MI (Mission Innovation) Missions mobilise global action behind ambitious and inspirational innovation goals that can lead to tipping points in the cost and scale of net zero energy solutions across all sectors.
Energy intensive industries are responsible for around 25% of global greenhouse gas emissions. There is a need to accelerate the development of key technologies to become commercially available no later than 2030, to ensure that they can be taken up in the market in time for the next 25-year refurbishment cycle.
Mission Goal: To catalyse the development and demonstration of cost competitive solutions for the efficient decarbonization of hard to abate energy intensive industries worldwide by 2030:
The joint plans include:
- Net-Zero Industries Mission: at least 50 large-scale demonstration projects to decarbonise energy-intensive industries such as steel, cement and chemicals by 2030 to facilitate the full decarbonisation of industry in multiple regions of the world by 2050.
- Green Powered Future Mission: five continental demonstrators integrating up to 80% Variable Renewable Energy into existing electricity grids by 2024. After 2024, the programme will target the integration of up to 100% renewable energy.
- Clean Hydrogen Mission: 100 Clean Hydrogen Valleys identified by 2024, to demonstrate innovative hydrogen value chains and build scale for different end-use sectors, driving down the cost of clean hydrogen. This could stimulate USD $90 billion of public-private investment and significant clean hydrogen capacity.
- Carbon Dioxide Removal Mission: six countries commit to funding at least one project that removes 1,000+ metric tons of CO2 per year by 2025. Participating countries will contribute to a collective goal of $100 million for CDR demonstrations by 2025.
- Zero-Emission Shipping Mission: the creation of a blueprint for zero emission refuelling ports for global shipping by 2024, accelerating progress towards the development of 10 large trade ports across three continents along the major deep-sea shipping routes supplying zero-emission fuels by 2030.
- Urban Transitions Mission: establishment of a first cohort of 50 cities – expanded to 300 by 2024 – who will take a leading role in delivering net zero.
Through collaboration with the IEA and IRENA, progress will be tracked annually to ensure accountability and transparency.
Source and further information: http://mission-innovation.net/
