Countries, companies, and individuals are increasingly acting to accelerate the climate transition — and they’re increasingly doing it together, as part of climate alliances like the First Movers Coalition. These business alliances are important system-level actors in addressing climate change. At the UN’s 2023 COP28 conference, groups like this will meet to set standards, signal aggregate demand for new products, provide “one voice” on behalf of industry, and raise ambitions.
To Earn Trust, Climate Alliances Need to Improve Transparency
Business alliances play a crucial role in addressing the climate crisis — and through greater disclosure, they might be able to gain greater legitimacy.
November 29, 2023
Yaroslav Danylchenko/Stocksy
Summary.
Businesses are increasingly joining together as part of climate alliances to accelerate the transition away from fossil fuels. But these alliances raise antitrust issues: When competitors collaborate, it can come at the expense of customers or workers. To mitigate these concerns, climate alliances need to invest in voluntary disclosure to build trust among policymakers and the public.