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
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
