What's Happening?
The Minerals Council South Africa is positioning the mining industry as a key player in the country's climate transition while emphasizing its role in sustaining economic growth and jobs. The industry is investing in decarbonization measures, including
energy efficiency and renewable energy deployment, and testing technologies like green hydrogen and biofuels. The Council supports a diversified energy mix, recognizing the need to utilize resources to fund the transition. The Council's climate change position statement commits members to reducing emissions and improving transparency in reporting.
Why It's Important?
The mining industry is crucial for providing raw materials needed for the global energy transition, such as copper and lithium. However, the sector faces challenges in balancing decarbonization efforts with economic realities, including energy insecurity and unemployment. The industry's investments in renewable energy and low-carbon technologies are essential for reducing emissions and supporting a sustainable future. Policy coherence and investment-friendly environments are necessary to encourage further investment in low-carbon opportunities and tackle poverty and inequality.
