Mission Innovation is a global effort to accelerate formal and informal green power technologies to combat climate change, make renewable energy more accessible to customers and develop green employment and business possibilities. On November 30, 2015, President Obama of the United States launched Mission Innovation at COP21 on the leadership of the states parties. Bill Gates established Breakthrough Energy at the same time. President Hollande of France and Prime Minister Modi of India were also present at the event.

At the event, 20 countries pledged to quadruple their renewable energy research and development budgets in the five years leading up to 2020. By the end of 2020, the US Department of Energy will have received an additional $4 billion. China, India, the United States, Indonesia, and Brazil are among the five most populous countries. All 20 launch partner countries account for 75% of global CO2 emissions from electricity and more than 80% of global renewable energy R&D spending. Scientists, academics, and government officials who advocated for a Global Apollo Program earlier in 2015 suggested that the organization set a concrete goal of making renewable power cheaper and more efficient than coal by 2025, preferable.