First Movers Coalition

  • November 6, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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First Movers Coalition

Subject – Environment

Context – First Movers Coalition is tackling the climate crisis

Concept –

  • The World Economic Forum is partnering with the US Special Presidential Envoy for Climate John Kerry and over 30 global businesses to invest in innovative green technologies so they are available for massive scale-up by 2030 to enable net-zero emissions by 2050 at the latest.
  • The First Movers Coalition, which was launched at the Climate Change Conference COP26, brings together global companies with supply chains across carbon-intensive sectors.
  • Founding members include A.P. Møller – Mærsk, Amazon, Apple, Bank of America, Mahindra Group, SSAB Swedish Steel, Trafigura Group, Vattenfall, Volvo Group, Yara International and Western Digital.
  • Action generated by the coalition will help transform eight hard-to-abate sectors: aluminium, aviation, chemicals, cement, direct air capture, shipping, steel and trucking. Together, these sectors represent more than one-third of the world’s carbon emissions.
  • The First Movers Coalition will collaborate with leading organizations and companies supplying clean energy technologies to design corporate purchasing commitments tailored to pull emerging technologies into the marketplace.
Environment First Movers Coalition