At the 2nd Mission Innovation Ministerial in Beijing, Ministers launched the Mission Innovation Action Plan and endorsed its four goals. The four goals are as under:
Double Governmental Investment in Clean Energy Innovation. Each participating country will seek to double its governmental and state-directed clean energy research and development investment over five years i.e with base of 2015 to 2020. New investments would be focused on transformational and scalable clean energy technology innovations. Research and development projects would be designed and managed to attract private investors willing to advance commercialization. While each participating country’s clean energy innovation portfolio is unique and reflects national priorities, all participating countries share the common goal to accelerate the pace of the clean energy revolution now underway in an appropriate way.
Private Sector and Business Leadership. Business needs to play a vital role in the commercialization and cost-effectiveness of clean energy breakthroughs, and participating countries commit to work closely with the private sector as it increases its investment in the earlier-stage clean energy companies that emerge from government research and development programs. Participating countries especially commend the contribution being made by a group of investors through the Breakthrough Energy Coalition. Participating countries also look forward to working with additional private sector partners who are willing to share our common goal of increasing investment for clean energy innovation.
Implementation. Participating countries will implement Mission Innovation in a transparent, effective, and efficient manner. Working with existing international institutions, participating countries will cooperate and collaborate to help governments, private investors, and technology innovators to make available data, technology expertise, and analysis in order to promote commercialization and dissemination of clean energy technologies so they reach global market penetration.
Participating countries will build and improve technology innovation roadmaps and other tools to help in our innovation efforts, to understand where research and development is already happening, and to identify gaps and opportunities for new kinds of innovation. Participating countries may also pursue joint research efforts through public-private partnerships as well as joint research among participating countries.
Information Sharing. Each participating country commits to provide, on an annual basis, transparent, easily-accessible information on its respective clean energy research and development efforts to promote transparency, engage stakeholders broadly, collaborative opportunities, and provide the private sector more actionable information to improve its ability to make investment decisions.