India among 23 countries to complete 221 clean energy projects India among 23 countries to complete 221 clean energy projects
Digital Desk, Pittsburgh. Through Mission Innovation (MI), 23 national governments, including India, the UK and the European Union, announced on Friday that they will coordinate to deliver 221 demonstration projects globally over this decade to bring clean energy technologies to the hardest-hit sectors. to be increased rapidly.
The announcement, made at the seventh MI ministerial meeting in Pittsburgh, will spur public-private investment in technologies that need to be commercialized by 2030, including at least one to decarbonize energy-intensive industries such as steel, cement and chemicals. Contains 50 large-scale demonstration projects. Five projects on five continents and 100 hydrogen basins around the world have been identified to demonstrate the integration of up to 80 percent renewable energy into the energy grid.
The goal is to achieve a tipping point in costs by 2030 to accelerate the delivery of technologies to decarbonize areas responsible for more than 52 percent of global greenhouse gas emissions. These demonstration projects are a direct response to the International Energy Agency’s analysis that at least 90 billion public funds will be needed by 2026 to demonstrate the technologies needed to decarbonize global energy systems, such as renewable energy, battery storage and hydrogen-based fuels. the wanted.
It is up to international coordination to quickly prove large-scale solutions in multiple configurations and in different regional contexts. These technologies should be commercially viable by 2030 to be deployed on a large scale to achieve net zero by 2050 (a target that has now been adopted by 104 countries). The mission is a leading global initiative to catalyze public-private coordination of innovation, research, development and demonstration of clean energy technologies.
Its seven missions facilitate high ambition alliances among countries, corporations, investors and research institutions to reach the ambitious climate goals by 2030 and ensure more innovation happens and happens more quickly. Together they provide mechanisms to drive international cooperation and coordination, allowing governments to work together and target investment and action with the private sector. Announced plans include the Net-Zero Industries Mission: to decarbonize at least 50 large-scale energy-intensive industries such as steel, cement and chemicals by 2030 to facilitate complete decarbonization of industry in many regions of the world by 2030. On display projects.
Green Powered Future Mission: Five continental demonstrators integrate 80 percent of convertible renewable energy into existing electricity grids by 2024. After 2024, the program will achieve 100% renewable energy integration.
Clean Hydrogen Mission: 100 clean hydrogen basins identified by 2024 to showcase innovative hydrogen value chains and build scale for various end-use sectors, while reducing the cost of clean hydrogen. This could encourage $90 billion of public-private investment and significant clean hydrogen capacity.
And, the Carbon Dioxide Removal Mission: six countries committed to funding at least one project that will remove more than 1,000 metric tons of CO2 per year by 2025. Participating countries will contribute to the collective target of 100 million for CDR demonstrations by 2025.
European Commission President Usura von der Leyen said: Research and innovation will fuel the clean energy transition that is needed more than ever. Together with our EU Member States, we expect Team Europe to make a leading contribution to our shared ambition to make more, faster and bolder investments in breakthrough energy innovation demonstration projects.
US Special Presidential Envoy for Climate John Kerry said the need for clean, safe, reliable and affordable energy has never been greater. To deploy clean energy technologies at the scale and speed needed to avoid the worst consequences of the climate crisis, we need prompt and coordinated action from world leaders. Mission Innovation is instrumental in achieving our collective climate and clean energy goals by facilitating the international cooperation needed to maximize these investments and accelerate clean energy research, development and demonstration.
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