A group of 21 countries have come together to launch Mission Innovation to reinvigorate and accelerate public and private global clean energy innovation with the objective to make clean energy widely affordable at COP21
In their joint statement which can be found at: http://mission-innovation.net/statement/, they wish to accelerate widespread clean energy innovation as part of an effective, long-term global response to their shared climate challenge. Energy innovation they believe is necessary to provide affordable and reliable energy for everyone and to promote economic growth; and critical for energy security. They collectively feel that whilst important progress has been made in cost reduction and deployment of clean energy technologies, the pace of innovation and the scale of transformation and dissemination remains significantly short of what is needed.
The countries involved include: Australia, Brazil, Canada, Chile, China, Denmark, France, Germany, India, Indonesia, Italy, Japan, Mexico, Norway, Republic of Korea, Saudi Arabia, Sweden, the UK , the UAE, and the USA.
Each country has committed to:
- Double their current Investment in Clean Energy Innovation
- Implement Mission Innovation in a transparent, effective, and efficient manner
- Provide, annually, transparent, easily-accessible information on its respective clean energy research and development efforts to promote transparency, engage stakeholders broadly, spur identification of collaborative opportunities, and provide the private sector more actionable information to improve its ability to make investment decisions
The countries also recognise that business needs to play a vital role in the commercialization and cost-effectiveness of clean energy breakthroughs, and participating countries commit to work closely with the private sector as it increases its investment in the earlier-stage clean energy companies that emerge from government research and development programs. The Breakthrough Energy Coalition, of these investors from 10 countries has also been created see http://www.breakthroughenergycoalition.com/en/index.html