UK business secretary Alok Sharma called on all governments to match the G7 nations in setting net-zero targets
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
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
12 March 2025
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs
