Decarbonization refers to the process of reducing the amount of carbon dioxide (CO2) that is released into the atmosphere. This can be done through a variety of means, such as increasing energy efficiency, switching to low-carbon energy sources, and implementing carbon capture and storage technologies.
It is important for the mining industry to decarbonize because mining is a significant source of greenhouse gas emissions. The mining and processing of minerals and metals creates emissions through the use of fossil fuels, as well as through the production of cement, a key component of many mining operations. Additionally, many mining operations involve the use of large amounts of energy, which further contributes to emissions.
Implementing decarbonization measures in the mining industry can help to reduce emissions, which can help to slow the rate of climate change. Additionally, it can also help mining companies to reduce their environmental footprint, which can be beneficial for their reputation and can help to reduce the risk of regulatory and legal challenges. Furthermore, decarbonizing the mining industry can help mining companies to adapt to a low-carbon future and can help to support the transition to sustainable mining.