XPRIZE has chosen Creative Destruction Lab (CDL) as its strategic partner for the $100 million Carbon Removal prize, funded by the Musk Foundation. This competition has sparked a new carbon dioxide removal (CDR) industry, with over 1,300 global teams, half formed specifically for this challenge. Teams must remove 1,000 net tonnes of CO2 in the final year, aiming for gigatonne scale by 2050.
Anousheh Ansari, CEO of XPRIZE, emphasized the partnership’s potential to foster groundbreaking carbon removal solutions. CDL’s global streams will integrate these efforts as XPRIZE-CDL Carbon Removal ventures.
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