Rio Tinto announced a plan to invest $7.5 billion over the next nine years to cut 50% of its carbon emissions, an aggressive target three times that of its previous commitment.
The target includes direct and indirect carbon emissions. In addition, the company's Scope 3 emissions target remains unchanged, which is to reduce its steel-related customer carbon emissions by 30% ahead of 2030 compared to 2018.
Rio Tinto plans to reduce emissions by 15% by 2025, five years earlier than originally planned.
The miner also plans to deploy 1 GW of solar and wind capacity in the Pilbara region, Australia, to gradually replace natural gas-fired power generation.
It also plans to decarbonize its aluminum smelters on Boyne Island and Tomago, which are expected to require 5 GW of solar and wind power capacity. Rio Tinto operates an aluminum business that is expected to account for 70% of the company's Scope 1 and Scope 2 emissions.
(Writing by Alex Guo Editing by Tammy Yang)
For any questions, please contact us by email@example.com or +86-351-7219322.