In an effort to decarbonize its operations in Gladstone and meet its emission reduction targets, Rio Tinto has announced two major renewable power contracts. These renewable projects are a solar farm with a capacity of 1.1GW and a wind energy project of 1.4GW. Rio Tinto aims to reduce its carbon emissions by half by 2030 and achieve net-zero emissions by 2050. With the two projects, Rio Tinto is set to become Australia's largest renewable energy buyer and make a significant impact on regional economic and sustainable environmental development. The company's global decarbonization investment from 2022 to 2030 is projected to be between $5 billion and $6 billion, focusing on renewable energy, aluminum operations, and other decarbonization strategies.
CP Daily: Tuesday February 20, 2024 « Carbon Pulse
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New deal makes Rio Tinto Australia s biggest renewable energy buyer
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