What is the News?
Delhi-based company Takachar is one among five winners of the first-ever Earth shot Prize, also called “Eco Oscar”. They won the prize in the “Clean Our Air” category for their technology to create fuel, fertiliser and other speciality chemicals from agricultural waste.
What is the Earth shot Prize?
Earthshot Prize is also called the “Eco Oscars”. It is an award set up by Prince William and the Royal Foundation.
Objective: To honour five finalists between 2021 and 2030 for developing solutions to fight the climate crisis.
The prize is inspired by US President John F Kennedy’s “Moonshot” programme, which resulted in the US Apollo lunar launches and the first man setting foot on the Moon in 1969.
Categories: The year 2021 was the first year when awards were handed out to five finalists for their contributions towards the five UN Sustainable Development Goals — restoration and protection of nature, air cleanliness, ocean revival, waste-free living and climate action.
Prize Money: The winner will receive prize money of £1 million. Each winner will also receive a global platform and prestigious profile, with their stories being showcased over the decade with the ambition that their solutions lead to mass adoption, replication and scaling.
Source: This post is based on the article “Delhi company bags ‘Eco Oscar’ for clean-air technology” published in TOI on 19th October 2021.