“[Linkpost] How to start an advance market commitment (AMC)” by Stan Pinsent

This is a linkpost for an How to start an advance market commitment by Nan Ransohoff, published on Works in Progress[1]. Summary. Advance market commitments, or AMCs, are promises to buy or subsidize something in the future, if someone can invent and produce it. The purpose of an AMC is to provide a financial incentive for innovators to develop and scale products that address important societal needs but lack a natural commercial market. Past AMCs Pneumococcal Vaccines In the 2000s, hundreds of thousands were dying of pneumococcal diseases every year. However, because the deaths were occurring in low-income countries unable to pay for new treatments, there was little investment in developing new vaccines. In 2007, a group of governments and philanthropists pledged $1.5 billion through an AMC run by Gavi to accelerate pneumococcal vaccine development. The AMC subsidized vaccine doses beyond what poorer countries could afford, to [...] ---Outline:(00:36) Past AMCs(02:00) Frontier: a carbon-removal AMC(03:11) Where else could AMCs be used?The original text contained 1 footnote which was omitted from this narration. --- First published: June 10th, 2024 Source: https://forum.effectivealtruism.org/posts/gqXHcaDCY2uLokCcc/linkpost-how-to-start-an-advance-market-commitment-amc --- Narrated by TYPE III AUDIO.