Rio Tinto to offset over 5pc of 2030 emissions goal

The mining company will develop 1mn t of in-house emissions offsets through projects on its existing land

Offsets are to play a key role in mining firm Rio Tinto’s decarbonisation strategy, contributing to around 7.5pc of its headline 2030 emissions reduction target, according to an update from the company at its capital markets day. The firm has said it will reduce scope one and two emissions by 15pc by 2025 and 50pc by 2030. These emissions were measured at a baseline of 32.5mn t CO₂ in 2018, meaning 16.3mn t of emissions reductions need to be achieved by 2050. Rio Tinto expects 13.4mn t to be the result of six large abatement programmes focused on renewables, reducing process heat, replacing diesel use, minerals processing, aluminium anodes and repowering Pacific smelters. “Offsets will