Australia must reach net zero emissions by 2050 to preserve our way of life, these 3 ASX companies are leading the carbon neutral revolution.
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The Risks to Australia of a 3°C Warmer World report from the Australian Academy of Science found reaching net zero emissions by 2050 is crucial to avoiding massive challenges to Australia’s way of life.
It states that even if Australia becomes carbon neutral, the globe will probably reach average global surface temperatures of 3oC more than the pre-industrial period. Additionally, it is believed that this will occur by 2100. It’s crucial that ASX listed companies aim for net-zero emissions and get onboard the carbon revolution. This commitment will help avoid massive challenges for Australia’s cities. Additionally, it would help protect the environment and industries, as well as our food and health systems.
The report was also optimistic that Australia can well and truly rise to meet this challenge. We have a skilled workforce, robust industries and tonnes of renewable energy resources.
We’ve had a look around for ASX listed environmentally friendly companies with aims to be carbon neutral.
Here are 3 companies proving it’s possible to reach net-zero emissions
Vulcan Energy Resources Ltd (ASX: VUL)
Vulcan Energy is working towards becoming the world’s first zero-carbon lithium producer for electric vehicle batteries. It plans on doing so by using geothermal energy to drive lithium production. In this process, there is no need for evaporation, mining or fossil fuels.
Vulcan has a brine lithium resource, located in Germany. The company says it has enough lithium to power Europe’s lithium needs for years to come.
First ever comprehensive #NetZeroBy2050 plan for global energy sector coming in May. @VulcanEnergyRes & our #ZeroCarbon #Lithium project will be there every step of the way with baseload #renewable heat & power #ClimateAction #renewableenergy #COP26 @IEA https://t.co/p1iPMcdtB0 pic.twitter.com/s0GOQqjRGB
— Vulcan Zero Carbon Lithium® (@VulcanEnergyRes) March 29, 2021
Mercury NZ Ltd (ASX: MCY)
Mercury is a New Zealand energy provider leading the way in renewable power. It generates electricity from hydro, solar, wind, and geothermal methods. It also provides customers with natural gas.
The company has committed to converting its entire vehicle fleet to electric powered vehicles. So far, its converted more than 69% of its fleet.
Mercury has submitted its information to the CDP (formerly the Carbon Disclosure Project). Additionally, it has received an A- for its climate-friendly initiatives. This puts them in the top 5 companies in New Zealand.
Happy World Rivers Day to the Waikato River. The mighty source of life and energy for thousands of Kiwis and the backbone of our 100% renewable generation. pic.twitter.com/sfqt56kOYH
— Mercury (@MercuryNZ) September 23, 2020
Australian Mines Ltd (ASX: AUZ)
Australian Mines’ proposed Sconi Project, to be located in Queensland, is set to mine cobalt and nickel sulphate. It aims to supply its minerals for the electric vehicle market. It is to mine and process ore into battery precursor material on site, thus making it a low-cost operation.
Australian Mines was the first mineral resources company in Australia to be certified carbon neutral. The company employs energy-saving initiatives alongside offsetting any unavoidable emissions.
Australian Mines says it has become the first mineral resources company to be certified a “Carbon Neutral Organisation” under the Australian Government’s Climate Active program | https://t.co/8JClT3PgzT #AustralianMines #Sconi @climate_active #CarbonNeutralMining #futureofmining pic.twitter.com/8NX6xJgbeg
— International Mining (@im_mining) August 19, 2020
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.
The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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