Mission Possible Partnership

A green gridlock for industrial decarbonisation? The pipeline of new projects is strong and growing but we need five times more fully approved clean industrial projects to operationalise the 700+ green facilities needed this decade. Implementing government policy can help stimulate green demand and unlock the $1tn of investment needed for planned projects. In our latest update from the #GlobalProjectTracker we’ve outlined 10 key insights. Swipe below to read the summaries, or read the full report here: https://lnkd.in/exqk_dWE #IndustrialDecarbonisation #ClimateAction #NetZero #SustainableInvestment #MissionPossiblePartnership

Over the past two weeks at #COP29 we’ve witnessed incredible momentum, insightful discussions, and tangible actions driving the global transition to a net-zero future. Here’s some of our highlights: ? We need to accelerate industrial decarbonisation: While the pipeline of decarbonised projects is growing, only 20% of the required financing has been secured. To meet the 1.5°C target, 700+ green facilities across steel, cement, aviation, and other sectors must reach Final Investment Decision (FID) in the next two years. Explore the latest insights in our updated Global Project Tracker: https://lnkd.in/erETqtb8 ? Unlocking green demand: The launch of the Green Demand Policy Playbook by our colleagues at the Industrial Transition Accelerator (ITA) offers governments a clear pathway to stimulate demand for low-carbon materials, chemicals, and fuels. By embedding supportive policies, we can unlock the $1 trillion investment needed to scale these projects. Dive into the playbook here: https://lnkd.in/dPSWqX5t ? Global collaboration: An open letter, endorsed by 50+ business leaders and coalitions representing over 1,000 companies, called on governments to implement green demand policies. This collective effort underscores the urgency and shared commitment to building a sustainable future. Read the letter: https://lnkd.in/gd_VXDGG ? Pivotal dialogues: From the Sustainable Innovation Forum to high-level roundtables, leaders tackled the critical barriers to decarbonisation - demand uncertainty, financing gaps, and policy delays. The message was clear: the technology exists, now we need the policies to scale it. During our main stage event with Breakthrough Agenda we brought together leaders to discuss crucial topics such as international collaboration and the urgent need for clean technologies and sustainable practices. COP29 demonstrated that while challenges remain, collaboration across industries, governments, and finance can overcome these hurdles. We leave with a renewed sense of purpose and actionable solutions to deliver on the promise of a net-zero economy. Next up, turning these commitments into action. Together, we can make it #MissionPossible. #NetZero #GreenFinance #IndustrialDecarbonisation #Sustainability #GlobalProjectTracker #GreenDemandPolicy?

??While the 2nd week of COP was underway, I was attending the International Fertilizer Association (IFA) Summit in Madrid to discuss the important question of the #decarbonisation of #fertiliser production, especially ammonia-based nitrogen fertilisers. Thank you Alzbeta Klein, CFA for your invitation. ??Global #ammonia production represents 1.2% of global CO2 emissions. It is primarily used in fertilisers (but also in explosives, more on this soon!). ??Clean ammonia production though is a critical unlock for #industry & #transport decarbonisation: ?↘?It can cut the aforementioned 1.2% of emissions. ???It can enable global trade of #hydrogen - which is easier to ship around as ammonia - enabling markets to source H2 from the cheapest producing locations. ???It is a leading contender as a sustainable fuel for #shipping. ???If clean ammonia production scales up sufficiently, it could bring down the cost of clean hydrogen, making it easier for other sectors like steel or aviation to decarbonise. ??In theory, the transition from high-carbon to low-carbon fertilisers should be high on governments' priority list. ??However I have been warned multiple times: the fertiliser industry and farmers feed our families, which makes any effort to decarbonise the industry too politically flammable. You'll be accused to put food security and farmers' livelihoods at stake. As a French citizen, I know a thing or two about farmers' protests... ??It's easy to reach the conclusion that this is a dead end. But I tend to be stubborn. So I asked: ???What if policy mandated use of green fertilisers, not for 100% of consumption (which could multiply food production costs & is indeed a no-go), but for 1% to start with (adding less than 0.001% to food prices) ramping up as prices come down? ???What if food & beverage companies, which have higher margins than the rest of their supply chain, were compelled to pay the price difference? ???What if essential food products could be shielded of price increases? ???What if low-carbon fertiliser use was combined with precision & regenerative agriculture practices, enabling lower use of fertilisers in a way that compensates for the green premium? ?????????What if intermediaries like H2Global Foundation could absorb any remaining price difference & also ensure that suppliers benefit from 10-year contracts while farmers continue with short-term purchasing practices? ???What if commodity traders & agricultural input distributors were unexpected allies on that journey? ?????????What if progress started in unexpected markets, big emerging countries like Brazil & India that currently import huge quantities of expensive fertilisers and are ideal locations to produce cheap green ammonia? ????None of this is easy, but farmers are among the first victims of climate breakdown. We cannot afford not to try innovative approaches. Let me know your thoughts & join Mission Possible Partnership in our exploration of potential solutions!

