Mission Innovation launched at the UN Climate Change Conference

Prime Minister David Cameron was in Paris to launch an international initiative that will see 20 countries double their state spending on clean energy research and development over the next five years.

The Prime Minister joined other world leaders in Paris including Presidents Obama and Hollande, President of the European Commission Jean Claude Juncker, ministers plus 16 other heads of government.

Mission Innovation will look to reduce the cost of clean energy by identifying where research, investment and development funding is most needed.

As part of its commitment to Mission Innovation’s targets, the UK is one of the countries that will double its central government spending and will work to increase collaboration between nations on clean energy projects.

Despite the costs of low carbon technology dropping significantly in recent years, further efforts are required  to allow countries to increase their mitigation ambition in the future.

Secretary of State for Energy and Climate Change Amber Rudd commented: “It’s clear we need to take urgent action to tackle climate change and move to a low carbon future to ensure our long-term economic security, that’s why I want a global deal in Paris which will help to create a level playing field for businesses and drive innovation.

“Investing more in R&D by both governments and the private sector is critical to ensure we harness and support the creativity, ingenuity and entrepreneurship of our universities and businesses in tackling the challenge of making clean affordable energy widely available.”

The government will focus £100 of its total spend  in 2020 on projects that will look to deal with the energy needs of developing countries and encourage low carbon development.

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