## CLIMATE AND NATUREFMC holds workshop in South Africa on supply of zero-emission fuels and technologies

6 May 2024


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The First Movers Coalition hosted a workshop in Cape Town, focused on surfacing the supply of zero-emission fuels and clean technologies - with shipping and trucking as key demand sectors. The workshop was part of a series of country specific convenings in key emerging economies on this topic and followed workshops previously held in India (July 2023) and Brazil (October 2023) where other FMC sectors were featured. The workshop in Cape Town gathered 70+ participants representing local and international government agencies, financial institutions, shipping and trucking industry players as well ask key energy suppliers.


## Participants discussed pathways to bridge the gap between demand and supply for nascent low-carbon fuels and technologies through unveiling opportunities to mobilize finance and create an enabling policy environment.

South Africa is a key transport hub for freight via both maritime and road. With a high renewable energy capacity and potential to develop its local green hydrogen economy, the country has an opportunity to decarbonize domestic transport operations and generate revenue through exporting fuels to industry players in foreign markets.“South Africa is a big exporter and has many tailwinds that contribute to a unique position to be a global leader. We need to seize parts of the value chain where there are inherent advantages and opportunities, and this requires a strong demand signal,” says James Walsh, Co-Founder, P2X Partners.


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## As the world descended on Dubai for COP28, a strong aluminium industry contingent gathered to take part in the launch of a number of key initiatives.

The aluminium industry has seen major shifts over the past couple of years and is moving from ambition-setting to increasing implementation and action. There has been activity across all major producing regions aligned with the sector’s three key decarbonization pathways, with increasing integration of low-carbon electricity, developments to eliminate direct and thermal emissions, and through increased recycling and resource efficiency innovations.To continue to progress and roll out new technological and structural changes, cross-sector collaboration, increasing demand for low-carbon aluminium, mobilisation of significant capital, and enabling policy environments are critical to success. The need to move ahead on each of these fronts, as well as coordinate action across them, was a recurrent theme for the sector at COP28.To overcome barriers to the sector’s decarbonization ambitions, four key initiatives were launched at COP28.


## 1. The Industrial Transition Accelerator (ITA)

The ITA focuses on global cross-sector decarbonization efforts across industry, transport, and energy sectors. The International Aluminium Institute (IAI) sits on the ITA Leadership Council and will lead the efforts for the aluminium sector. ITA has four global priorities: advancing technological solutions, promoting green demand, articulating policy enablers, and engaging green finance. The ITA will endeavour to support existing initiatives such as the First Movers Coalition (FMC) which is collating a demand signal for low-carbon industrial products. Launched at the COP26 and co-chaired by the US Government and the World Economic Forum, the FMC is making a strong impact with a cumulative demand signal of over $16 billion in annual demand by 2030 made by its nearly 100 members through more than 120 offtake commitments. As such, the coalition advances the most critical, emerging climate technologies required to decarbonize the world’s heavy-emitting sectors, including in the aluminium sector.