First Movers Coalition

Why in news?

• India has joined the First Movers Coalition, a global public-private partnership initiative aimed at decarbonising the heavy industry and long-distance transport sectors responsible for 30 per cent of global emissions.

About First Movers Coalition:

• The initiative was launched by President of the USA Joe Biden and the World Economic Forum (WEF) at COP26, UNFCCC.
• It brings together global companies with supply chains across carbon-intensive sectors.
• Founding members include Amazon, Apple, Bank of America, Mahindra Group etc.
• Action generated by the coalition will help transform eight hard-to-abate sectors:
  • Aluminum, Aviation, Chemicals, Concrete, Shipping, Steel, and Trucking; along with innovative Carbon Removal technologies.
  • Together, these sectors represent more than one-third of the world’s carbon emissions.

PRACTICE QUESTION:

Consider the following statements regarding ‘First Movers Coalition’

1. It was launched at 26th United Nations Climate Change conference

2. It aims to decarbonize the most carbon-intensive sectors such as the heavy industry and long-distance transport sectors

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer