Virgin Earth: Gore To Help Award $25M Prize For GHG Solution

News Type: Event — Seeded on Sat Feb 10, 2007 11:13 AM EST

Article Source: CBC

world-news, global-warming, climate-change, gore, greenhouse-gases, branson

British airline tycoon Richard Branson announced a $25-million prize for the first person or group to find a way to remove billions of tonnes of greenhouse gases from the atmosphere.

Flanked by former U.S. vice-president Al Gore and leading environmentalists, the Virgin Group chair said on Friday in London he hoped the prize would spur innovation toward solving what he sees as a crisis.

Richard Branson, and former U.S. vice-president Al Gore hold a globe at a presentation in London on Friday to announce the Virgin Earth Challenge.Richard Branson, left, and former U.S. vice-president Al Gore hold a globe at a presentation in London on Friday to announce the Virgin Earth Challenge. (Kirsty Wigglesworth/Associated Press)

The contest, called the Virgin Earth Challenge, will be open for five years, with a panel of judges including Branson and Gore evaluating submissions.

The goal is to find a way of removing one billion tonnes of carbon gases a year from the atmosphere for 10 years. The winner will receive $5 million US up front and the remaining $20 million after the 10-year time frame. If no winner is identified after five years the judges may decide to extend the competition.

Branson has pledged $3 Billion in profits from his corporate enterprises to fight global warming over the next 10 years.

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{"commentId":523054,"authorDomain":"mooninbluewater"}

Moon In Blue Water

Branson is certainly putting his money where his mouth is. Wouldn't it be nice if some of the more egregious offenders like Exxon would do the same?

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1 vote

#1 - Sat Feb 10, 2007 11:18 AM EST

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Scientists to Vie for $25M Climate Prize	Associated Press	Fri Feb 9	14
Branson offers millions to save the planet	Telegraph	Fri Feb 9	0
British tycoon Branson offers $25 million prize to fight climate change	USA Today	Tue Feb 13	0
Branson: $32m to fix global warming	The Age	Sat Feb 10	0
$25 million prize for greenhouse gas removal	Associated Press	Fri Feb 9	1

MOON IN BLUE WATER

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Virgin Earth: Gore To Help Award $25M Prize For GHG Solution

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