Paving the Way to COP26: Mission Possible Partnership | DAVOS AGENDA 2021 | Summary and Q&A

TL;DR

The Mission Possible Partnership aims to accelerate industry decarbonization in hard-to-abate sectors by bringing together governments, businesses, and stakeholders to drive innovation and collaboration.

Key Insights

• 🌐 The partnership addresses the urgent need to decarbonize hard-to-abate sectors, which account for a significant portion of global emissions.
• 🥅 Collaboration among various stakeholders, including governments, businesses, and investors, is crucial for driving innovation and achieving net zero goals.
• 👶 Transitioning to renewable energy is not enough to meet emission reduction targets; innovation and deployment of new technologies are necessary in sectors such as industry and transportation.
• 😘 The partnership aims to create a market demand for low-carbon products, encourage climate-aligned finance, and promote policy advocacy to accelerate the transition to a low-carbon economy.
• 🤩 Implementing circular economy practices in key sectors like construction can significantly reduce emissions and create economic benefits.
• 😫 The mission possible partnership provides a platform for sharing best practices, setting targets, and implementing concrete actions to address the climate crisis.
• 👨‍🔬 Innovation, increased research and development spending, and international collaboration are critical for scaling up clean energy technologies and achieving emissions reduction targets.

Transcript

good morning good afternoon and good evening wherever you are in the world my name is anthony hobley i'm the executive director of mission possible at the world economic forum i would like to welcome everyone to the unveiling of the exciting new mission possible partnership at davos agenda week we are pleased to have such a lineup of great and very... Read More

Questions & Answers

Q: What is the purpose of the Mission Possible Partnership?

The Mission Possible Partnership aims to accelerate industry decarbonization and reduce emissions in hard-to-abate sectors through collaboration and innovation.

Q: How has the partnership grown since its formation?

The partnership has grown from 40 to over 400 companies, including their customers, suppliers, bankers, shareholders, and regulators, indicating a strong commitment to achieving net zero emissions.

Q: What sectors will the partnership focus on?

The partnership will focus on decarbonizing heavy industry and transport, including sectors such as steel, cement, shipping, and aviation.

Q: How will the partnership drive change in these sectors?

The partnership will work to unify critical actors needed to influence and enable industry transformation, including businesses, finance, government, and civil society. It will also provide support and resources for implementing decarbonization strategies.

Summary & Key Takeaways

• The Mission Possible Partnership was launched as a platform to deliver the industry decarbonization blueprint outlined in the Energy Transition report.

• The partnership has grown from 40 to over 400 companies, aiming to forge net zero pathways and take necessary actions to achieve them.

• The partnership will focus on decarbonizing heavy industry and transport, collaborating across sectors and up and down supply chains.