Rio Tinto announced that it will join the First Movers Coalition, a global initiative to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains. Rio Tinto Chief Commercial Officer Mr Alf Barrios said “We want to bring Rio Tinto’s considerable buying power to help build sustainable supply chains for emerging green technologies. The low-carbon transition is at the heart of our business strategy and success will require large scale of change throughout the value chain, which our pledges to the First Movers Coalition are aimed at supporting. As a member of the First Movers Coalition, we also look forward to building on our existing network of partnerships to support the development of new technologies to help power our way to a net-zero future.”The initiative is led by the World Economic Forum and the US Government and targets sectors including aluminium, aviation, chemicals, concrete, shipping, steel, and trucking, which are responsible for 30% of global emissions. This is expected to rise to over 50 per cent by mid-century, unless there is urgent progress on clean technology innovation. More than 50 companies with a collective market value of about USD 8.5 trillion across five continents now make up the coalition to create early markets for innovative clean energy technologies.
Rio Tinto announced that it will join the First Movers Coalition, a global initiative to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains. Rio Tinto Chief Commercial Officer Mr Alf Barrios said “We want to bring Rio Tinto’s considerable buying power to help build sustainable supply chains for emerging green technologies. The low-carbon transition is at the heart of our business strategy and success will require large scale of change throughout the value chain, which our pledges to the First Movers Coalition are aimed at supporting. As a member of the First Movers Coalition, we also look forward to building on our existing network of partnerships to support the development of new technologies to help power our way to a net-zero future.”The initiative is led by the World Economic Forum and the US Government and targets sectors including aluminium, aviation, chemicals, concrete, shipping, steel, and trucking, which are responsible for 30% of global emissions. This is expected to rise to over 50 per cent by mid-century, unless there is urgent progress on clean technology innovation. More than 50 companies with a collective market value of about USD 8.5 trillion across five continents now make up the coalition to create early markets for innovative clean energy technologies.
