Mission Innovation

From USApedia


Mission Innovation
Type Initiative
Sponsor Organization Partnership
Creation Legislation N/A
Website Website
Purpose To accelerate global clean energy innovation by catalyzing action and investment in research, development, and demonstration, making clean energy affordable, attractive, and accessible to all. It aims to meet Paris Agreement goals and drive towards net-zero emissions.[1]
Program Start 2015
Initial Funding
Duration Indefinite
Historic Yes


Mission Innovation (MI) is a global initiative aimed at accelerating clean energy innovation by catalyzing action and investment in research, development, and demonstration, making clean energy affordable, attractive, and accessible to all. It was launched to meet the goals of the Paris Agreement and drive towards net-zero emissions, focusing on both public and private sector collaboration.[2]

Official Site

Goals

  • Double government investment in clean energy R&D over five years.[3]
  • Foster international collaboration for clean energy technology breakthroughs.
  • Accelerate the deployment of clean energy technologies to achieve net-zero emissions.

Organization

Mission Innovation operates through a partnership model involving 23 countries and the European Commission. Each member country has its own MI coordinator, and the initiative is guided by a Steering Committee with representatives from each member. The U.S. Department of Energy in the U.S. acts as the coordinating body for MI activities.

Partners

History

Mission Innovation was launched in 2015 at COP21 in Paris by the leaders of 20 countries, committing to double their clean energy R&D investments over five years. Since its inception, MI has expanded its scope and membership, evolving into a decade-long commitment with new missions launched at subsequent ministerial meetings. Key historical events include the launch of MI 2.0 in 2020, extending the initiative's horizon to 2030, and the integration of new members and missions focusing on areas like green hydrogen and carbon capture.[4]

Funding

While Mission Innovation does not have a central funding pool, each participating country commits to doubling their respective clean energy R&D investments. The U.S., for instance, announced a plan to increase its R&D investment to $12.8 billion over five years.[5] Additional funding often comes through specific projects or missions under MI's umbrella, with each nation retaining control over how they allocate their increased investment.

Implementation

MI implements its objectives through:

  • Establishing Innovation Challenges and Missions targeting specific clean energy areas.
  • Facilitating international collaboration on R&D projects.
  • Encouraging private sector involvement through initiatives like the Breakthrough Energy Coalition.

The initiative has no fixed end date but continues to evolve with new commitments and expanded goals.

Related

External links

Social media

  • No specific social media accounts for Mission Innovation; follow member countries' energy departments for updates.

References