An anonymous reader writes: XPRIZE has announced a new, $20 million competition that aims to tackle carbon emissions. They're not looking to reduce emissions, but rather to convert them into something useful. They provide examples: "products like new and sustainable building materials; low-emission transportation fuels; and alternative chemical products that can be used to make everything from clothing and running shoes, to safer, stronger automobiles and breakthrough medicines." Awards will be given for making use of emissions from two different sources: coal power plants and natural gas power plants. "The winning team will convert the most CO2 emissions into the highest value products. To be competitive, teams will have to make the business case for their approach as well as minimize their use of energy, water, land, and other inputs that have consequences for the environment."