A great honour to participate in the launch event of Industrial Transition Accelerator (ITA) in the #MENA region in the patronage of #UAE Ministry of Industry & Advanced Technology | ????? ??????? ???????????? ???????? on the last day of the amazing ADIPEC Exhibition and Conference week prior to COP29 Azerbaijan. Principes Global Climate Fund was launched at COP28 UAE, we follow our commitment by contributing to the #UAEConsensus, and focus on growth and infrastrctuture investments for the decarbonization of the #hardtoabate #industrial and #transport sectors, and look forward to working with Industrial Transition Accelerator (ITA) closely in #MENA, #Brazil and beyond! Gustavo Cortes de Lima Principes Partners James Schofield Fatma H. Nabil Ayoun MSc MEng Marc Farre Moutinho Charlie McLellan Marcin ?cigan Kinza Mishal Oliver Wyman Mission Possible Partnership

Industrial #decarbonisation is within reach. The technologies and solutions already exist within heavy industry and transport to enable rapid decarbonisation, but progress to start production of these solutions is lagging. New Mission Possible Partnership data shared last week at #COP29 shows that out of an estimated 700 projects needed by 2030, only 136 have made it past Final Investment Decision. The primary roadblock? Uncertainty over the demand for low-and near-zero-carbon materials, chemicals, and fuels. Government policies must be strengthened to stimulate demand and support the supply of these clean technologies. Last week, our team from the Industrial Transition Accelerator (ITA) launched the 'Green Demand Policy Playbook', intended to inform and support domestic policy making. It sets out a range of policy measures available to governments to create demand for low- and near-zero-carbon products. Governments have a fundamental role in accelerating the industrial transition. What we need to achieve is not possible without implementing supportive policy to structurally embed demand. To find out more, visit https://lnkd.in/dsEDHyf8 #IndustrialTransitionAccelerator #GreenPolicyPlaybook

What is an "ideal" checklist for the next round of Nationally Determined Contributions (NDCs) due in 2025 by COP30? Countries should prioritise delivering high ambition #NDCs including: -Comprehensive coverage of economy-wide targets -Cear ambition and absolute emissions reductions targets for each sector -Clear policy framework to support the delivery of economy-wide and sector-specific targets -Quantified finance needs to deliver conditional and unconditional targets For international climate finance, NDCs should serve as investment plans and make explicit the amount of finance required, and by when, to deliver on conditional and unconditional targets. Now is a critical period for governments to commit to more ambitious NDCs and stronger links between targets and supporting policies at the national level. NDCs can and must turn ambition into action and policymakers should feel confident in their ability to set and deliver on more ambitious targets. Read our analysis: https://lnkd.in/eQfdmpgj

At COP29 Azerbaijan, where the focus has been on unlocking finance, we reached a significant milestone for supporting industrial decarbonisation action across emerging and developing countries. Yesterday, Germany and the United Kingdom pledged $420 million for this sole purpose. This enhances the Climate Investment Funds's industrial decarbonization program announced at the Clean Energy Ministerial last month, pushing the available concessional grant to almost $1.5 billion. Working in sync with this financial assistance, the Global Matchmaking Platform launched last weekend gets strengthened to unlock the assistance required by interested countries. It was an honor to be part of this important moment, marked by the announcements by Vice Chancellor Robert Habeck of Germany, Secretary of State Miliband from the UK, and my dear friend Jacob James Thoppil from CIF. The deadline for governments to submit expressions of interest for financial support through this funding window is short, by mid-January. So if interested, please apply or reach out soon. Learn more about this COP29 Pledge for scaling assistance for industrial decarbonisation here: https://lnkd.in/eaMphWuk UNIDO UNIDO's Industrial Decarbonization Accelerator Mission Possible Partnership International Energy Agency (IEA) OECD - OCDE Till Tibbe Rana Ghoneim Riccardo Savigliano Andreea Miu Maria Vittoria Bini Hien Tran Walker Darke Faustine Delasalle James Schofield Daniel F. Morris

Great to see UK setting an exponential goal for SAF by 2030. This will get the innovation and investment going. 10% may sound low but it's 1000x the 2000 level, that's exponential!! My prediction - by 2030 the 2040 goal of 22% will look easy and be ratcheted up to above 50%!!! This is exactly the kind of goal launched by the High-Level Climate Champions Alok Sharma 2030 Breakthroughs at COP26 - UN Climate Change Conference and driven by the great work of partners like Mission Possible Partnership Energy Transitions Commission Industrial Transition Accelerator (ITA) Aviation Impact Accelerator (AIA) Faustine Delasalle Ita Kettleborough Jennie Dodson Gonzalo Mu?oz Abogabir CMG

This Thursday, MPP CEO and Industrial Transition Accelerator (ITA) Executive Director, Faustine Delasalle, will be speaking at IFA’s Strategic Forum Conference in Madrid, 8.30 -10.30am CET. This International Fertilizer Association (IFA) event will examine the evolving commodity landscape, exploring fertiliser industry dynamics. The chemicals sector, and ammonia production in particular, is a core focus for both MPP and the ITA. Faustine will be participating in the session 'Navigating the regulatory environment'. #IFAStrategicForum2024 @FertilizerNews https://www.fertilizer.org/

?? REMINDER: Our team at the Industrial Transition Accelerator (ITA) is hosting 'Unlocking bankable green industrial projects' at #COP29 today. Details below. Join the ITA, in collaboration with the Brazilian and UAE Governments, for a pivotal roundtable on deep #decarbonisation. This 90-minute session will highlight how the ITA’s Project Support Programmes are guiding essential heavy industry and international transport decarbonisation projects towards final investment decisions across Brazil and the UAE. Key speakers will include representatives from Brazil's Ministry of Development, Industry, Trade, and Services (MDIC) and the UAE's Ministry of Industry & Advanced Technology | ????? ??????? ???????????? ???????? (MoIAT), who will present the economic promise of green industrialisation. Attendees will also gain insights from select project developers working with ITA to advance sustainability goals for 2030 and beyond. ??? Date: Saturday, 16 November ?? Time: 17:00-18:30 Azerbaijan time ?? Location: Mugham Room, Blue Zone, COP29 Don't miss this chance to explore how green industrial projects can shape a net-zero future. #SustainableIndustry #GreenFinance #Decarbonization #NetZero