*[Enwl-eng] here are the Race to Zero latest news!
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Wed Feb 17 14:23:28 MSK 2021
UN Climate Change
Global Climate Action
16 February 2021
NEWSLETTER
Race to Zero
Transformative Mining
It’s long been seen as one of the hardest sectors to decarbonize. On the one hand zero-carbon alternatives for metals and mining are still in the early development stages; on the other hand production of minerals such as graphite, lithium and cobalt could rise by nearly 500 percent by 2050 with the boom in batteries, solar panels and other tech, according to the World Bank.
And yet the system transformation is clearly underway here, too - driven by both the supply and demand sides of the industry. Leading miners and metals manufacturers have recently expressed ambition to reach net-zero emissions by 2050 or sooner, including Anglo American, BHP, Glencore, Rio Tinto, Vale and China Baowu Steel. Expressing the goal is a significant first step. To remain credible, it must next be backed up with firm commitments and science-based plans for getting there.
These come as customers are increasingly demanding a shift to climate-smart minerals and metals. Car companies including General Motors, Ford Motor Company, BMW and Daimler have set targets for all-electric sales and zero-emission vehicles within three decades. Steel buyers and specifiers in construction, renewables and other sectors have formed the SteelZero initiative, supported by the Climate Group, to push for net-zero steel by 2050. Hauliers, consumer goods companies and others created the European Clean Trucking Alliance for zero-emission trucks by 2050.
This corporate demand adds to the pressure from national and local policymakers. The UK will ban diesel and petrol cars from 2030, California from 2035, and cities around the world are joining forces to halve emissions this decade.
The foundation is set. Creating the right political and financial environment can help metals and mining companies accelerate the shift to clean technologies and energy sources - including by removing fossil fuel subsidies and supporting higher carbon prices. A price of over US$100 per tonne by 2030 would underpin the business case for products like low-carbon steel in harder-to-abate sectors, according to the Mission Possible Partnership.
Affordable renewable electricity and green hydrogen development will also be key for energy-intensive operations. BHP aims to replace coal-fired power at two large copper mines in Chile with 100 percent renewables by the mid-2020s. The Green Hydrogen Catapult, launched in December with green hydrogen project developers and partners, is working to deploy 25 gigawatts through 2026 to decarbonize sectors like long-haul shipping. South Korea’s POSCO and Australia’s Fortescue have joined forces to develop renewables-based hydrogen, and Sweden’s LKAB will use it to produce CO2-free iron ore by 2045.
The challenge, as always, is to make this a globally inclusive, all-of-society transformation - and that means bringing artisanal miners and rare earths processors along for a just transition to sustainability and respecting human rights, too.
Climate Action Saves Lives
The research continues to mount: pollution is cutting our lives short, and climate action will save lives. Two reports out this month add depth to those two realities.
More than 8 million people around the world died prematurely in 2018 as a result of air pollution from coal, oil and gas - many more than previously thought, researchers in the US and UK found. That’s just under one in five global deaths that year. The northeast US, Europe and Southeast Asia were the worst hit.
Yet if nine large economies - Brazil, China, Germany, India, Indonesia, Nigeria, South Africa, the UK and US - brought their Nationally Determined Contributions in line with the Paris Agreement’s goals, they would save some 10 million lives per year by 2040, from cleaner air, increased exercise and better diets, according to the Lancet Planetary Health.
In Case You Missed It...
a.. Welcome, Mike! Michael Bloomberg, that is. The UN special envoy for climate ambition and solutions is now the first Global Ambassador for the Race to Zero and Race to Resilience.
a.. Almost one-fifth of FTSE 100 companies have signed up to the Race to Zero campaign, Bloomberg reports.
a.. Solar power in India is on the cusp of explosive growth, matching the share of coal in the power mix within two decades or less, the International Energy Agency says.
a.. Companies face up to US$120 billion in costs from environmental risks in their supply chains within the next five years, including increased costs of manufacturing; food, beverage and agriculture; and power generation, CDP found.
a.. South Korea intends to build the world’s largest offshore wind farm by 2030, investing 48.5 trillion won and creating up to 5,600 jobs, Reuters reports.
a.. Our demands outweigh nature’s ability to sustain us, and we have to restore our relationship by reforming our measure of economic success, the influential Dasgupta Review on the economics of biodiversity says.
a.. Carbon Tracker and Global Energy Monitor are developing the world’s first Global Registry of Fossil Fuels - a public database of all fossil fuels in the ground and in production.
Mark Your Calendars
a.. World Ocean Summit, March 1-5
b.. Powering Past Coal Alliance Summit, March 2-4
c.. UNFCCC Regional Climate Week Roundtables, March 3-4
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From: Global Climate Action
Sent: Tuesday, February 16, 2021 12:55 PM
Subject: Vladimir, here are the Race to Zero latest news!
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