REFORMING THE GLOBAL MISSION INNOVATION EFFORT
Mission Innovation, an initiative by 22 countries and the European Commission to collaborate on clean energy R&D, has been successful in ratcheting up public and private R&D funding since it was launched in 2015 by the US., France, India and a Bill Gates-led business sector collaboration. The initial focus was to “double clean energy R&D funding within 5 years,” and indeed there remains the goal to increase baseline committed funding from $14.8 billion in 2016 to $30 billion by 2021.
But ClearPath’s innovation chief Spencer Nelson is arguing that a new vision is needed for the effort if it is to really succeed in driving significant global clean energy innovation.
The initiative would greatly benefit from removing the funding end goal and instead create performance-based goals for countries and/or technologies, Spencer says in a new white paper. “Without a focus on tangible outcomes it is possible that money will be shifted around without producing viable results,” he writes.
Another key change would be creating Innovation Challenges specifically for nuclear power and energy storage and also considering international collaboration on low-emission or zero-emission industrial sector processes, which are expected to grow at the same rate as the power sector globally over the next 20 years and likely to contribute a much larger share of total emissions.
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