Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
While many mining companies are advancing with the easier, more accessible opportunities for reducing emissions, the challenge becomes significantly more complex when considering the entire mining value chain. Scope 3 emissions are just starting to receive more attention from mining companies. It is by the far the hardest to reduce because these emissions stem from services and products provided by their suppliers.
As one of the world’s leading copper producers and a major agricultural hub, Chile’s economy is deeply intertwined with its natural resources. The change in climate has far-reaching impacts on various industries that are crucial to Chile’s economy. As climate change progresses, these industries must navigate the challenges posed by changing precipitation patterns, rising temperatures, and more frequent extreme weather events.
Chile has been very clear abouts its lofty goals to build a world leading hydrogen industry. The US$11bn HNH Green Amonia Project is the latest project to be submitted to the environmental review process and the largest investment project that has ever entered the Environmental Impact Assessment System to date. Regardless of whether the project is approved, this is an important sign for the industry which needs a healthy pipeline of projects to be advancing.
The Chilean mining industry has been rapidly moving towards renewable energy sources. It was not long ago that the country was facing significantly higher energy prices then its neighbours with many experts warning of dire consequences if something was not done. Last week, the Copper Commission (Cochilco) released their new report, which outlines the projected energy usage for the Chilean mining industry between 2023 and 2034.
As a follow up to the original hydrogen strategy, the government recently released its Green Hydrogen Action Plan which will help direct the industry from 2024 to 2030 – the time frame that Chile has set for itself to become a major hydrogen exporter by the end of the decade.
Chile is advancing its hydrogen pipeline. Although there have been only demonstration plants and pilots operating to date, there is around 60 projects that have been announced, worth billions of dollars in investment. This year there will be five or six large-scale projects that will enter the environmental impact assessment system.
Santiago
Sydney
Lima