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14.03.07
Hunting $25m
Sir Richard Branson and Al Gore announced the setting up of a new Global science and technology prize — The Virgin Earth Challenge — in the belief that history has shown that prizes of this nature encourage technological advancements for the good of mankind. The Virgin Earth Challenge will award $25 million to the individual or group who are able to demonstrate a commercially viable design which will result in the net removal of anthropogenic, atmospheric greenhouse gases each year for at least ten years without countervailing harmful effects. This removal must have long term effects and contribute materially to the stability of the Earth’s climate.
According to another source, this means the removal of 1 billion t CO2. More details at Virginearth.
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