First Movers Coalition Impact Brief

The First Movers Coalition (FMC) has grown to 96 members who have made 121 commitments across seven sectors, creating an annual demand signal of $16 billion for emerging climate technologies by 2030. In 2023, the coalition focused on transitioning from commitments to action, signing 35 offtake agreements and bringing the total to 94. The FMC operates across aluminum, aviation, cement and concrete, carbon dioxide removal (CDR), shipping, steel, and trucking, utilizing collaborative procurement and in-country workshops in Brazil, India, and Singapore to surface local supply and scale near-zero emission technologies.

• As of January 2024, the First Movers Coalition (FMC) consists of 96 members who have made 121 commitments across seven sectors. By 2030, these commitments are projected to generate an annual demand of $16 billion for emerging climate technologies and result in annual emissions reductions of 31 million tonnes (Mt) CO2e.
• The FMC is transitioning from demand signals to execution; in 2023, members signed 35 offtake agreements, increasing the total number of agreements signed in support of FMC commitments to 94.
• In the aluminum sector, eight new members joined in 2023, committing to purchase at least 10% of primary aluminum as near-zero by 2030. Notable projects include the ELYSIS complex in Quebec, Canada, which received a $1.1B follow-up investment from Rio Tinto to expand annual capacity by 160 Kt of primary aluminum.
• Aviation members aim to replace at least 5% of jet fuel demand with sustainable aviation fuels (SAFs) that reduce life-cycle emissions by 85% or more, or use zero-carbon propulsion. Key initiatives include the Minnesota SAF Hub and the United Airlines Sustainable Flight Fund, which grew to $200M in its first five months.
• FMC members and partners account for over 80% of all engineered carbon dioxide removal (CDR) credits purchased globally. Microsoft is a dominant player, representing approximately 64% of all engineered CDR purchases to date, including a 2.76 Mt agreement over 11 years with Ørsted and Aker Carbon Capture.
• In the shipping sector, Maersk signed a long-term contract with Goldwind for 500 Kt annually of green methanol and established a $3B agreement for green fuel production in the Suez Canal economic zone in Egypt.
• Steel sector members target at least 10% of annual procurement volumes to be near-zero emissions by 2030. The Hybrit fossil-free steelmaking project, involving Vattenfall, SSAB, and Volvo, is expected to reach commercial scale by 2026, producing 1.3 Mt of clean iron per year.
• To surface local supply chains, the FMC conducted in-country workshops (ICWs) in 2023 in Brazil (80+ attendees), India (95+ attendees), and Singapore (17 representatives).

APA

World Economic Forum (2024). First Movers Coalition Impact Brief. https://www3.weforum.org/docs/WEF_First_Movers_Coalition_Impact_Brief_2024.pdf

Chicago

World Economic Forum. First Movers Coalition Impact Brief. 2024. https://www3.weforum.org/docs/WEF_First_Movers_Coalition_Impact_Brief_2024.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=First Movers Coalition Impact Brief |date=January 2024 |url=https://www3.weforum.org/docs/WEF_First_Movers_Coalition_Impact_Brief_2024.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2024first, author = {{World Economic Forum}}, title = {{First Movers Coalition Impact Brief}}, institution = {World Economic Forum}, year = {2024}, month = jan, url = {https://www3.weforum.org/docs/WEF_First_Movers_Coalition_Impact_Brief_2024.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }