In the context of CEM12 / MI-6 - the main clean energy summit in the world, which this year is organized by Chile, and which brings together the main economies of the world to discuss the acceleration of energy transformation- the American philanthropist, Bill Gates declared that "going from 51,000 million tons of greenhouse gas emissions to zero, while still satisfying the energy needs of all, is one of the most difficult challenges that humanity has faced".
23 countries, collectively responsible for more than 90% of global public investment in clean energy innovation, will launch the second phase of Mission Innovation (MI 2.0) at the Global Innovating to Net Zero Summit in Chile. The MI secretariat projects that they will collectively invest at least $250 billion by 2030.
Mi's new missions - Green Powered Future, Clean Hydrogen, and Zero-Emission Shipping - are truly significant and will make the cost of clean hydrogen competitive, demonstrate 100% variable renewable energy systems, and have 5% deep-water shipping running on zero-emission fuels by 2030.
The Microsoft founder added that "together, we have demonstrated the close connection between the private and public sectors and the work they must do to create the new technology that the world will need to avert a climate disaster and ensure that they are affordable and accessible to all."
Since 2015, Mission Innovation has helped governments, businesses, investors, and scientists come together to understand how to invest early to invent new climate solutions and define strategies for deploying them at scale.
"Now it's time to take that work to the next level; as countries develop economic recovery plans and emission reduction plans, we have a unique opportunity to realize the promise we created together when we formed Mission Innovation. We must continue the global drive to allocate more government resources to early innovation while connecting those innovations with early investors willing to take the risk of turning those ideas into enterprises," he added.
The critical aspect of MI 2.0 is the commitment of governments to drive the technologies needed to achieve Net Zero by advancing costs, scale, and performance this decade. This will make Net Zero affordable and attractive to everyone.
"But we also need to take the next step to engage more stakeholders to create the market infrastructure for those technologies to reach countries around the world as soon as possible," Bill Gates said.
That is what Mission Innovation 2.0 is all about; it will play a key role in figuring out how to invent the technology that the world needs to eliminate the most elusive emissions, it will help connect the public and private sectors to start commercializing those technologies, and it will do so in a way that ensures that every country on the planet has a choice of the green alternative to fossil fuels.
This progress will come hand in hand with new ways of thinking about public-private partnerships, and Mission Innovation 2.0 is already delivering on that promise.
Chile is one of the 23 countries that make this commitment. In this context, the bi-minister of Energy and Mining Juan Carlos Jobet pointed out that "our mission is clear: to make clean energy solutions affordable and available to everyone, this decade. There is no time to lose, and the next ten years will be fundamental to the future of our planet: innovation and collaboration must be at the heart of everything we do. Mission Innovation 2.0 is a crucial platform to bring together governments, private sectors, and innovators and accelerate the development of technologies to achieve net-zero emissions."
Gates added of the foundation he founded, "Breakthrough Energy is pleased to announce that it will work closely with the European Commission on the creation of The Catalyst Program, an innovative and unique financing vehicle designed to rapidly commercialize climate-smart technologies, and we look forward to working with all Mission Innovation countries on these exciting new initiatives."
"I'm optimistic. I believe that we will avoid a climate disaster. One of the reasons I believe this is because there are partners like Mission Innovation and its members who know what's at stake, and are answering the call," he concluded.
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