“Mission Innovation” launched for accelerating clean energy revolution

During United Nations Climate Change Conference 2015 (COP21) in Paris World leaders of 20 countries has launched the Mission Innovation for accelerating clean energy revolution across the world.

Tagline – “Accelerating the Clean Energy Revolution”

Aim – To reinvigorate and accelerate global clean energy

Objective – To make clean energy widely affordable

Participating countries – Australia, Brazil, Canada, Chile, China, Denmark, France, Germany, India, Indonesia, Italy, Japan, Mexico, Norway, Saudi Arabia, South Korea, Sweden, United Arab Emirates, United Kingdom and the USA.

• 20 countries committed to double their respective clean energy research and development over the 5 years to 2020.

Highlights of Mission

• As part of Mission Innovation, each of the countries involved will seek to double its governmental or state-directed clean energy research and development investment over the next 5 years.
• The new investments will be aimed specifically at “transformational clean energy technology innovations” that will be scalable across a variety of economic and energy market conditions.
• Working with existing international institutions, participating countries will cooperate and collaborate to help governments, private investors and technology innovators.
• The collaboration will cover areas such as- sharing of data, technology expertise and analysis in order to promote commercialization and dissemination of clean energy technologies.
• It was launched as a long term global response to tackle the problem of climate change.