Q. Why is this in News?
- Recently, the Union Minister of Science & Technology addressed the Mission Innovation (MI) to mark the beginning of phase-2 of the mission or Mission Innovation 2.0.
- India played a leadership role in MI Steering Committee and is a member of the Analysis and Joint Research and Business & Investor Engagement sub-groups.
Q. What is Mission Innovation?
- Mission Innovation was announced on 30th November 2015, on the side-lines of the Paris Climate Agreement to undertake ambitious measures to combat climate change.
- It is a global initiative of 24 countries and the European Union to accelerate global clean energy innovation.
Q. What are its Principle?
- Commitment by all members to seek to double their clean energy innovation investments over five years in selected priority areas.
- Each member according to its own priorities, policies, processes, and laws independently determines the best use of its funding and defines its own Research & Development priorities and path to reach the doubling goal.
- In many cases, MI members prioritise parts of their whole energy innovation budget within their baseline.
Q. What are its Objectives?
- Enhance the public sector investment to a substantial level.
- Increased private sector engagement and investment.
- Increase international collaboration.
- Raising awareness of the transformational potential of innovation.
Innovation Challenges (IC):
- Innovation challenges are a major part of the mission innovation that is aimed at leveraging research, development, and demonstration (RD&D) in technology areas that could ultimately result in effective ways to reduce greenhouse gas emissions, increasing energy security, and creating new opportunities for clean economic growth.
- There are 8 innovation challenges under the mission innovation:
- IC1 – smart grids, IC2 – Off-grid access to electricity, IC3 – Carbon capture, IC4 – Sustainable biofuels, IC5 – Converting sunlight, IC6 – Clean energy materials, IC7 – Affordable cooling and heating of buildings, IC8 – Renewable and clean hydrogen.
- The first phase has shown that work done under ICs have mobilized in a relatively short period, relying on members' leadership and voluntary efforts to advance IC objectives.
- These resources have dramatically accelerated the availability of the advanced technologies that will define a future global energy mix which is clean, affordable, and reliable.
Q. What is Mission Innovation 2.0?
- To achieve the shared goal of accelerating innovation, all the members have agreed to develop a second phase (2.0) that includes:
- An enhanced Innovation Platform building on current activities to strengthen the global clean energy innovation ecosystem and to accelerate learning.
- New public-private innovation alliances – Missions – built around ambitious and inspirational goals backed by voluntary commitments that can lead to tipping points in the cost, scale, availability, and attractiveness of clean energy solutions.