U.S. government launches initiative to promote market for low-carbon technologies
By Bradley Osborne - 8th November 2021
USA / UK – Ahead of the 2021 United Nations Climate Change Conference (“COP26”) held at the SEC Centre in Glasgow, UK, between 31 October and 12 November, U.S. President Joe Biden announced the ‘First Movers Coalition’, an initiative to create market demand for low-carbon technologies in order to make them cost-competitive. Founding members of the coalition include the Volvo Group, Scania, Trane Technologies, and ZF.
The coalition, formed in partnership with the World Economic Forum and U.S. Special Presidential Envoy for Climate John Kerry, requires members to make purchasing commitment in four sectors: shipping, aviation, steel, and trucking.
