|18 July 2016|
Worldwide
Launched in 2015, Mission Innovation (MI) is a global movement of countries working together ‘to accelerate the pace of clean energy innovation’.
To boost the pace of change in research and development (R&D), 21 MI partners (20 countries and the European Union) last month committed to doubling their budgets to provide around $30 billion per year in governmental investment by 2021.
Representing more than 80% of the world’s public investment in clean energy R&D, these 21 partners currently contribute approximately $15 billion per year. They have each pledged to seek a doubling in their governmental and clean energy R&D investment over five years, reaching around a combined $30 billion per year by 2021. These efforts under Mission Innovation represent an unprecedented acceleration of R&D efforts for innovative clean energy technologies.
“The European Commission is honoured to be part of Mission Innovation,” said European Commission Vice President for Energy Union Maroš Šefčovič. “Scaling up clean energy innovation is key to the success of the European Energy Union and to the implementation of the Paris Agreement on Climate Change. It also represents a major global economic and industrial opportunity. Mission Innovation therefore coheres perfectly with our upcoming research, innovation and competitiveness strategy.”
“Innovative technologies will play a key role in Canada’s transformation into a low-carbon economy,” said Canada’s Minister of Natural Resources, the Honourable Jim Carr. “By doubling our investment in clean and emissions-reducing energy technology, we will help meet our climate change objectives, increase the productivity and competitiveness of Canadian firms and create clean jobs. We look forward to working with our domestic and international partners to help advance our Mission Innovation goals.”
Under Mission Innovation, each MI partner independently determines a strategy for clean energy innovation funding based on individual national resources, needs, and circumstances. MI partners also encourage mutually beneficial engagement with other partner countries in international collaborations.
The Governments of Australia, Brazil, Canada, Chile, China, Denmark, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Norway, the Kingdom of Saudi Arabia, Sweden, the United Arab Emirates, the United Kingdom, and the United States announced Mission Innovation (MI) on 30 November 2015.
