What is the News?
India has joined a public-private partnership initiative called First Movers Coalition.
What is the First Movers Coalition?
Launched by: President of the USA and the World Economic Forum(WEF) at COP26.
Aim: To decarbonise the heavy industry and long-distance transport sectors that are responsible for 30 percent of global emissions.
Target Sectors: The target sectors include aluminium, aviation, chemicals, concrete, shipping, steel and trucking which are responsible for 30% of global emissions. Without any urgent progress on clean technology innovation, these sectors might witness over 50% of global emissions by mid-century.
Source: The post is based on the article “India joins First Movers Coalition to decarbonise carbon-heavy sectors” published in Business Standard on 26th May 2022.