(CercleFinance.com) – Rio Tinto announced today that it will join the First Movers Coalition, a global initiative to drive the commercialization of carbon-free technologies by harnessing consumer power and supply chains.
More than 50 companies, representing a collective market value of approximately $8.5 trillion across five continents, are now part of the coalition to create early markets for innovative clean energy technologies.
The initiative is led by the World Economic Forum and the US government and targets sectors such as aluminum, aviation, chemicals, concrete, shipping, steel and trucking, which are responsible for 30% of global emissions.
‘The transition to a low-carbon economy is at the heart of our strategy and its success will require changes across the value chain, which our commitments to the First Movers coalition aim to support’, says Alf Barrios, commercial director of Rio Tinto.
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