Environment & Ecology question from JKAS Prelims, 2022 by JKPSC
A coalition of more than 50 global companies formed to send a strong market signal for the commercialization of zero-carbon technologies is known as:
Last updated Jun 24, 2026
Correct Answer:
Option A —
First Movers Coalition
Conceptual Breakdown
The First Movers Coalition (FMC) is a high-level global initiative aimed at creating a market for emerging green technologies.
The Mission: It targets sectors that are "hard to abate" (difficult to decarbonize), such as shipping, aviation, steel, and trucking.
The Strategy: Instead of just promising to reduce their own emissions, these companies commit to purchasing a specific percentage of near-zero-carbon products by 2030. This guaranteed demand encourages investment in new, cleaner technologies that are currently too expensive for the mass market.
Leadership: It was launched by the World Economic Forum in partnership with the US Government at COP26 in 2021.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
