U.S. Department of Energy Announces $27 Million in Plastics Recycling Research and Development

WASHINGTON, D.C. – Today, the U.S. Department of Energy (DOE) announced over $27 million in funding for 12 projects that will support the development of advanced plastics recycling technologies and new plastics that are recyclable-by-design. As part of DOE’s Plastics Innovation Challenge, these projects will also help improve existing recycling processes that break plastics into chemical building blocks, which can then be used to make new products.

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Elon Musk to offer $100 million prize for 'best' carbon capture tech

(Reuters) - Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for development of the “best” technology to capture carbon dioxide emissions.

Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.

The International Energy Agency said late last year that a sharp rise in the deployment of carbon capture technology was needed if countries are to meet net-zero emissions targets.

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