Tuesday
May 6
2025

Winner of Musk-Backed $50 Million Carbon Prize Plots Agri Revolution

By Ben Payton

US-based company Mati Carbon collected a $50m cheque last week after winning the grand prize in the XPRIZE Carbon Removal competition. The prize, sponsored by Elon Musk’s philanthropic foundation, is the world’s largest scheme to incentivise technologies that remove carbon from the atmosphere.

Photo courtesy of mad mags.

Source: African Business (link opens in a new window)

Categories
Agriculture, Environment
Tags
agtech, climate change, climate finance, decarbonization, philanthropy, scale