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Glencore aims to cut industrial assets’ carbon emissions by one-fourth by 2030
Global Banking & Finance Review®
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(Reuters) – Glencore said Wednesday it aims to lower carbon dioxide equivalent emissions for its industrial assets by 25% by the end of 2030.
(Reuters) – Glencore said Wednesday it aims to lower carbon dioxide equivalent emissions for its industrial assets by 25% by the end of 2030.
The global miner and trader retained its emissions reduction targets of 15% and 50% by the end of 2026 and 2035, respectively, in its 2024-2026 Climate Action Transition Plan.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala)
Carbon emissions refer to the release of carbon, particularly carbon dioxide (CO2), into the atmosphere, primarily from burning fossil fuels. They contribute to climate change and global warming.
A climate action plan is a strategic framework that outlines specific actions and policies to reduce greenhouse gas emissions and mitigate climate change impacts.
A sustainability target is a specific goal set by organizations to improve their environmental performance, such as reducing carbon emissions or increasing energy efficiency.
Carbon dioxide equivalent (CO2e) is a metric used to compare the emissions of different greenhouse gases based on their global warming potential, expressed in terms of CO2.
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