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From Elon Musk's Twitter account:

Am donating $100M towards a prize for best carbon capture technology

https://twitter.com/elonmusk/status/1352392678177034242

He later followed up with: "Details next week"
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An article from Reuters:
https://www.reuters.com/article/us-usa-musk-carbon-capture/e...

(Reuters) - Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for development of the “best” technology to capture carbon dioxide emissions.

Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.

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One approach:
https://www.nature.com/articles/s41467-020-18232-y

Capture and conversion of CO2 from oceanwater can lead to net-negative emissions and can provide carbon source for synthetic fuels and chemical feedstocks at the gigaton per year scale. Here, we report a direct coupled, proof-of-concept electrochemical system that uses a bipolar membrane electrodialysis (BPMED) cell and a vapor-fed CO2 reduction (CO2R) cell to capture and convert CO2 from oceanwater.
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- Pete
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