Miners continue to improve carbon emission reduction targets
GlobalData 6 April 2021 (Last Updated April 6th, 2021 11:03)
In line with global efforts to meet the Paris Agreement objective of reducing global warming, mining companies around the world are aiming to minimise carbon emissions over the next ten to 15 years, with the goal of reaching net-zero emissions by 2050.
Mining companies around the world are aiming to minimise carbon emissions over the next ten to 15 years. Credit: Taras Vyshnya / Shutterstock.
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In line with global efforts to meet the Paris Agreement objective of reducing global warming, mining companies around the world are aiming to minimise carbon emissions over the next ten to 15 years, with the goal of reaching net-zero emissions by 2050.
By Reuters Staff
3 Min Read
MELBOURNE (Reuters) - Australia’s Fortescue Metals Group, the world’s fourth-largest iron ore miner, has set an ambitious plan to become carbon neutral by 2030, bringing forward the target by 10 years as it aims to start producing green hydrogen as soon as 2023.
FILE PHOTO: The logo of Australia s Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. Picture taken November 29, 2018. REUTERS/Melanie Burton/File Photo
Fortescue Chairman Andrew Forrest predicted the world’s conversion to green energy and green products would occur “almost violently” compared to most forecasts, which assumed hydrogen produced from renewable energy would only become commercially viable in the 2030s.
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Australia's Fortescue Metals Group, the world's fourth-largest iron ore miner, has set an ambitious plan to become carbon neutral by 2030, bringing forward the target by 10 years as it aims to start producing green hydrogen as soon as 2023.