Large commodity customers to lean towards low-carbon emitters – report
Following international climate change commitments to reduce carbon emissions subscribed at the COP26, large consumers of commodities are examining the plans that mines have in place to cut their emissions – as well as the progress to date that might suggest how successful these plans will be.
“In essence, consumers and their host countries will be looking to the mining sector for a considerable portion of their carbon ‘savings’ in the years to come,” a new report by SRK Consulting states.
In the analyst’s view, hydrogen fuel cells, which are intended to power dump trucks and large equipment, hold great promise for reducing or eliminating key sources of carbon dioxide emissions.
“Global mining major Anglo American – which is already investing in renewable hydrogen production technology at its Mogalakwena PGM mine – recently announced it is looking into a collaboration to develop a ‘hydrogen valley’ in South Africa,” the report reads.
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