Bezos Earth Fund Announces $1M Prize For New Greenhouse Gas Removal Solutions

Bezos Earth Fund Announces $1M Prize For New Greenhouse Gas Removal Solutions - Carbon Herald

The Bezos Earth Fund – a philanthropy created by Jeff Bezos in 2020 with a commitment of $10 billion to address climate change, announced on January 10th a $1 million ideation prize to generate creative ideas and solutions to remove greenhouse gas emissions from the atmosphere.

Bezos’ broad vision for the philanthropy is to develop a global roadmap in collaboration with an ecosystem of players to outline the milestones necessary to remove approximately 10 gigatons per year by 2050.

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The Bezos Earth Fund $1M Greenhouse Gas (GHG) Removal Ideation Prize is calling on innovators, scientists, engineers, and environmental enthusiasts, whether new to this space or with decades of experience, to help illuminate and innovate on ideas that will accelerate the race to scale technological GHG removal solutions, according to the announcement.

“We know we must prioritize cutting greenhouse gas emissions. At the same time, we must harness technology to begin removing these gases from the atmosphere entirely… This is not an ‘either-or’ but a ‘both-and’ imperative,” said Bezos Earth Fund President and CEO Dr. Andrew Steer.

The first phase of the initiative includes the early submission of one-page proposals of greenhouse gas removal solutions with a deadline of February 1, 2024. Incentive prizes will be awarded to up to 50 proposals.

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Finalists will have the option to submit for the second phase, where up to 12 submissions will receive one-year grants of up to $50,000 to validate and experiment with the proposed solution on the path to accelerating it to scale.

Details and the submission form can be found here.

The Bezos Earth Fund and partners from the Department of Energy will host leading experts for a workshop on scaling greenhouse gas removal to take place on February 6 and 7, 2024. People can register here. Stakeholder input can also be submitted via this form.

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