Musk announced the prize money on Twitter to his 42.7million followers
Carbon capture technology aims to remove carbon dioxide from atmosphere
Development in the field has stalled in recent years and Musk intends to kickstart progress
Billionaire entrepreneur Elon Musk has offered up a $100million reward as a prize for the best carbon capture technology idea.
Carbon capture technology is a field of research which seeks to remove carbon dioxide, a key greenhouse gas, from the atmosphere.
It has been actively investigated for several years but very little progress has been made towards producing a viable method.