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$100m initiative will target super pollutants

USA: A group of leading global companies has announced a $100m initiative to accelerate the reduction of super pollutants including refrigerants.

The Superpollutant Action Initiative – aims to deliver positive climate, health, and economic benefits by scaling funding for projects that cut highly potent pollutants, such as methane, black carbon, and high GWP refrigerants.

The initiative includes companies such well-known companies as Amazon, Autodesk, Google and JPMorganChase. The $100m funding to 2023 will benefit high-impact projects targeting super pollutants.

The initiative is organised by the Beyond Alliance, a business-led coalition focused on scaling corporate funding for high-integrity climate solutions. Beyond will support participating companies by providing research, reporting, knowledge sharing, and other activities associated with implementing the initiative.

The alliance was founded by a group of companies and NGO/IGOs in 2020 under the initial moniker, BASCS (Business Alliance to Scale Climate Solutions). It is led by founding businesses Amazon, Disney, Google, Microsoft, Netflix, Salesforce, and Workday, and partners Environmental Defense Fund, United Nations Environment Programme, and World Wildlife Fund (WWF-US), with the We Mean Business Coalition serving as secretariat.

To identify the best opportunities for rapid action, the Beyond Alliance will partner with the Carbon Containment Lab and leading scientific experts to create a global roadmap highlighting how companies can support progress on super pollutant action. The roadmap, set to be released later this year, will outline how and where private capital can be deployed to achieve the greatest impact and will be made publicly available to enable other companies, investors, and governments to accelerate progress.

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