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Transition to net zero
The mining industry faces challenges on many fronts amid the energy transition towards net zero. First and foremost, the sector plays a pivotal role in extracting the materials needed for clean energy.
According to the International Energy Agency( IEA), reaching global net zero emissions by 2050 will require expanding the production of energy-relevant metals from 7 million tons per year to 42 million by 2040 4.
While the industry looks to ramp up productivity, organizations are also implementing initiatives to achieve their own net zero targets and grappling with related regulations and calls for increased transparency and reporting.
Connecting net zero programs with asset management is critical to align on objectives and drive holistic approaches to energy and emissions efficiency. The connection creates a combined approach to identifying opportunities to increase energy efficiency, prioritizing emission reduction strategies, alerting operators to efficiency anomalies, and verifying progress against sustainability goals.
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4 Net Zero by 2050, IEA, 202
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TREND 1
Global uncertainty and risk of disruption
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TREND 2
Surging demand and the need to optimize operations
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TREND 3
An aging workforce
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TREND 4
New service delivery models
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TREND 5
Operationalizing AI and machine learning
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TREND 6
Transition to net zero
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CONCLUSION
Achieving agility and sustained value
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