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Ecology & Environment
Mahesh

29/05/22 14:29 PM IST

First Movers Coalition

In News 
  • India has joined the First Movers Coalition, a global initiative aimed at decarbonising the heavy industry and long-distance transport sectors responsible for 30 per cent of global emissions.
First Movers Coalition 
  • The initiative was launched by President of the USA Joe Biden and the World Economic Forum (WEF) at COP26.
  • The coalition seeks to decarbonise the heavy industry and long-distance transport sectors that are responsible for 30 percent of global emissions.
  • Besides India, Denmark, Italy, Japan, Norway, Singapore, Sweden and the United Kingdom have also joined the US as government partners to create early markets for clean technologies through policy measures and private sector engagements.
  • The First Movers Coalition targets sectors, including aluminium, aviation, chemicals, concrete, shipping, steel and trucking, which are responsible for 30 per cent of global emissions - a proportion expected to rise to over 50 per cent by mid-century without urgent progress on clean technology innovation.
  • The coalition's members have committed to purchasing - out of their total industrial materials and long-distance transport spending - a percentage from suppliers using near-zero or zero-carbon solutions, despite the premium cost.
Source- Business Standard 

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