Global clean energy initiative launched
Countries launch the second phase of the Mission Innovation programme to accelerate clean technology investments and bring down cost of hydrogen
Twenty-three countries responsible for over 90pc of global public finance for clean energy today launched a new initiative to step up investment in the sector. Mission Innovation 2.0 is the second phase of a global push that aims to step up investment in the sector. The first phase of the project saw 21 nations pledge to double their clean energy research spending from $15bn per year to $30bn per year by 2021—although members’ investments are now just $5.8bn higher than in 2015, at $20.8bn. Canada, Chile, Finland, Japan, the Netherlands, Norway, South Korea and the UK have doubled their levels of investment and Denmark, Germany, Sweden and the European Commission have increased investment by
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks