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
17 September 2024
North Sea storage facility verified as safe to proceed after successful pilot phase
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers