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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. The production of aluminium, copper and high-grade iron ore will play a part in the transition to a low carbon economy.

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Udokan Copper to cut carbon intensity of copper production up to 75% by 2035

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Russia-based Udokan Copper , the developer of Russia’s largest new copper deposit, outlined scenarios to cut the carbon intensity of copper production up to 75% by 2035, bringing the company closer to its ultimate goal of climate neutrality in the long run. In 2021, Udokan Copper invested RUB 764 million (US$11.5

Carbon 273
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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions. As I have said before, this is not a race to renewables, but a race to reduce carbon emissions across many fronts. Cobalt and Lithium production rose by 13.9%

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Source: Adeyeye et al. Adeyeye et al.

Renewable 338
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Elkem inaugurates world’s first carbon capture pilot for smelters at Rana plant for ferrosilicon and microsilica

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Elkem, a company developing silicones, silicon products and carbon solutions, officially inaugurated the world’s first carbon capture pilot for smelters. Ferrosilicon is mainly used for the production of carbon & other alloy steels, stainless steel, cast iron, and electric steel. With full-scale implementation, 1.5

Carbon 284
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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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Global CO 2 emissions from fuel use and cement production by region. in 2008, against 3.3% In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions.

2008 170
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ABB, Hydrogène de France jointly to manufacture megawatt-scale fuel cell systems capable of powering ocean-going vessels

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The MOU between ABB and hydrogen technologies specialist Hydrogène de France (HDF) envisages close collaboration on the assembly and production of the fuel cell power plant for marine applications. With the use of renewables to produce the hydrogen, the entire energy chain can be clean.

France 397