Gore and Branson launch climate prize

Hillary Clinton wants to spend oil companies' profits to subsidize R&D in the energy sector. Al Gore and Richard Branson have another idea: they're offering $25 million to the person who comes up with the best way of removing carbon dioxide from the atmosphere, and anybody who comes up with a method which will remove at least one billion tonnes of carbon per year from the atmosphere is eligible.

I hope this is the first of many such prize funds – and I hope that the US government gets in on the act as well. If Hillary does end up socking a windfall tax on oil companies, a prize fund would be a better way of spending it than a picking-winners approach.

Posted by Felix at 14:56 EST