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WEF: Firms join First Movers Coalition, CEOs to help reskill 1 bn, and more

Some 70+ CEOs of the CEO Climate Leaders Alliance - the largest CEO-led climate action group globally - agreed on taking bold action to translate pledges into tangible emission reductions

The world’s CO2 emissions peaked just prior to the onset of the Covid-19 pandemic, then in 2020 registered the biggest annual decrease since at least 1965, according to data from BP Plc. (Photo: Bloomberg)
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CEOs agreed to push for progress on critical 2030 and 2050 global climate targets, to deliver a successful outcome at COP27 in Sharm el-Sheikh.

Business Standard
More companies join First Movers Coalition

More than 50 companies have now joined the First Movers Coalition, which was launched by US President Joe Biden and the World Economic Forum at COP26 to decarbonise the heavy industry and long-distance transport sectors — sectors responsible for 30 per cent of global emissions. At Davos, John Kerry, the United States Special Presidential Envoy for Climate, joined these companies in sending a powerful market signal to commercialise zero-carbon technology. Their combined market cap is about $8.5 trillion across five continents and they are making unprecedented advance purchase commitments by 2030.

Some 70+ CEOs