Mission Possible Partnership

This week we’re at London Climate Action Week, tipping the scales on industrial decarbonisation… ⚖ In April we launched the #GlobalProjectTracker, a groundbreaking tool developed by Mission Possible Partnership and supported by the Industrial Transition Accelerator (ITA). This tool maps the operations, investment decisions, and announcements of net-zero-aligned assets across seven critical industrial sectors - aluminium, cement, chemicals, steel, aviation, shipping and trucking. 🏗️🚢✈️ Our April data revealed progress is being made, but the pace needs to accelerate. ⏩ Fast-forward to Climate Action Week and we’re sharing new insights that show HOW we can drive that acceleration. Discover a taster of the 10 key takeaways below. Full insights coming tomorrow (27.06.24). Join us in accelerating the journey to net-zero emissions by 2030. Together, we can make a difference! 💪🌱 #NetZero #Decarbonisation #Sustainability #IndustrialTransformation #MissionPossible

To achieve a net-zero economy built on clean electricity, annual global wind generation would need to grow ten-fold (2,000 TWh in 2022 to 20,000 TWh in 2050), complemented by a 30-fold increase in solar generation, from today's 1,000 TWh. #OffshoreWind is already delivering large-scale clean electricity around the world. Installations are growing rapidly. From 2015 to 2023, global capacity expanded 6x from 12 to 74 GW, already producing energy for around 90 million households.      However, for most countries, projections of installed offshore wind capacity to 2030 fall far short of the installations required for a net-zero-compatible scenario. Policy reform should aim to close this gap as much as possible.  Read more in our Insights Briefing: https://lnkd.in/e4UettAy 

Domestic decarbonizer, exporter or purpose-driven player: the 3 pathways towards #LatinAmerica's clean #hydrogen future. Find out more: https://lnkd.in/e4K99AYS Accenture Muqsit Ashraf Jörgen Sandström

The ETC EU factsheet, "Financing the energy transition in the EU” highlights that low-carbon finance in the EU must nearly double to achieve the bloc’s climate targets. In some areas, the EU can and has taken a global leadership role by making early investments in scaling up low-carbon technologies, driving down costs and accelerating their adoption globally. With well-designed and convincing policies, private investment can fund most of the transition. However, confidence in EU’s commitment to low-carbon technologies is waning due to policy delays and weakening initiatives. Timely and consistent policymaking, de-risking investment, and coordination and simplification of public funding are needed now to unlock waves of investment and attract private capital. Find out more here: https://lnkd.in/eJ7a_dm9

Increasing investment in clean hydrogen requires coordinated engagement between financial institutions, project developers, and policymakers. RMI and Mission Possible Partnership are mobilizing clean hydrogen buyers’ clubs and market mechanisms to aggregate demand and tee up bankable offtake contracts. RMI is also connecting the Hydrogen Demand Initiative with the financial sector to support design of the U.S. Department of Energy’s up-to-$1 billion demand-side incentive. Learn more from RMI’s Shravan Bhat, Nabil Bennouna, and Valeriya Azarova’s op-ed in Latitude Media: https://bit.ly/3yAuyTl #Hydrogen #CleanHydrogen #ClimateFinance

We're proud to be partnering with BusinessGreen's Net Zero Festival 2024. The event celebrates and promotes the best of the #netzero transition, and in the process allow businesses, investors, policymakers, and campaigners to share the experience and best practices that would allow everyone to move faster, together in pursuit of net zero goals. There's already a fantastic line up of speakers and sessions and we'll be revealing more about MPP's participation in the coming weeks. Check out the agenda here: https://lnkd.in/erZjNg-r

