The Mission Possible Partnership, a new coalition formed to accelerate the decarbonization of global industries representing 30% of global emissions, was launched at the Davos Agenda.
Run by the World Economic Forum, Energy Transitions Commission, Rocky Mountain Institute, the We Mean Business coalition, the Mission Possible Partnership aims to accelerate several pathways for decarbonizing heavy industry and transport by unifying the critical actors needed to influence and enable industry transformation at speed and scale.
The Partnership builds on the success of the Mission Possible Platform, which launched at the United Nations Secretary General’s Climate Action Summit in 2019, and has grown from 30 companies in 2019 to 400 – who all are committed to working on concrete actions towards net-zero. The International Energy Agency will be a strategic partner for the Partnership, central to engagement with governments and bringing to bear its expertise on modeling and technology roadmaps.
This initiative will help carbon-intensive sectors reach their targets and bring in the systemic change needed to succeed by providing a clear path to net zero emissions.
“As we move into the decade of delivery, we must not only grow the number of actors committed to a resilient, zero carbon future, we must foster the radical collaboration needed to drive transformational change in every sector of the economy,” said Nigel Topping, UK High-Level Champion, COP26. “To achieve these goals requires truly transformational change, and demands leadership and action from across each sector. We are thrilled to be working hand in hand with the Mission Possible Partnership to drive this work forward in seven of the heaviest emitting sectors of the economy.”
The Mission Possible Partnership will be the delivery mechanism for Race to Zero Breakthroughs in hard-to-abate sectors. These are specific near-term tipping points for each sector of the global economy in the race to net zero emissions, being launched by COP26 President Alok Sharma and US Special Envoy for Climate John Kerry as part of the Davos Agenda.
In late 2021, the Partnership will aim to showcase net-zero agreement breakthroughs in shipping, aviation, and steel. Within three years, it plans to help companies complete climate action agreements in these sectors as well as trucking, chemicals, cement, and aluminium.
Together, these seven sectors comprise 30% of global emissions. Within five years, the Partnership aims for clear shifts in investment patterns across the seven sectors and will be pursuing net-zero climate action agreements in additional sectors, including potentially food and agriculture.