Climate Action Plan
Overview
Climate action is a global undertaking of major technological, economic and social challenges in which Australia and the minerals sector must play their part.
The MCA Climate Action Plan outlined a series of actions based on three key themes:
- Support developing technology pathways to achieve significant reductions in Australia’s greenhouse emissions
- Increased transparency on climate change related reporting and informed advocacy
- Knowledge sharing of the sector’s responses to addressing climate change
The mining industry will continue to work towards Australia’s climate policy ambitions in support of the Paris Agreement and aiming for net zero by 2050.
Climate Action Plan – Progress Report Year 3
This progress report marks the completion of the initial three-year work program identifying new prospects, accelerating existing action and creating lasting pathways towards the industry ambition of net zero emissions by 2050.
The shadow cast by the COVID-19 pandemic did not deter the sector from progressing the implementation of this plan. In this report, the MCA is pleased to show that the industry emissions trend line has continued downward – reflecting the ongoing focus to reduce emissions across the sector.
The sector continues to keep emissions down while supporting Australian jobs, and royalties and taxes, to state and federal governments.
Climate Action Plan – Progress Report Year 2
Building on the 30 actions identified in the first Climate Action Plan released in 2020, this progress report provides an update on how the industry is progressing these measures and keeping emissions as low as possible.
In the face of unprecedented demand and value growth for Australian metals and minerals, the progress report confirms that 93 per cent of measures contained within the Plan have commenced, and 80 per cent are on track in Year 2.
Climate Action Plan – Progress Report Year 1
The first progress report on the MCA’s Climate Action Plan demonstrates emissions reductions in Year 1 and potential reductions in the future. The progress report draws on publicly reported emissions data and a survey of full MCA members reporting to federal compliance schemes.
While all MCA members are committed to the climate goals of the Paris Agreement, well over three quarters of surveyed members’ FY2020 emissions are covered by companies committed to achieving net zero emissions by 2050. A similar proportion is working towards aligning corporate reporting with the recommendations of the Task Force on Climate-related Disclosures (TCFD), which is supported by the MCA and aims to improve and increase company reporting of climate-related financial information
The progress report highlights 12 case studies demonstrating how the industry is taking practical climate action, including the rollout of renewables, carbon capture and storage development, methane capture and conversion, electric and autonomous vehicles investments, battery storage and hydrogen trials and exploration efficiencies.
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MCA Climate Action Plan
