Americas > COP27: Industry coalition pledges $12 billion to boost use of low-carbon tech in hard-to-abate sectors

COP27: Industry coalition pledges $12 billion to boost use of low-carbon tech in hard-to-abate sectors

Published 10:38 on November 8, 2022  /  Last updated at 12:56 on February 6, 2024  / Peter Kiernan /  Americas, Asia Pacific, EMEA, International, US

The First Movers Coalition, a global initiative launched last year to spur the decarbonisation of heavy industry and the long-distance transport sector, has expanded its coverage into two new energy-intensive sectors and will allocate $12 billion in green technology purchase commitments, US climate envoy John Kerry and the World Economic Forum announced on Tuesday.
The First Movers Coalition, a global initiative launched last year to spur the decarbonisation of heavy industry and the long-distance transport sector, has expanded its coverage into two new energy-intensive sectors and will allocate $12 billion in green technology purchase commitments, US climate envoy John Kerry and the World Economic Forum announced on Tuesday.


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