Rio Tinto to invest $7.5 billion to meet its revised emission targets

Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.

Following more ambitious climate targets by governments, Rio Tinto is revising its emissions reduction targets. Its new target is to reduce its Scope 1 & 2 carbon emissions of the greenhouse gas (GHG) Protocol by 50% by 2030, more than triple its previous target. A 15% reduction in emissions is now targeted for 2025, five years earlier than previously planned.

These targets are supported by $7.5 billion of direct investments to lower emissions between 2022 and 2030, with a focus on renewable power for iron...

Published

Carrie Bone

October 21, 2021

15:43 GMT

London