Climate Change

COP26: What is the First Movers Coalition?

'The First Movers Coalition, announced at COP26, is a partnership between the World Economic Forum and US Special Presidential Envoy for Climate John Kerry.' Image: UNSPLASH/William Hook

Kate Whiting

Senior Writer, Formative Content

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 Decarbonization technologies needed to reach net zero by 2050 could be widely available in the next decade, according to a new coalition of companies aiming to drive demand.  The First Movers Coalition, announced at COP26, is a partnership between the World Economic Forum and US Special Presidential Envoy for Climate John Kerry.  It’s a platform for companies to commit to buying zero-emission goods and services by 2030, to create demand for low-carbon technologies, make them cost-competitive and build the clean supply chains of the future.  The aim is for these commitments to be “significant enough” that industrial decarbonization technologies are commercially widespread within the next nine years.  Why does the First Movers Coalition need to create demand for clean tech?  Half the low-carbon technologies the world needs to reach net zero by 2050 - and limit warming to 1.5 degrees - are still in the early development or prototype stages, according to the International Energy Agency.
Image: IEA

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