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