SG joins First Movers Coalition in bid to decarbonise sectors

The FMC seeks to create markets for clean energy technologies.

The First Movers Coalition (FMC) has expanded with the membership of Singapore, which opted to join in line with its efforts to decarbonise emissions-intensive sectors. 

Aside from Singapore, new members of FMC include Denmark, India, Italy, Japan, Norway, Sweden, the United Kingdom, and the United States. 

“Climate change is an existential threat, especially to a small island state like Singapore. As a global business and financial hub, Singapore is well-placed to contribute to the FMC in developing and scaling up innovative low-carbon technologies in hard-to-abate sectors,” Minister for Transport and Minister-in-charge of Trade Relations S Iswaran said during the World Economic Forum Annual Meeting at Davos.

“We look forward to working closely with the FMC government partners and industry players to enable a low-carbon future.”

The FMC membership will also call for efforts to collaborate with private sector partners such as the establishment of the Global Centre for Maritime Decarbonisation.

Singapore will also bring together public research institutes and Energy & Chemicals companies for a Carbon Capture and Utilisation Translational Testbed. This is to facilitate the evaluation of such technologies that will be piloted by the Centre.

The FMC presents an opportunity for companies to collaborate with partners that share similar goals and access low-carbon technologies.