Mission Possible Partnership

As 2024 ends, it's an opportunity to reflect on significant milestones in our mission to decarbonise the heavy industry and transport sectors. 🚢✈️🏗️🚛🏭 Throughout 2024, MPP and the Industrial Transition Accelerator (ITA) have operated at the crossroads of critical geopolitical, economic, financial, and national dynamics: ✅ MPP supported ~190 projects (25% of global pipeline) either directly or indirectly ✅ MPP launched the #GlobalProjectTracker shedding new light on the state of transition in seven heavy industry and transport sectors, which account for 30% of global carbon emissions and showing the growing pipeline of industrial projects. https://bit.ly/3ZK4A9t ✅ Working alongside RMI in California and Texas we have been working on the ground with green project developers at two clean industrial hubs. Supported by the Bezos Earth Fund, we are accelerating industrial #decarbonisation by concentrating opportunity and distributing risk. https://bit.ly/4gG5aMo ✅ MPP launched a report revealing that #GreenMarketMakers (GMMs)—innovative intermediaries between sellers and buyers—are one of the most efficient ways to deploy public funds for scaling up industry transitions. https://bit.ly/3ZNFRRN ✅ Partnering with Systemiq Ltd., Green Finance Institute and 14 CEOs across aviation, #ProjectSkyPower launched with the aim to advance large-scale #eSAF production and make Europe the global leader. https://bit.ly/3DpFvcq ✅ The ITA developed and launched three tools to help suppliers, buyers and policymakers support green transactions – Green Demand Policy Playbook, Green Purchase Toolkit (with WBCSD – World Business Council for Sustainable Development) and Standards Map (with RMI).  https://bit.ly/4foJQtH ✅ The ITA, backed by over 50 business leaders, coalitions and financial institutions, issued an Open Letter calling on governments to take urgent action to stimulate demand for low-and-near-zero-carbon commodities. https://bit.ly/4gphHEc ✅ The ITA announced partnerships with Brazil, the UAE and Bahrain to support industrial decarbonisation in Brazil (https://bit.ly/4fwZhQC) and across the MENA (https://bit.ly/3BEW7wm) region. 2025 will bring the challenge of how to scale low-carbon industrial production, unlocking cost reductions and exponential growth. We’re looking forward to partnering with others to accelerate the change. See you in 2025.

#GlobalProjectTracker insight 10/10: A 5x scale-up needed to achieve 2030 targets Reaching 2030 climate targets requires a fivefold increase in financed projects within the next two years. Currently, green projects avoid 2Gt of CO₂ annually, but scaling capacity to meet targets could deliver up to 7Gt of emissions reductions by 2040. This transformation would unlock millions of green jobs and deliver significant environmental and economic benefits. However, the window for action is closing fast – project financing and construction must accelerate now. This is insight 10 of 10 from our latest report – outlining the urgent steps needed to meet global #NetZero goals. Read more: https://bit.ly/41j9Y5O #ClimateAction #GreenProjects #Sustainability #MissionPossible #Decarbonisation

#GlobalProjectTracker insight 9/10: Unlocking $1tn through embedded demand The green project pipeline has $1 trillion of investment potential. Yet, only 9% of the required capacity for 2030 is financed or operational. The key to closing this gap lies in embedding demand for green commodities like low-carbon cement, steel, ammonia, and SAF. Policies such as SAF mandates and embodied carbon limits are proving effective in triggering demand and driving upstream investment. Now, rapid policy deployment is needed to secure the markets, build confidence, and unlock supply at scale. This is insight 9 of 10 from our latest report – showing how targeted action can deliver #NetZero transformation. Read more: https://bit.ly/41j9Y5O #GreenEconomy #SustainableInvestment #MissionPossible #Decarbonisation #NetZero

#GlobalProjectTracker insight 8/10: Market uncertainties stall progress in key sectors While momentum builds in some areas, challenges persist. The steel sector recorded zero new FIDs (Final Investment Decisions) in the past six months, and the chemicals and aviation pipelines faced notable cancellations. Rising costs, policy uncertainty, and a lack of buyers are slowing progress. For example, five Sustainable Aviation Fuel projects were discontinued, citing financial risks. To stay on track, targeted interventions are needed to reduce uncertainties, stimulate demand, and bring projects back into focus. Building confidence is key to unlocking investments and accelerating decarbonisation. This is insight 8 of 10 from our latest report – addressing barriers to #NetZero progress. Read more: https://bit.ly/41j9Y5O #Decarbonisation #GreenInvestment #NetZero #MissionPossible #Sustainability

