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

Green Car Congress

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. Under these targets, Rio Tinto’s overall growth between now and 2030 will be carbon neutral.

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Final report of Garnaut Review Update recommends carbon pricing scheme for Australia to do its fair share on climate change

Green Car Congress

It will be much harder and more expensive for Australia to do its fair share on climate change without a carbon pricing scheme, according to the final report of the Garnaut Climate Change Review – Update 2011, Australia in the Global Response to Climate Change. Earlier post.)

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Rio Tinto validates BioIron process for low-carbon iron-making; biomass and microwave energy

Green Car Congress

Rio Tinto has shown the effectiveness of a low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonize the steel value chain. Earlier post.)

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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Australia is about to make a big push into electric vehicles

Setec Powerr

Australia has long been among the less developed countries in the world in terms of electric vehicles, and now the country is finally going to make a push in this area. The new regulations will go some way to addressing Australia’s lagging position in electric vehicle development.

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Santos reports successful CO2 capture and storage injection trial in Moomba CCS project

Green Car Congress

Australia-based natural gas company Santos has successfully injected approximately 100 tonnes of carbon dioxide deep underground into depleted gas reservoirs as part of the final field trial for the Moomba Carbon Capture and Storage (CCS) Project.

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

Australia’s per capita CO 2 emissions are higher than those of the US due to an emissions-intensive energy sector. Australia Prime Minister Julia Gillard unveiled Australia’s carbon pricing plan—a core element in a new clean energy plan—in a short address to the nation. Click to enlarge.