John Mulligan
Head of Sustainability Strategy World Gold CouncilBack from Baku - news from our COP29 correspondent
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The first such event, in 2022, was significant in not only signalling the closer, more co-operative relationship between our two organisations that has developed over recent years, but also the wider move to greater collaboration across the whole gold supply chain.
The United Nations’ climate change conference, COP26, finally wound up after two weeks in Glasgow and an extended period of ‘overtime’, as the world’s governments haggled over the exact nature of their commitments.
We have just published the latest in the ‘gold and climate change’ research series subtitled ‘decarbonising investment portfolios’. This, the fourth of our climate-focused reports, builds on our previous work to quantify gold’s carbon footprint and its decarbonisation pathway. Combining these ‘building blocks’ has provided us with a fairly rounded and detailed perspective on gold’s relationship with climate change.
We have just published the latest in the ‘gold and climate change’ research series subtitled ‘decarbonising investment portfolios’. This, the fourth of our climate-focused reports, builds on our previous work to quantify gold’s carbon footprint and its decarbonisation pathway.
Today, we announced that all of our Members, the world’s most forward-thinking gold miners, have committed to reporting their positions and progress on climate-related risks in line with the recommendations of Taskforce for Climate-related Financial Disclosures (TCFD).
There has recently been a lot of discussion and debate around the possible similarities and differences of gold and Bitcoin (and, by implication, other cryptocurrencies), and this has often included consideration of their relative environmental impacts and, specifically, their carbon footprints.
Gold’s diverse functions and uses have a diverse range of significant impacts. The sector will be absolutely vital in delivering the applications, technology and infrastructure needed to move towards a cleaner, safer world.
Our new research suggests where, over the next decade, we might expect gold mining to be if it continues on its current direction of travel, particularly if the sector is able to extend and accelerate current trends.
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