About 23 countries’ governments have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demonstrations.
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The goal is to make clean energy affordable, attractive and accessible for all this decade, to accelerate action towards the Paris Agreement and net zero pathways.
These countries are Austria, Australia, Brazil, Canada, Chile, China, Denmark, Finland, France, Germany, India, Italy, Japan, the Republic of Korea, Morocco, the Netherlands, Norway, Saudi Arabia, Sweden, the United Arab Emirates, the United Kingdom, the United States of America, and the European Commission (on behalf of the European Union).
Mission Innovation 2.0 is the second phase of the global Mission Innovation initiative, launched alongside the Paris Agreement at the 2015 COP21 conference.
Its members – collectively responsible for over 90% of global public investment in clean energy innovation – are committed to increase investment and collaboration to deliver the technologies needed to overcome the world’s most difficult climate challenges.
Achieving the Paris Agreement goals of limiting global warming to well below 2 degrees Celsius, compared to pre-industrial levels, requires huge leaps in energy innovation this decade.
Half of the global emissions reductions required to achieve national and global climate targets by 2050 depend on technologies that exist today, but are only at demonstration or prototype phase.
These technologies are not yet sufficiently effective or affordable to be deployed at scale, such as clean hydrogen, advanced battery storage or zero emission fuels.