Mission Innovation is a global initiative catalysing a decade of action and investment in research, development and demonstration to make clean energy affordable, attractive and accessible for all. This will accelerate progress towards the Paris Agreement goals and pathways to net zero.
COP26: INTENSE, INSPIRING EVENT SPOTLIGHTS MI’S RAPIDLY EVOLVING WORK
23 Governments announce new Missions to accelerate innovation in clean energy technologies that can decarbonize sectors responsible for 50% of global emissions
Supporting Net Zero Innovation
Mission Innovation (MI) is a global initiative of 22 countries and the European Commission (on behalf of the European Union).
The World Bank Group (WBG) is one of the largest providers of finance for renewable energy and energy efficiency projects in developing and middle-income countries. As per the Letter of Intent announced at the fourth MI Ministerial, the WBG and MI plan to strengthen collaboration on clean energy innovation topics of mutual interest based on three pillars: Collaboration around specific innovation topics; Insights and analysis; and Communication. In particular, the WBG, together with MI and 28 other organizations, has established the Energy Storage Partnership (ESP) to help develop and adopt energy storage solutions tailored to the needs of developing countries.
The Global Covenant of Mayors for Climate and Energy (GCoM) is the largest global alliance for city climate leadership, uniting a global coalition of over 9,200 cities and local governments and the global and local city networks that support them. The cities and partners of GCoM share a long-term vision of supporting voluntary local action to combat climate change and moving towards a resilient and low-emission society. The GCoM alliance elevates city climate leadership and enables strategic and innovative partnerships to mobilize the resources that cities require to fully realize their ambition in the areas of research, data, finance, and communications. GCoM’s Innovate4cities initiative identifies specific data, information and technology priorities and works with governments, academia, business, and other partners to drive investment in these areas. Led by a Board co-chaired by UN Secretary-General’s Special Envoy for Climate Action, Michael R. Bloomberg, and European Commission Vice President, Maroš Šefčovič, Vice-Chair Christiana Figueres, and 10 Mayors representing city network partners and each of 10 global regions, the coalition comprises cities across 6 continents and 132 countries, representing over 800 million people or more than 10% of the global population. Read more about GCoM’s collaboration with MI in the Letter of Intent signed at the fourth MI Ministerial.
Breakthrough Energy is a network of entities and initiatives, including investment funds, nonprofit and philanthropic programs, and policy efforts linked by a common commitment to scale the technologies we need to achieve a path to net zero emissions by 2050. We are encouraging the development of new net-zero energy technologies, championing policies that speed innovation from lab to market, and bringing together governments, research institutions, private companies, and investors to expand and enhance clean-energy investment.
Breakthrough Energy was launched alongside Mission Innovation at COP21 in Paris. At COP26 in Glasgow, the two initiatives expanded their successful partnership through a Letter of Intent, which set out how they would work towards their shared goals of advancing public and private sector collaboration to accelerate critical clean energy technologies toward commercialization.
The World Economic Forum (WEF) is an international organization for public-private cooperation. Collaboration between the public and private sectors is an effective method for accelerating innovation. MI is collaborating with WEF to drive private sector involvement, public-private partnerships, and knowledge-sharing around public-private research and technology development. The collaboration increases the relevance and impact of the private sector on MI members’ clean energy RD&D investments, helping to unlock the technology breakthroughs in cost and performance needed to revolutionize energy systems throughout the world. Details of the collaboration between MI and the World Economic Forum can be found in the Letter of Collaboration signed at the second MI Ministerial.
The International Renewable Energy Agency (IRENA) is an intergovernmental organization that supports countries in their transition to a sustainable energy future and serves as the principal platform for international collaboration, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. IRENA and Mission Innovation agree to develop a process of collaboration, building on synergies in their respective areas of work. It is intended that this collaboration should strengthen global renewable energy innovation efforts and accelerate innovation through more effective policies and greater cross-border collaboration. Read more in the Letter of Intent on Collaboration signed at the third MI Ministerial.
The International Energy Agency (IEA) is the leading provider of energy data, rigorous analysis, and real-world solutions for energy transitions around the world, and has promoted and helped guide energy innovation in a variety of ways over its 45-year history. In February 2019, the IEA launched a new web portal to serve as a global go-to resource for governments, companies and others parties seeking information about innovation across a full range of clean-energy technologies. The Innovation web portal includes global RD&D investment levels from public and private sources, detailed technology analysis, identification of innovation gaps, analysis by country, and innovation partnerships (such as the IEA’s Technology Collaboration Programmes, TCPs). Details of the enhanced collaboration between MI and the IEA can be found in the Letter of Intent signed at the third MI Ministerial.