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 23:21 on November 13, 2022  /  Americas, Asia Pacific, EMEA, International, US  /  No Comments

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 announced at COP27 in Sharm el-Sheikh on Tuesday.

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