The energy transition is firmly underway. While global demand for energy continues to rise, increasing pressure from governments, investors and consumers to support decarbonisation has spearheaded radical change.
The mining industry is a vital component of the energy transition, producing the precious metals and rare earths which are essential components of wind turbines, solar panels and both stationery and electric vehicle battery storage systems that will enable rapid decarbonisation. However, mining remains a carbon intensive industry as it finds ways to become less reliant on fossil fuels. In anticipation of COP 26, last week the International Council on Mining and Metals (ICMM) announced that its members were collectively committing to setting a goal of net zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner in line with the ambitions of the Paris Agreement in addition to individual decarbonisation targets.
Join our panellists for a discussion on the mining industry's approach to the energy transition and adopting renewable energy as a cleaner form of power supply, particularly in Africa and other emerging markets.
- Simon Cudennec, Partner, Paris, Norton Rose Fulbright LLP
- Laura Kiwelu, Counsel, London, Norton Rose Fulbright LLP
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