Simplify the following text for a Grade 14 native English-speaking person.
Original: The Right Livelihood Award , widely known as the Alternative Nobel Prize , is a prestigious international award to honor those `` working on practical and exemplary solutions to the most urgent challenges facing the world today '' .
Simplified: The Right Livelihood Award , widely known as the Alternative Nobel Prize , is a major international award to honor those `` working on practical and exemplary solutions to the most urgent challenges facing the world today '' .