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New report highlights how the mining sector is integrating renewables in operations
CategoryPress Releases
CountryBurkina Faso, Cote d'Ivoire, Ghana, Guinea, Mali, Niger
The mining sector is key for the economic growth of several economies. The sector is an energy intensive industry, which requires adequate, reliable and constant access to energy for its operations. This is needed to boost operations and to meet rising demand as a result of rising mineral demand and falling ore grades.
A new report by the Columbia Center for Sustainable Investment 'The Renewable Power of the Mine' highlights how mining companies have integrated renewables in their mining operations. The report indicates that energy demand in the mining sector is estimated to increase by 36% by 2035. Today, energy produced and procured by mining companies is mostly fossil fuel-based. But renewables will be a critical component to the supply of electricity to mine sites.
The report recommends a change if the mining sector is to contribute to the de-carbonization of the world economy, which is needed for countries to meet the target adopted in the Paris Agreement of keeping global temperatures from rising more than 1.5-2 degrees Celsius.
Download the report here.