Mission Possible Partnership

Fast-tracking the Green Industrial Revolution is Mission Possible! 📈🟢🌍 A new report by Mission Possible Partnership and Bezos Earth Fund reveals a toolbox of instruments for G20 governments to unlock a boom in low-carbon fertilisers, fuels, and essential materials within 10 years. The report, ‘Unleashing Market Forces to Scale Green Industry: The Role of Green Market Makers’, is published today at ‘Green Markets Day’ at #ClimateWeekNYC and demonstrates: - Economies of scale for green commodities can be achieved within a decade pushing them closer to parity with fossil-based equivalents. - G20 countries can accelerate the uptake of low-carbon products whilst optimising use of public funds and ensuring future industrial competitiveness. - #GreenAmmonia, #SustainableAviationFuels, #GreenSteel, and low-carbon cement markets are identified as priorities for rapid expansion through ‘Green Market Makers’.  The report has been developed by a working group comprising MPP and Bezos Earth Fund alongside RMI, Systemiq Ltd., Bain & Company, Center for Green Market Activation (GMA), H2Global Foundation, J.P. Morgan, and Morrison Foerster. Among the different mechanisms available, Green Market Makers (GMMs)—innovative intermediaries between sellers and buyers—are revealed as one of the most efficient ways to deploy public funds for scaling up industry transitions.  GMMs are deemed a ‘game-changer’ for green ammonia, sustainable aviation fuels (SAF), green steel, and low-carbon cement, capable of fast-tracking low-carbon commodity markets – comprising products that are essential building blocks of a decarbonised economy, on which agriculture, green buildings, green manufacturing, and other industries will rely.    The full report provides a toolbox for policymakers, industrial companies, and financial institutions, urging the deployment of GMMs with government-backed funds as a critical way to catapult early markets for low-CO2 solutions. Explore the full findings and download the report here: https://lnkd.in/eQrqrzHc #UnleashGreenMarketMakers #GreenMarketsDay24

We've partnered with Climate Action for the Sustainable Innovation Forum 2024. This will be the largest multi-stakeholder event during #COP29 in Baku on the 13-14 November. #SIF24 is a platform to share best practice in promoting transformative innovation and tangible climate action to help us go further, faster together. Register today: https://bit.ly/3Yxls3Z

How do we accelerate the take-off for e-SAF in Europe and achieve the paradigm shift necessary to achieve 2030 ReFuelEU and UK e-SAF mandates? Project SkyPower members have aligned on a 10-point action plan that, if implemented, could: 1️⃣ In the short term, provide a pathway to first investment decision (FID) for the first large-scale e-SAF plants in Europe by the end of 2025 2️⃣In the long-run, support the next wave of e-SAF projects and broader scale-up of e-SAF beyond 2030. This transition will not be driven by economics - it will be driven by political will and industry ambition. A fundamentally different approach is required in which the full value chain and policymakers put their weight behind the European e-SAF industry: ▶️ Policy makers need to scale direct support to e-SAF from the millions to the billions. ▶️ Offtakers need to sign 10+ year binding offtake agreements to provide revenue certainty ▶️ Financiers need to better understand the risks of FOAK (first-of-a-kind) e-SAF projects in order to manage them adequately and provide financing. Swipe below to view five short-term actions for first projects to get to FID in the next year, plus another five long-term actions needed to ensure the scale-up of e-SAF beyond 2030. Access the full ‘Accelerating the take-off for e-SAF in Europe’ report here: https://bit.ly/4f13MTY #ProjectSkyPower #EuropeanLeadership

✈ If you want to understand how to scale #eSAF production, a critical technology for the decarbonisation of #aviation, I can only recommend diving into the insights from #ProjectSkyPower, launched today! Congratulations to Maximilian Held, the ProjectSkyPower team & the climate-leading companies from the aviation value chain involved in this groundbreaking analysis! Most importantly, thank you for your commitment to now address the bottlenecks identified to unlock investment in the first eSAF plants in Europe. Mission Possible Partnership is proud to contribute to this effort!

