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.

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