Sum will be awarded for the best technology created for removing carbon dioxide directly from the atmosphere or oceans and store that carbon in a safe, cost-effective way.
The same week Glencore said it will abandon its coal mining interests in Colombia amid dropping profits, the country launched a proposal for its first battery storage system.
New research shows that abandoned and deeper coal mines emit more methane, which is 25 times more powerful than carbon dioxide when it comes to warming the planet.