DeSmog

British airline tycoon pledges $25 million to spur research aimed at winning greenhouse-gas battle

authordefault
on

Sir Richard Branson, chair of the $7.2 billion US London-based Virgin Group of companies, said the contest – called the Virgin Earth Challenge, will utilize a panel of judges including Branson and Gore evaluating submissions.

The goal is to find a way of removing one billion tonnes of carbon gases a year from the atmosphere for 10 years. The winner will receive $5 million US up front and the remaining $20 million after the 10-year time frame. If no winner is identified after five years the judges may decide to extend the competition.

“The Earth cannot wait 60 years. We need everybody capable of discovering an answer to put their minds to it today,” Branson said.

The announcement comes a week after an Intergovernmental Panel on Climate Change report from the world’s top scientists predicted global temperatures would increase by between 1.8 and four degrees this century. The report said it was very likely these rises in temperature were due to human activities such as the burning of fossil fuels.

Related Posts

on

Sarah Jones ran a fundraising event with the help of a pro-hydrogen group backed by a major Tory donor.

Sarah Jones ran a fundraising event with the help of a pro-hydrogen group backed by a major Tory donor.
on

A new study finds levels of the carcinogen ethylene oxide that are nine times higher than those estimated by the EPA’s models.

A new study finds levels of the carcinogen ethylene oxide that are nine times higher than those estimated by the EPA’s models.
on

The oil sands lobby group deleted the contents of its site in anticipation of changes to the Competition Act.

The oil sands lobby group deleted the contents of its site in anticipation of changes to the Competition Act.
on

Graham Stringer is facing pressure over his senior role at the Global Warming Policy Foundation.

Graham Stringer is facing pressure over his senior role at the Global Warming Policy Foundation.