Recently, the Intergovernmental Panel on Climate Change’s sixth assessment report concluded that climate change and its impacts are accelerating, and that the world is likely to reach warming of 1.5 degrees Celsius by the mid-2030s if more action to reduce emissions is not taken.
To mitigate the environmental and economic impacts of climate change, many countries have committed to limiting global warming to below 2 degrees Celsius, and ideally less than 1.5 degrees. The global economy is shifting rapidly to a decarbonised economy, and ESG-conscious consumers and investors are demanding low-emissions energy, technology and services.
For Queensland’s resources industry, this presents opportunities to supply the minerals and metals that the world needs to create the technology required to decarbonise. It also requires resources companies to invest in decarbonising their own operations as the world moves to net zero emissions.
Last reviewed 25 May 2022