Tackling the Climate Crisis with Innovative Green Technologies

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"If average global temperatures reach 1.5 degrees above pre-industrial levels, we can expect the Arctic Ocean to have one ice-free summer every 100 years.

But if warming rises to 2 degrees over pre-industrial levels, ice-free summers in the Arctic could happen every 10 years," Business Insider quotes the president of the World Economic Forum as saying.

That's why the World Economic Forum is teaming up with 65 companiesincluding Amazon, Apple, Google, and Microsoftto create a coalition called the First Movers Coalition that aims to decarbonize the cement and concrete industry and other "hard-to-abate" sectors, such as shipping, trucking, and aviation, according to Phys.org.

The companies have committed $12 billion in purchase commitments to green technologies by 2030, Phys.org reports.

"These financing commitments will ensure new technologies are available for scale-up by 2030 and make a critical contribution to achieving net-zero emissions by 2050," the World Economic Forum says in a statement.

The coalition is working with government partners including Denmark, India, Italy, Japan, Norway, Singapore, Sweden, and the UK.

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