Fifteen teams will get $1m to develop ideas, with a $50m prize awaiting the winner

The Tesla founder Elon Musk has offered a $100m (£73m) fund for inventions that remove carbon dioxide from the atmosphere or oceans.

Musk, who has built up an estimated $203bn fortune, said he wanted scientists to make a “truly meaningful impact” and achieve “carbon negativity, not neutrality”.

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