- France mourns Mayotte victims amid uncertainy over government
- UK economy stagnant in third quarter in fresh setback
- Sweden says China denied request for prosecutors to probe ship linked to cut undersea cables
- African players in Europe: Salah leads Golden Boot race after brace
- Global stock markets edge higher as US inflation eases rate fears
- German far-right AfD to march in city hit by Christmas market attack
- Ireland centre Henshaw signs IRFU contract extension
- Bangladesh launches $5bn graft probe into Hasina's family
- US probes China chip industry on 'anticompetitive' concerns
- Biden commutes sentences for 37 of 40 federal death row inmates
- Clock ticks down on France government nomination
- 'Devastated' Australian tennis star Purcell provisionally suspended for doping
- Mozambique on edge as judges rule on disputed election
- Mobile cinema brings Tunisians big screen experience
- Philippines says to acquire US Typhon missile system
- Honda and Nissan to launch merger talks
- Police arrest suspect who set woman on fire in New York subway
- China vows 'cooperation' over ship linked to severed Baltic Sea cables
- Australian tennis star Purcell provisionally suspended for doping
- Asian markets track Wall St rally as US inflation eases rate fears
- Luxury Western goods line Russian stores, three years into sanctions
- Wallace and Gromit return with comic warning about AI dystopia
- Philippine military says will acquire US Typhon missile system
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- Honda and Nissan expected to begin merger talks
- 'Draconian' Vietnam internet law heightens free speech fears
- Israeli women mobilise against ultra-Orthodox military exemptions
- Asian markets track Wall St rally as US inflation eases rate worries
- Tens of thousands protest in Serbian capital over fatal train station accident
- Trump vows to 'stop transgender lunacy' as a top priority
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- South Star Battery Metals Announces Upsize of Non-Brokered Private Placement to Raise Up to US$3.20M, Extends Closing and Amended and Restated Stream Agreement
- Brightline Interactive Successfully Delivers A Scalable Immersive Simulation To A Global Government Service Integrator, Positioning Itself As A Leading Operating System For Processing And Visualizing Complex Information In 3D Space
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- Alset AI Broadens Investment Policy to Embrace Decentralized AI, Quantum AI, Quantum Computing, and Cryptocurrency Opportunities
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- Zomedica Launches Two New Quantitative Assays on the TRUFORMA(R) Platform: Canine NT-proBNP and Progesterone
- MainStreetChamber Holdings, Inc. Submits 15(c)211 Application
- InterContinental Hotels Group PLC Announces Transaction in Own Shares - December 23
- Melrose Group Publicly Files Complaint to the Ontario Securities Commission
- Langers edge Tiger and son Charlie in PNC Championship playoff
- Explosive batsman Jacobs gets New Zealand call-up for Sri Lanka series
- Holders PSG edge through on penalties in French Cup
- Slovak PM Fico on surprise visit to Kremlin to talk gas deliveries
Kerry tells Davos climate coalition swelling
US climate envoy John Kerry said Wednesday more countries and companies are swinging behind a bid to combat climate change by jump-starting markets for technologies with massive investments.
They have joined a group known as the "First Movers Coalition".
"Today the First Movers Coalition initiative leaps from the 35 initial companies that came to the table to 55 companies, with the additions of major corporations: FedEx, Ford Motor Company, and others," Kerry told reporters at the World Economic Forum in Davos, Switzerland.
"The First Movers Coalition is mobilizing enormous purchasing power now to induce investment in brand-new technologies that could come to market," he added.
Kerry likened the strategy to US government procurement schemes he said had boosted development of Covid-19 vaccines and private spaceflight.
He also listed a number of new countries to join the group, naming Britain, Denmark, Italy, India, Japan, Norway, Singapore and Sweden, and saying government policy could accelerate the transition in areas like green manufacturing and carbon capture and storage.
Billionaire philanthropist and Microsoft founder Bill Gates said that at present "so many of the green products carry a price premium, and the way you get rid of that is you scale up the production", citing the examples of solar panels, wind power and lithium-ion batteries.
Other technologies could achieve large-scale adoption in the same way, Gates said, pointing especially to hydrogen power.
"A combination of policies, including tax credits, private sector demand, teaming up the small companies that have great ideas with these companies that are willing to buy... that is the path forward," he added.
Google Chief Financial Officer Ruth Porat said that the firm had committed $200 million to carbon dioxide removal, forming the core of over $900 million in pledges from other firms for the coming decade.
"We have seen that having clarity and certainty about demand does catalyse growth in markets," Porat added.
Meanwhile Sweden's Finance Minister Mikael Damberg said the Nordic country "wants to be the first fossil-free welfare nation on the planet," highlighting especially a pilot plant for fossil-free steel production using hydrogen.
P.Santos--AMWN