Europe’s climate goal: Revolution

MINEX Forum | June 18, 2020
img0 his article is part of the special report The World in 2050. European Commission President Ursula von der Leyen likes to compare her Green Deal to “Europe’s man on the moon moment.” That’s almost certainly a galactic understatement. Cutting the Continent’s emissions to “net zero” — meaning Europe would sequester at least as much greenhouse gases as it ...

A $20 billion fund targets dirty bonds in its ESG strategy

MINEX Forum | June 16, 2020
img0 MP Pension of Denmark is looking into expanding its blacklist of fossil-fuel assets to encompass bonds, after confirming it has now exited oil stocks worth 870 million kroner ($131 million). Stocks banned from MP’s portfolio include Lukoil PJSC, ExxonMobil, BP, Chevron, PetroChina, Rosneft, Royal Dutch Shell, Sinopec, Total, Petrobras and Equinor. “None of the companies ...

Kazakhstan approves new green projects in a bid to cut fossil fuels in half by 2050

MINEX Forum | May 26, 2020
img0 Kazakhstan‘s new leadership, faced with concurrent challenges of volatile oil prices and the coronavirus pandemic, has approved nineteen new renewable energy projects worth $1.1 billion in the country’s latest effort to go green and diversify its energy supply. To date, there are already 97 operating renewable energy facilities in Kazakhstan, with over half of the ...

Central Asia Metals mulls renewables opportunities, releases inaugural sustainability report

MINEX Forum | April 23, 2020
img0 London-listed Central Asia Metals (CAML), which produces base metals essential for modern living, has commissioned independent consultants to conduct feasibility studies on the potential of building a renewable energy plant at its Kounrad operation, in Kazakhstan. The studies will consider the feasibility of using renewable energy, likely solar, to assist in meeting the operation’s electricity ...

Fossil-fuel giant Russia tiptoes toward low-carbon future

Anastasia Bogdanova | March 31, 2020
img0 ST. PETERSBURG, RUSSIA – Fossil fuel-rich Russia has for the first time set out a greener economic path for the coming three decades, in a long-term, low-carbon development plan released this week. It pledges to cut planet-warming emissions by a third by 2030 from 1990 levels, when the heavily industrial Soviet Union collapsed, although that represents ...

Europe’s plan to introduce a carbon import tax is forcing Russia to go green

Anastasia Bogdanova | March 9, 2020
img0 Europe wants to be carbon neutral by 2050, and is about to introduce a carbon import duty that is already forcing Russia’s biggest companies to speed up their efforts to go green. As part of the EU’s Green Deal launched last year, the European Commission (EC) published its European Climate Law on March 4 that includes a “Carbon Border ...

SkyNews: Government ‘failing to show leadership’ over plans for new coal mines

Anastasia Bogdanova | February 24, 2020
img0 Some residents in Northumberland are against plans to open a new site near Druridge Bay, which has a rich history of coal mining. Environmentalists and scientists have told Sky News that the government is failing to show leadership over the opening of new coal mines. Coal is one of the most carbon intensive fossil fuels ...

MineEco competition is set determine the best environmental and social projects in the mining industry in Kazakhstan 

Andrey | February 14, 2020
img0 The Government of the Republic of Kazakhstan is actively reforming its environmental policy and introducing changes to state, industry and regional environmental programs in accordance with the “Kazakhstan-2050” strategy and the concept of “transition to a green economy”. The draft new Environmental Code, discussed in the Mazhilis Parliament of the Republic of Kazakhstan, proposes the implementation of the principle “a pollutant is the one ...

Romania wants to place Rosia Montana under UNESCO protection and block gold mining project at this site

Anastasia Bogdanova | February 12, 2020
img0 The final deadline for submitting the application for UNESCO Heritage List is February 1, 2021. Culture minister Bogdan Gheorghiu announced that Romania will resume the procedure for listing the Rosia Montana site in the list of UNESCO World Heritage. “Following the analysis and consultations, we decided that the procedure of listing the Roşia Montană site ...