Cement, steel, aluminum, and chemicals—as well as the ships, planes, and trucks that move them—are the building blocks for the global economy. However, they are also responsible for 30% of greenhouse gas emissions and, if business continues as usual, by 2030 these global industries will exceed the total amount of carbon the world can emit this century based on a 1.5°C carbon budget.
The Paris Agreement was a monumental achievement of multilateral cooperation that connected climate obligations to national borders, but it isn’t enough on its own. To decarbonize the global economy, we must think and act like the global economy; the climate action system needs ambitious national pledges under the Paris Agreement and net-zero commitments and coordinate action from global industries that cross national borders.
The Mission Possible Partnership is the command center for an ambitious effort to trigger a net-zero transformation of these seven industrial sectors, leveraging the convening power, talent, and expertise of world-leading organizations on climate action. Our goal is to propel a committed community of CEOs from carbon-intensive industries, together with their financiers, customers and suppliers, to agree—and more importantly, to act—on the essential decisions required for decarbonizing industry and transport in this decade.
We are orchestrating high-ambition disruption through net-zero industry platforms for seven of the world’s most carbon-intensive sectors. Each platform will follow a variation of a four-step process:
Step 1. Convene a critical mass of ambitious industry leaders and agree on a shared vision for sector decarbonization.
Step 2. Leverage existing analysis to develop a specific, viable, high-ambition roadmap to net-zero emissions by 2050.
Step 3. Develop commitments that tie concrete actions to roadmap milestones, therefore embedding the roadmap in corporate, investor, and policy strategies.
Step 4: Build the market infrastructure needed to track and support ongoing implementation of these ambitious commitments via metrics, standards, and toolkits.
MPP is comprised of four core partners – the Energy Transitions Commission, RMI, the We Mean Business coalition, and the World Economic Forum. The International Energy Agency will provide guidance and input on various aspects of MPP’s work, including engagement with governments and energy modelling. MPP’s efforts will be strengthened by the expertise of its supporting partners, which rank among the world´s most influential organizations in industrial decarbonization, finance and policy development. These include the Center for Climate-Aligned Finance, Ceres, the Climate Champions of the United Nations Framework Convention on Climate Change, the Global Maritime Forum, SYSTEMIQ, the United Nations Environment Programme Finance Initiative, and the World Business Council for Sustainable Development.