Rio Tinto pledges $1.5 billion to be 'carbon neutral' by 2050

Mining giant Rio Tinto says it will invest $1.5 billion over five years in initiatives to drastically reduce greenhouse gas emissions from its global operations and become carbon-neutral by 2050.

Rio Tinto, Australia's second-largest miner, has
unveiled a $1.5 billion push to reduce emissions.

Matching recent pledges by federal Labor leader Anthony Albanese and national carrier Qantas, the Anglo-Australian miner on Wednesday night became the latest global company to set an ambition for "net zero" emissions by 2050, and unveiled the industry's largest carbon-reduction investment to date.

Read the story from The Age by Nick Toscano  - “Rio Tinto pledges $1.5 billion to be 'carbon neutral' by 2050.”

New Zealand’s productivity commission charts course to low-emission future

New Zealand has set itself a target of becoming carbon-neutral by 2050.

According to a recent report, New Zealand will need to increase
renewable electricity generation, plant more trees and continue
switching to electric transport more rapidly to achieve
 its zero carbon goal by 2050.

A recent report issued by the New Zealand Productivity Commission has found that this is an achievable goal, even under modest forecasts of technological progress and increases in carbon price.

New Zealand already had a goal of reducing greenhouse gas emissions to 50% below 1990 levels by 2050. That target had been in place since 2002, but emissions continued to rise through the 2000s.

Read the story on The Conversation by a Professor in Applied Mathematics from Massey University, Robert McLachlan - “New Zealand’s productivity commission charts course to low-emission future.”