Nations collectively launch initiative to boost clean energy innovations

SANTIAGO: On June 2, India launched a global initiative called Mission Innovative CleanTech Exchange or Mission Innovation 2.0, that will create a network of incubators across member countries to accelerate clean energy innovation. The network was launched virtually at the ‘Innovating to Net Zero Summit’ hosted by Chile.

The initiative has been launched in a bid to provide access to the expertise and market insights needed to support new technologies to access new markets globally. India is among 23 governments across the world to collectively launch new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development, and demonstrations.

The network is aiming to make clean energy affordable, attractive, and accessible for all in this decade, and to accelerate their actions towards the Paris Agreement and net zero pathways. Mission Innovation 2.0 comes as the second phase of the global Mission Innovation initiative, which was launched in 2015 along with the Paris Agreement at the 2015 United Nations Climate conference.

Members of the Mission Innovation 2.0 are collectively responsible for over 90 per cent of the global investment in clean energy innovation. Their commitment lies in increasing investment and collaboration to deliver the technologies required to overcome the world’s most difficult challenges on the climate change front.