India Launches Global Energy Initiative “Mission Innovation CleanTech Exchange”
- The Governments of 23 nations, including India, have collectively launched a bold new plan called Mission Innovation 2.0, to catalyze action and spearhead a decade of innovation for global investment in clean energy research, development and demonstrations.
- Mission Innovation 2.0 is the second Phase of the global Mission Innovation initiative, launched alongside the Paris Agreement at the 2015 COP21 conference.
- The new initiative was launched at the Innovating to Net Zero Summit, hosted by Chile on June 02, 2021.
- Purpose: To make clean energy affordable, attractive and accessible throughout this decade; To accelerate action towards the Paris Agreement; and Net zero pathways.
- Plan: Under this new MI 2.0, a series of new Missions will be undertaken, which will be supported by a new global Innovation Platform to strengthen confidence and awareness in emerging innovations and maximize the impact of national investments.
- India’s Effort: As a part of this Platform, India has launched the Mission Innovation CleanTech Exchange, to create a network of incubators across member countries.
- The network will provide access to the expertise and market insights needed to support new technologies to access new markets globally.
Source: Mission Innovation