$100M Gigaton Scale Carbon Removal
XPRIZE Carbon Removal is aimed at tackling the biggest threat facing humanity — fighting climate change and rebalancing Earth’s carbon cycle. Funded by Elon Musk and the Musk Foundation, this $100M competition is the largest incentive prize in history, an extraordinary milestone.
Truly Meaningful Impact
The world's leading scientists estimate that we may need to remove as much as 6 gigatons of CO2 per year by 2030, and 10 gigatons per year by 2050 to avoid the worst effects of climate change. For humanity to reach the Paris Agreements goal of limiting the Earth’s temperature rise to no more than 1.5˚(C) of pre-industrial levels, or even 2˚(C), we need bold, radical tech innovation and scale up that goes beyond limiting CO2 emissions, but actually removes CO2 already in the air and oceans. If humanity continues on a business-as-usual path, the global average temperature could increase 6˚(C) by the year 2100.
This four-year global competition invites innovators and teams from anywhere on the planet to create and demonstrate solutions that can pull carbon dioxide directly from the atmosphere or oceans ultimately scaling massively to gigaton levels, locking away CO2 permanently in an environmentally benign way.
Solutions will be scientifically evaluated across multiple criteria such as; amount of CO2 removed, life cycle analysis of the removal process, energy efficiency, land footprint and sequestration capabilities.
Any carbon negative solution is eligible: nature-based, direct air capture, oceans, mineralization, or anything else that sequesters CO2 permanently.
How to Register
How to Win
A working carbon removal prototype that can be rigorously validated and capable of removing at least 1 ton per day.
The team’s ability to demonstrate to the judges that their solution can economically scale to the gigaton level.
The main metric for this competition is fully considered cost per ton, inclusive of whatever considerations are necessary for environmental benefit, permanence, any value-added products; and
The final criteria is the length of time that the removed carbon is locked up for. A minimum goal of 100 years is desired.
Grand Prize Winner (1st Place): $50M
2nd Place: $20M
3rd Place: $10M
WE WANT TEAMS TO BUILD REAL SYSTEMS THAT CAN MAKE A MEASURABLE IMPACT AT A GIGATON LEVEL. WHATEVER IT TAKES. TIME IS OF THE ESSENCE.
Co-founder and CEO of Tesla, SpaceX, Neuralink and The Boring Company
WE HOPE TO PUSH THIS CRITICAL FIELD FORWARD IN THE SAME WAY THAT THE ANSARI XPRIZE MOVED COMMERCIAL SPACEFLIGHT.
Peter H. Diamandis, MD
Founder and Executive Chairman, XPRIZE
IT'S NOT TOO LATE TO USE HUMAN CREATIVITY, INNOVATION, AND COMPETITION TO REWRITE OUR HISTORY AND CREATE A BETTER FUTURE FOR ALL OF US ON THIS PLANET WE CALL HOME.
CEO of XPRIZE