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 โ€“ called the Virgin Earth Challenge, will utilize a panel of judges including Branson and Gore evaluatingย 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 theย competition.

โ€œThe Earth cannot wait 60 years. We need everybody capable of discovering an answer to put their minds to it today,โ€ Bransonย 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 fossilย fuels.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

Analysis
on

Coal, oil and gas have been killing people for centuries. Weโ€™re still paying for it.

Coal, oil and gas have been killing people for centuries. Weโ€™re still paying for it.
on

Unsubstantiated allegations against top climate advocates part of campaign to โ€œdiscredit and defundโ€ civil society actors in EU, says transparency campaigner.

Unsubstantiated allegations against top climate advocates part of campaign to โ€œdiscredit and defundโ€ civil society actors in EU, says transparency campaigner.
Analysis
on

San Francisco-based developers launch publicity drive to soothe local concerns over giant project.

San Francisco-based developers launch publicity drive to soothe local concerns over giant project.
on

Farageโ€™s new directors reflect his anti-science views.

Farageโ€™s new directors reflect his anti-science views.