First Movers Coalition

In News

• Recently, India joined the First Movers Coalition to decarbonise carbon-heavy sectors.

About First Movers Coalition

• Initiative:
  • It is led by the World Economic Forum and the US government.
  • It was launched at COP26 as a flagship public-private partnership to clean up the most carbon-intensive sectors.
• Aim:
  • to create early markets for clean technologies through policy measures and private sector engagements.
  • 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.
• Target:
  • It is a global initiative aimed at decarbonising the heavy industry and long-distance transport sectors responsible for 30 percent of global emissions.
  • The First Movers Coalition targets sectors, including aluminium, aviation, chemicals, concrete, shipping, steel and trucking.
    • A proportion expected to rise to over 50 percent by mid-century without urgent progress on clean technology innovation.
  • The coalition also announced two new target sectors: carbon dioxide removal and aluminium, which join the four existing sectoral pledges (aviation, shipping, steel and trucking) launched at COP26.
• Participation:
  • 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.
  • India, along with Japan and Sweden, has also joined the steering board of the coalition.
• India’s initiative towards climate change:
  • India has been at the forefront of climate change actions.
  • The idea of LIFE – “Lifestyle for Environment” as highlighted by PM and the call for a global mass movement on sustainable lifestyles, is very critical for combating climate change.
  • India has also taken global leadership with initiatives like the International Solar Alliance, One Sun One World One Grid, and the Coalition for Disaster Resilient Infrastructure.

Source: BS