Corporations Pledge to Buy ‘Green’ at Davos Gathering - The New...

Corporations Pledge to Buy ‘Green’ at Davos Gathering - The New York Times (nytimes.com)




This is pretty significant news.

"More than 50 corporations have joined a global “buyers’ club” that pledges to purchase aluminum, steel and other commodities made from processes that emit little to no carbon, a move that will be announced on Wednesday by leaders at the World Economic Forum in Davos, Switzerland.

John Kerry, President Biden’s special climate envoy, and a group of billionaire corporate titans — including Bill Gates, the co-founder of Microsoft, and Marc Benioff, the chief executive officer of Salesforce — are gathering at a Swiss Alps resort for the forum. The idea behind the buyers’ club, known as the First Movers Coalition, is to stoke demand for green versions of materials that have proved difficult to manufacture without significant carbon dioxide emissions. The governments of India, Japan, Sweden, Denmark, Italy, Norway, Singapore and Britain have also joined the coalition.

I think it’s fair to say that the situation in Ukraine has changed some people’s narrative,” Mr. Kerry said. “And there’s a risk here that some of the efforts which had a lot of momentum coming out of Glasgow are being relitigated, if you will, in certain quarters.” But, he added, “the private sector is stepping up here in an unprecedented way.”