Global major companies from various sectors announced at the virtual Davos World Economic Forum on Wednesday that they had agreed to cooperate on plans to decarbonize by 2050. The agreement, called the Mission Possible Partnership, aims at accelerating global efforts to tackle climate change. The deal represents seven industries: steel, chemicals, cement, aluminum, trucking, shipping, and aviation.
It also includes some of the world’s leading companies such as oil producer Shell, planemaker Airbus, airliner KLM, miner ArcelorMittal, and shipper Maersk. These companies will work together to decarbonize the whole supply chain together. For instance, Airbus, KLM, Shell, and airport Heathrow will map out plans to bring emissions in the aviation industry to zero. They will also collaborate on the development and transition to sustainable aviation fuels.
Under the Mission Possible Partnership, companies will collaborate with rivals, customers, investors, and suppliers to bring down emissions to net-zero by 2050. Bill Gates’ Breakthrough Energy fund and Jeff Bezos’ Bezos Earth Fund were among funders of the partnership.