#GlobalProjectTracker insight 7/10: Global supply chains are shifting in response to policy Government policy is reshaping global supply chains. In China, the inclusion of cement, steel, and aluminium in its national carbon market is driving emissions reductions. Meanwhile, Europe's CBAM (Carbon Border Adjustment Mechanism) is influencing exporters to adopt green production. Brazil’s green ammonia pipeline, for example, is export-focused, targeting premium markets in Europe. Similarly, US policies under the Inflation Reduction Act (IRA) are enabling clean fuels to compete globally. As countries leverage policy to embed green demand, the landscape for industrial decarbonisation is shifting – unlocking opportunities and driving competitiveness. This is insight 7 of 10 from our latest report – exploring global dynamics in the clean energy transition. Read more: https://bit.ly/41j9Y5O #PolicyAction #NetZero #GreenSupplyChains #Decarbonisation #MissionPossible

📣 New issue of Signal from MPP: Reflections and opportunities As we close out 2024, Mission Possible Partnership CEO Faustine Delasalle reflects on our collective progress toward industrial and transport decarbonisation – and the challenges ahead: 🔹 From ambition to action: In just five years, near-zero emissions across heavy-emitting sectors have moved from inconceivable to inevitable. Yet, of the nearly 700 green industrial projects in the pipeline, only 136 have reached Final Investment Decision (FID). That’s less than 20% of what we need for 2030. 🔹 A two-year window: The next two years are critical. Without rapid acceleration, green production facilities won’t be online in time to make a dent in global emissions by 2030. We also hear from James Schofield, Deputy Director of the Industrial Transition Accelerator (ITA), fresh from COP29. Key takeaways? Collaboration matters more than ever, and while global agreements stall, sectors like steel, cement, shipping, and aviation are ready to decarbonise. Also in this issue: 🔹 Action over words: Policies that stimulate demand for green products – like public procurement and embodied carbon limits – can unlock $1 trillion in stalled investments and bring over 500 projects to life. 🔹 Green growth emerging in the global South: From Brazil’s leadership in green ammonia to Southeast Asia’s SAF boom, the shift is underway. 🔹 2025 needs to be a year of acceleration. The window is closing, but the opportunities are massive. Read the full Signal issue for insights, updates, and a forward-looking perspective.

#GlobalProjectTracker insight 6/10: Green ammonia drives a tipping point for hydrogen The green ammonia sector is showing remarkable progress. With 42% of 2030 targets already financed or operational, this sector is leading the way for green hydrogen production. As green ammonia scales, it can drive down costs for other sectors reliant on hydrogen, including steel, shipping, and aviation. In Brazil, Ceará's Port of Pecém is emerging as a hub for green hydrogen projects, while India continues to lead with federal incentives and mandates for fertiliser production. These developments could unlock a global cost cascade, accelerating decarbonisation across heavy industries. This is insight 6 of 10 from our latest report – uncovering sectoral momentum and opportunities for #decarbonisation. Read more: https://bit.ly/41j9Y5O #GreenHydrogen #GreenAmmonia #MissionPossible #IndustrialTransformation #Sustainability

Check out what are Systemiq Ltd. & Brazilian Energy team is up to: we are leading one of the main Industrial Transition Accelerator (ITA) programs in close collaboration with Brazil’s Ministry of Development, Industry, Trade, and Services (MDIC) on how to scale & accelerate green industrial projects. See link to our first insights briefing below. For next year, we have selected the first 3 flagship projects to support: 1/ European Energy is developing Brazil’s first large-scale plant to produce synthetic methanol from green hydrogen (e-methanol) in the Suape Industrial and Port Complex, targeting a production capacity of 100,000 tonnes per year. 2/ The Fortescue H2V project is developing an integrated green hydrogen and ammonia facility in the Port of Pecém aiming to produce 0.9 million tonnes of ammonia per year. 3/ Green Energy Park | Global is developing a green ammonia production and export facility in the State of Piauí whose first phase is targeting an export capacity of 2.1 million tonnes per year. More projects to follow! As well as more learnings from this endeavor as none of this is easy. With Mission Possible Partnership Marc Farre Moutinho James Schofield Faustine Delasalle

#GlobalProjectTracker insight 5/10: Policy drives momentum for Sustainable Aviation Fuels (SAF) Momentum is building for Sustainable Aviation Fuels (SAF) in Asia and Europe, as policy and mandates begin to reshape the aviation landscape. Countries like Singapore, Indonesia, and Malaysia have set blending mandates, targeting up to 3–5% SAF by 2030. These initiatives are creating enabling environments for SAF production, with new projects announced and existing plants advancing. However, challenges persist. With just 17% of the required SAF plants financed or operational, urgent action is needed to scale up investment. SAF remains pivotal to decarbonising aviation, and accelerating its rollout will be key to meeting 2030 emissions targets. This is insight 5 of 10 from our latest report – highlighting critical milestones for industrial #decarbonisation. Read more: https://bit.ly/41j9Y5O #SustainableAviationFuel #NetZero #MissionPossible #GreenProjects #Sustainability

Here's something interesting from Net Zero Tracker, the 'Net Zero Conveyor Belt' model. Created by John Lang, it illustrates how diverse yet complementary institutional tools can collectively guide the private sector toward credible net zero.