Back in Paris, following a visit to Perth, WA, to discuss OECD - OCDE project on green #iron, including a case study on Australia. Very impressed by WA colleagues work on #steel #decarbonisation pivoting from the world largest iron ore exporter to a global hub for green iron. Thanks to David Trotter from the Minerals Research Institute of Western Australia (MRIWA), Alannah MacTiernan from GFG Alliance, Joe Wyder and other colleagues from EPWA and JTSI and to Tristy Fairfield, who helped set up a great impromptu round table with various civil society organisations in WA including WWF, the Metal Workers Union, the The Superpower Institute the Smart Energy Council and Mission Possible Partnership. Rachel Howard Baethan Mullen Darcy Gunning Rachael Roberts chris mcmahen Kylie Turner. If you have any questions on our green iron project, please send me a DM or contact me great team Gianpiero Mattera Anna Lockwood Adrien Corneille Danhak Gu Michael Alonzi

The technologies needed to decarbonise all sectors of the economy, including harder-to-abate sectors, have become increasingly mature.  In the buildings, light, aviation and trucking industries, solutions including residential and industrial heat pumps and sustainable aviation fuel (SAF) are already commercially available. For other harder-to-abate sectors of the economy, most decarbonisation technologies have moved from pilot to demonstration stage and are expected to become commercially mature over the next decade.  With 100 days until COP29 in Baku on the road to COP30, governments should reflect this technological progress now in "NDCs 3.0" to accelerate the energy transition.  Read the full insights briefing on #CredibleContributions: https://lnkd.in/eQfdmpgj  

MPP is partnering with Climate Action for the 9th Annual 'Sustainable Investment Forum North America', returning to #ClimateWeekNYC on 24th September. Recognised for uniting asset owners with over USD $3 trillion in assets under management, the Forum sets the stage for the finance community during UN General Assembly (UNGA) and Climate Week NYC. MPP has a 25% discount for our network to attend the Forum, use code MPP25. The Forum offers an unparalleled opportunity to enhance ESG disclosures, adeptly manage regulatory changes, and build strategic relationships with both local and global institutional investors, financial experts, and climate leaders. Join us to connect with, learn from and share insights with a community of Investment Managers, Insurers, Banks, Pension Funds, Multi- Laterals, Policymakers, Think Tanks and NGOs from North America and the rest of the world. Key Speakers: - Eric Usher, Head, UN Environment Programme Finance Initiative (UNEP FI) - David Atkin, CEO, Principles for Responsible Investment (PRI) - Nili Gilbert, Chair, GFANZ, Advisory Panel of technical experts, Chairwoman, David Rockefeller Fund - Carine Smith Ihenacho, Chief Governance and Compliance Officer, Norges Bank Investment Management (NBIM) - Pedro Guazo, Representative of the Secretary-General (RSG) for the Investment of the Assets, United Nations Joint Staff Pension Fund - Samantha Hill, Head of Sustainability Integration, CPP Investments  - Anna Murray, Senior Managing Director and Global Head of Sustainable Investing, Ontario Teachers’ Pension Plan (OTPP)  - Jean-Baptiste Tricot, Chief Investment Officer, AXA Group  - Peter Paul van de Wijs, Chief Policy Officer, Global Reporting Initiative (GRI) - Bertrand Millot, Head of Sustainability, CDPQ - Steven M. Rothstein, Founding Managing Director of the Ceres Accelerator for Sustainable Capital Markets, Ceres

Systemiq’s Managing Partner, Jeremy Oppenheim, recently joined Philippa Nuttall and Kathleen McLaughlin, Chief Sustainability Officer at Walmart, on an episode of the Sustainable Views podcast. In the episode, they delve into the pressing challenges of defining and managing Scope 3 emissions where Jeremy emphasized the need to prioritize direct decarbonization of value chains, while highlighting the importance of using all tools at our disposal for climate action, including high integrity carbon credits. “We’re firmly in territory where we need to combine driving decarbonization through (companies’ own) value chains with the fact we will have to do carbon removal at very large scale…we need to build an industry that is roughly the size of the oil and gas industry to do carbon removal over the next 25 years.” Click the link below to listen. #Scope3 #ValueChainEmissions #Decarbonisation #Sustainability #ClimateAction #CarbonRemoval #CarbonCredits