Four ‘Missions’ have been announced at today’s (9th Nov) Science and Innovation Day at the COP26 event, intended to spur further investment in clean energy technologies.
The new Missions will build upon the existing three announced in June earlier this year, on power systems, hydrogen and shipping. Announced by Ministers from the US, India, Saudi Arabia, Canada, Australia, Austria, the Netherlands and European Commissions, they will aim to facilitate urban transitions, eliminate emissions from industry, enable carbon dioxide (CO2) removal, and produce renewable fuels, chemicals, and materials.
Combined, the Missions allow collaboration between governments and private sectors to develop and demonstrate clean technologies capable of decarbonising sectors responsible for 52% of global emissions.
The 23 Mission Innovation members have projected that, to make clean energy solutions more affordable, accessible, and attractive than their alternatives by 2030, at least $250bn will be invested this decade in clean energy innovation.
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