✈️ E-SAF IN EUROPE: READY FOR TAKE-OFF? 🔩Decarbonizing aviation is one of the most complex challenges of the clean energy transition, and it’s also one of the most urgent. This is because even if Europeans drastically changed their flying habits - as we all should - emissions from the sector will keep growing in much more populated emerging countries, where people don’t fly nearly as much today. 🧑🏻🔬The only way out is through innovation - technological, of course, but also operational, behavioral and of many other types. There are many promising tech solutions on the horizon - including electric and hydrogen-fueled planes that are rapidly becoming a viable option for short hops in small planes. But these solutions are unlikely to work for the super-emitting long-haul segment, which relies on the unparalleled energy density and relative affordability of fossil jet fuels (the fact that they are generally not taxed doesn’t help). 🧪This is why low-carbon fuels for aviation, or SAF, are so crucial. These clean fuels mimic the technical specifications of fossil fuels and can be used in today’s planes, but with significantly lower emissions if done right. These fuels are very expensive and barely available today - just like solar panels were 40 years ago. 🔌Within SAF, synthetic fuels - made from clean hydrogen and carbon emissions. Among them, eSAF can lead to emissions reductions of more than 90%, lower barriers to scale than high integrity biofuels and can become more and more competitive as their production scales - particularly through additional innovation to reduce its very high energy intensity. 🇪🇺🇬🇧Thanks to the ambitious blending mandates from 2030 for eSAF in the EU and the UK, Europe is now home to 2/3 of the global eSAF project pipeline, but not a single commercial scale project has reached FID to date. We need to see progress urgently to make eSAF a commercial reality by the end of this decade, and unlock a global market in which Europe can play a leading role. 🤝 Project SkyPower is bringing together a whole new value chain with a shared goal - turning policy ambition into eSAF production and showing that clean aviation can be a reality, not a distant illusion. 🏗️As the initiative’s first insights report outlines, there are many challenges ahead, tough conversations to be had and compromises to be reached. It will take a village - and we at Breakthrough Energy are proud to help build it. Congratulations to the Project SkyPower secretariat, led by Systemiq Ltd., the Green Finance Institute and the Mission Possible Partnership, and to all the participating companies. Air France-KLM easyJet Victor Copenhagen Airports A/S Arcadia eFuels Velocys Topsoe SkyNRG Technip Energies ING Natixis Corporate & Investment Banking Rockton KGAL GmbH & Co. KG (KGAL) Marjan Rintel Amy Hebert Toby Edwards Paul Polman Anna Stratton Terri Wills Eveline Speelman Maximilian Held Julia Reinaud Joshua Garton Matteo Mirolo Trishla Shah

Earlier this year, I had the honour of joining Paul Polman and Marjan Rintel as co-chair of Project SkyPower, an urgent initiative dedicated to making e-SAF (electro-sustainable aviation fuel) a commercial reality in Europe within this decade.    Few industries face a more complex transition away from fossil fuels than aviation. To achieve a lower-emissions future and meet the increasingly stringent fuel mandates in the UK and EU, unlocking the potential of e-SAF is critical. Project SkyPower aims to drive that progress, and I’m proud to be part of this mission, leveraging Arcadia eFuels' expertise in developing commercial-scale e-SAF production facilities across Europe. With the dedication and expertise of our members from across the aviation value chain, we are poised to deliver tangible impact.    The action plan published today sets out what needs to happen to get first-of-a-kind projects in Europe to final investment decision before the end of next year and operational by 2030, tipping the technology behind e-SAF to scale. Beyond the obvious climate benefits of a lower-emissions fuel, a thriving e-SAF sector could create jobs, attract future investment and build trust that our industries can transform themselves for a new, more sustainable world. Let’s get to it.    Read more on the Project SkyPower website: https://lnkd.in/gJSEbYhF

✈ If you want to understand how to scale #eSAF production, a critical technology for the decarbonisation of #aviation, I can only recommend diving into the insights from #ProjectSkyPower, launched today! Congratulations to Maximilian Held, the ProjectSkyPower team & the climate-leading companies from the aviation value chain involved in this groundbreaking analysis! Most importantly, thank you for your commitment to now address the bottlenecks identified to unlock investment in the first eSAF plants in Europe. Mission Possible Partnership is proud to contribute to this effort!

✈️ E-SAF IN EUROPE: READY FOR TAKE-OFF? 🔩Decarbonizing aviation is one of the most complex challenges of the clean energy transition, and it’s also one of the most urgent. This is because even if Europeans drastically changed their flying habits - as we all should - emissions from the sector will keep growing in much more populated emerging countries, where people don’t fly nearly as much today. 🧑🏻🔬The only way out is through innovation - technological, of course, but also operational, behavioral and of many other types. There are many promising tech solutions on the horizon - including electric and hydrogen-fueled planes that are rapidly becoming a viable option for short hops in small planes. But these solutions are unlikely to work for the super-emitting long-haul segment, which relies on the unparalleled energy density and relative affordability of fossil jet fuels (the fact that they are generally not taxed doesn’t help). 🧪This is why low-carbon fuels for aviation, or SAF, are so crucial. These clean fuels mimic the technical specifications of fossil fuels and can be used in today’s planes, but with significantly lower emissions if done right. These fuels are very expensive and barely available today - just like solar panels were 40 years ago. 🔌Within SAF, synthetic fuels - made from clean hydrogen and carbon emissions. Among them, eSAF can lead to emissions reductions of more than 90%, lower barriers to scale than high integrity biofuels and can become more and more competitive as their production scales - particularly through additional innovation to reduce its very high energy intensity. 🇪🇺🇬🇧Thanks to the ambitious blending mandates from 2030 for eSAF in the EU and the UK, Europe is now home to 2/3 of the global eSAF project pipeline, but not a single commercial scale project has reached FID to date. We need to see progress urgently to make eSAF a commercial reality by the end of this decade, and unlock a global market in which Europe can play a leading role. 🤝 Project SkyPower is bringing together a whole new value chain with a shared goal - turning policy ambition into eSAF production and showing that clean aviation can be a reality, not a distant illusion. 🏗️As the initiative’s first insights report outlines, there are many challenges ahead, tough conversations to be had and compromises to be reached. It will take a village - and we at Breakthrough Energy are proud to help build it. Congratulations to the Project SkyPower secretariat, led by Systemiq Ltd., the Green Finance Institute and the Mission Possible Partnership, and to all the participating companies. Air France-KLM easyJet Victor Copenhagen Airports A/S Arcadia eFuels Velocys Topsoe SkyNRG Technip Energies ING Natixis Corporate & Investment Banking Rockton KGAL GmbH & Co. KG (KGAL) Marjan Rintel Amy Hebert Toby Edwards Paul Polman Anna Stratton Terri Wills Eveline Speelman Maximilian Held Julia Reinaud Joshua Garton Matteo Mirolo Trishla Shah

