No arm-twisting: Kerry says corporates back plan to cut CO2

By JAMEY KEATEN
Associated Press

GENEVA (AP) — U.S. climate envoy John Kerry says a new project trumpeted by U.S. President Joe Biden in which companies underpin development of low-carbon technologies through their buying power amounts to a “big transformation.” The “First Movers Coalition,” spearheaded by the U.S. government and the World Economic Forum, aims to help meet an increasingly difficult target laid out in the 2015 Paris climate accord to limit global warming to 1.5 degrees Celsius. So far, almost three dozen global companies in many sectors have committed to changing their purchasing practices to favor development of zero-emission technologies by 2030.