scale CCS.

Details next week

— Elon Musk (@elonmusk) January 21, 2021

We will be monitoring this story and provide updates as those details become available.