ACCELERATING THE TAKE OFF FOR ESAF IN EUROPE 🛫 ✈️ Global aviation demand is set to keep growing, especially in emerging markets where people don’t fly nearly as much as we do in Europe or North America. ⛽️ Innovation is the only way to diffuse this ticking emissions time bomb - and it all starts with clean aviation fuels that can be used in today’s planes, many of which will still be flying in 2050. In fact, fuels are expected to deliver around 2/3 of the total aviation emission reductions needed to reach net zero. ⚡️ eSAF, a synthetic aviation fuel produced from clean hydrogen and CO2, can complement high-integrity biofuels that are constrained by feedstock availability. Synthetic SAF can reduce emissions drastically, has fewer barriers to scale and can become more competitive over time through additional innovation. 🇪🇺🇬🇧 Europe has put in place the world’s most advanced policy framework to decarbonize aviation, which includes carbon pricing, binding blending mandates for SAF and eSAF to 2050 and steep penalties. The challenge today is turning these demand signals into final investment decisions - to finally make eSAF a commercial reality. 🤝 And this is exactly the objective of Project SkyPower, a groundbreaking initiative bringing together the whole aviation and energy value chains - from producers to offtakers, and everything in between - to make eSAF a commercial reality by 2030. In addition to its groundbreaking work to align over 50 organizations on eSAF techno economics, barriers to FID and possible solutions, the initiative has developed a 10 point action plan to ensure this nascent technology scales to meet our ambitious eSAF goals for 2030 onwards. 💡 The SkyPower experience is a blueprint for other sectors with hard to abate emissions, where progress requires a common vision and alignment between several new value chain actors that now need to work together. The Secretariat of Project SkyPower is led by @Systemiq, @ the Green Finance Institute, and the @Mission Possible Partnership. We are proud to support this initiative alongside our philanthropic partners at @CIFF and @Climate Works. 👉 Find out more in Project SkyPower’s first insight report, “Accelerating the take off for eSAF in Europe” https://lnkd.in/div-eEvs Air France-KLM easyJet Victor Copenhagen Airports A/S, Arcadia eFuels , Velocys Topsoe SkyNRG Technip Energies ING Natixis Investment Managers Rockton KGAL GmbH & Co. KG (KGAL) Marjan Rintel Amy Hebert Paul Polman Anna Stratton Terri Wills Eveline Speelman Maximilian Held Mariano Berkenwald ClimateWorks Foundation Children's Investment Fund Foundation (CIFF) Breakthrough Energy Green Finance Institute Ingrid Holmes Joshua Garton Project SkyPower Systemiq Ltd. Mission Possible Partnership European Commission European Investment Bank (EIB) Department for Transport (DfT), United Kingdom Direction Generale de l'Aviation Civile

🔔 After two months of engaging with transformative initiatives at Mission Possible Partnership, I’m wholeheartedly embracing the challenge and responsibility of my role as the MENA Programme Lead for the Industrial Transition Accelerator (ITA). For those who may not have heard of the ITA, it’s a global collaboration initiative aimed at unlocking investments and accelerating decarbonization solutions across heavy industry and transport. Launched at the COP28 UAE by the United Arab Emirates, UN Climate Change, and Bloomberg Philanthropies, the ITA brings together climate innovators, industry leaders, and governments to drive clean industrial projects in six key sectors—aluminum, cement, chemicals, steel, shipping, and aviation—that account for about 30% of global emissions. The last few weeks have been a whirlwind of engagements and outreach, working alongside dedicated collaborators to address the urgent challenges facing our industries. The ITA is focused on progressing the pipeline of net-zero-aligned projects and galvanizing leadership to overcome decarbonization challenges, ensuring that commercial-scale projects are operational by 2030 in line with the #ParisAgreement. It’s clear that we are at a pivotal moment, and I’m committed to playing my humble infinitesimal part in this crucial journey. A heartfelt thank you to James Schofield, Cathy Diana, SHRM-SCP, Dick Benschop, and Faustine Delasalle for their trust and instrumental support, and to everyone who has been part of this chapter so far. If you are in the heavy industries sector, I invite you to reach out to us to discuss tangible areas of collaboration ! 👉 https://lnkd.in/eZHDB_fB #MissionPossiblePartnership #IndustrialTransition #Decarbonization #Sustainability #MENA