World’s top miners in landmark pledge to achieve net zero by 2050

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World’s top miners in landmark pledge to achieve net zero by 2050
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Many miners, including Anglo American, Rio Tinto and BHP, have already committed to this target

London — The world’s top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals said.

The announcement comes before next month’s UN climate gathering that aims to achieve more ambitious climate action from the nearly 200 countries that signed the 2015 Paris Agreement to limit global warming. The collective commitment, however, “represents a joint ambition from companies that make up one-third of the global mining and metals industry”, the ICMM said.

Mining has a “decarbonisation challenge” because the sector has to reduce emissions while producing metals, such as nickel and copper, that are vital to a lower-carbon economy, said Konrad von Szczepanski, MD and partner at Boston Consulting Group.

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