Union Minister for Science & Technology, Earth Sciences, Environment, Forests and Climate Change Dr. Harsh Vardhan will be leading an Indian delegation for participation in the Mission Innovation Ministerial being held at Malmo-Sweden during 22-23 May 2018.
Mission Innovation is a global platform of 23 countries and European Union aimed at accelerating clean energy innovations through enhanced Government funding, greater public-private sector partnership, and enhanced global cooperation.
Mission Innovation is complemented by private sector-led investments of extraordinary levels of private capital in clean energy, focusing on early-stage innovations.
As part of the initiative, participating countries have committed to seek to double their governments’ clean energy research and development (R&D) investments over five years, while encouraging greater levels of private sector investment in transformative clean energy technologies. These additional resources will dramatically accelerate the availability of the advanced technologies that will define a future global energy mix that is clean, affordable, and reliable.
Mission Innovation was announced on November 30, 2015, as world leaders came together in Paris to undertake ambitious efforts to combat climate change.
India is Founding Member of the Steering Committee and also a Member of the two sub-groups: Joint research and Capacity Building and Private Sector Engagement.
The power of innovation – driven by sustained public investment in research and development (R&D) coupled with business leadership – can push down costs further and bring fledgling ideas into the mainstream. Further reducing the cost of tomorrow’s clean energy technologies, along with adoption of today’s clean energy solutions, underpin global strategies to enhance global energy security, drive economic growth, bring life-changing energy services to the poor, and increase ambition in combatting climate change.