Advanced Market Commitments

Advanced market commitments are not a silver bullet; they require a supportive ecosystem of funding and development for technologies to thrive. The First Movers Coalition, a partnership between the U.S. government and the World Economic Forum, aims to scale clean technologies by securing $12 billion in purchasing commitments from major companies by 2030. This initiative has expanded to include multiple government partners, reinforcing the collaborative effort needed to drive innovation in hard-to-abate sectors.