People often overlook the necessity for the mining industry to decarbonize its operations to align with the new regulations outlined in the AGENDA 2030 sustainable development goals. Having worked in the cargo shipping industry and maritime law, I've witnessed the implementation of various measures such as ballast water treatment, gas scrubbers, EEDI/EEXI, EPL, and underwater acoustic reduction systems to meet these guidelines. While I'm uncertain about the specific steps mining should take to follow a similar path, it's evident that the price of iron ore has been declining since its peak in 2021. China, seeking alternatives to Australian iron ore due to sustainability concerns, faces challenges in obtaining green steel certification for its products. Additionally, Mexico, a major silver producer, is considering banning open-pit mining. Concurrently, the oil and gas industry is also transitioning towards decarbonization efforts, leading to dwindling oil reserves and higher prices. The industry cites low returns on investment and diminishing cost-effectiveness as factors contributing to this shift.
Fantastic podcast Sumit, and thank you Annie for clearing up my understanding on the process of decarbonising steel
People often overlook the necessity for the mining industry to decarbonize its operations to align with the new regulations outlined in the AGENDA 2030 sustainable development goals. Having worked in the cargo shipping industry and maritime law, I've witnessed the implementation of various measures such as ballast water treatment, gas scrubbers, EEDI/EEXI, EPL, and underwater acoustic reduction systems to meet these guidelines. While I'm uncertain about the specific steps mining should take to follow a similar path, it's evident that the price of iron ore has been declining since its peak in 2021. China, seeking alternatives to Australian iron ore due to sustainability concerns, faces challenges in obtaining green steel certification for its products. Additionally, Mexico, a major silver producer, is considering banning open-pit mining. Concurrently, the oil and gas industry is also transitioning towards decarbonization efforts, leading to dwindling oil reserves and higher prices. The industry cites low returns on investment and diminishing cost-effectiveness as factors contributing to this shift.
l eat more meat now and less greens so l dont fart as much methane, l am doing my bit for the planet