More than 1,300 companies and research teams in 88 countries are working to remove carbon dioxide from the sky or ocean and permanently lock it away. Now, 20 projects are advancing to the final round of a four-year-long $100 million global contest run by nonprofit foundation Xprize. The finalists include teams in China, Denmark, Kenya, India, and the US. To advance, finalists will each need to pull 1,000 metric tons of carbon dioxide from the air or seawater over a 12-month period, and show that their technologies can scale up in ways that are technically, environmentally, and socially sustainable. The grand prize winner, to be announced in April 2025, will take home $50 million; runners-up will split a $30 million pot.

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