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Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge visit the Chiatibo glacier in the Hindu Kush mountain range on Oct. 16, 2019 in the Chitral District of Khyber-Pakhunkwa Province, Pakistan. They spoke with a an expert about how climate change is impacting glacial landscapes. Pool / Samir Hussein / WireImage

Prince William, the Duke of Cambridge and second in line to the throne, announced today a multimillion-dollar prize to encourage the world's greatest problem solvers to tackle the climate crisis, as Reuters reported.

The newly announced Earthshot Prize, which bills itself as "a decade of action to repair the Earth," has been planned for the last year, according to a statement from Kensington Palace. The prize will be given to five winners a year for the next 10 years starting in 2021 with the goal of funding 50 creative and achievable solutions to the world's greatest threat by 2030, as CNN reported.

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