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It’s time to move away from the net-zero fantasy | Real Time Headlines

Fortescue Metals Group Ltd. Chairman Andrew Forrest at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, USA, Thursday, November 16, 2023.

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Australian mining tycoon Andrew Forrest, founder and executive chairman fortescuesaying it is time for the world to get rid of “confirmed fantasyAchieve net zero emissions by 2050 and “true zero emissions” by 2040.

In an interview with CNBC “European street signsOn Wednesday, Forrest called out the reluctance of business executives and politicians to make the changes necessary to avoid this happening. The climate crisis will bring about the worst consequences Make way for leaders willing to take on the challenge of decarbonization.

Fortescue is one of the most beautiful places in the world fourth largest Iron ore miners, there are Overview plans to stop burning fossil fuels at its Australian iron ore operations by the end of the decade and is urging other companies struggling to reduce burning to follow suit.

“All those leaders who say to me, to the world, to their children, ‘Oh, you know we can’t do it, my company can’t do it, I can’t do it, you don’t understand we actually can’t do it, “Forrest said in an exclusive interview.

“What they’re really saying is, you can’t do it. I say to the CEOs and political leaders who say, ‘I can’t do it,’ well, how about you step down?” Let a young girl or a wiser leader Being able to do that because the technology is there,” he continued.

“We know the world can achieve true zero emissions in 2040, and I am saying to business people and politicians around the world that it is time to abandon this proven fantasy of net zero emissions in 2050 and adopt true zero emissions in 2040. ,” Forrest said. “We can, we must, let’s do it. “

Net zero is the goal of achieving a balance between the carbon emitted into the atmosphere and the carbon removed from the atmosphere.

More than 140 countries, including the United States, India, the European Union and other major polluting countries, have approved plan Achieve net zero emissions.

A hydrogen-powered haul truck (right) at Fortescue Metals Group Ltd.’s Christmas Creek mine in the Pilbara region of Western Australia, Tuesday, Oct. 17, 2023.

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to satisfy Crucial warming threshold 1.5 degrees Celsius, the landmark target Paris Agreementglobal carbon emissions should reach net zero around mid-century, according to Energy and Climate Intelligence Sector Nonprofit Organization.

For high-income countries such as the United States, this means reaching net-zero emissions by 2050 or earlier, while for lower-income countries it could mean achieving net-zero emissions in the 2050s or 2060s.

What is “real zero”?

“Real zero is the planet’s ability to use the technology it has. It’s evolving and will get better soon, but to stop burning all fossil fuels by 2040 using the technology we have,” Faure said. Ste said.

“If we do this in 2030, we have a 50:50 chance of avoiding the worst ravages of global warming – but that’s not going to happen. Fortescue will make it happen. We’re a huge industrial company , is also a huge polluter and we will get to true zero burning and we will easily stop burning all fossil fuels this decade, not the next,” he added.

“We are saying to the world, if you want to keep the boundaries of the planet in a future that is inheritable and bearable for your children, then we have to get truly zero emissions. We have to stop burning fossil fuels by 2040,” Forrest said.

A worker walks in the green center area of ​​Fortescue Metals Group Ltd.’s Christmas Creek mine in the Pilbara region of Western Australia, Tuesday, October 17, 2023.

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scientists have repeatedly Push for rapid reductions in greenhouse gas emissions to halt the rise in global average temperatures.

The calls continue amid a series of shocking temperature records that have left the planet Stay firmly on the right path 2024 will be the hottest year in human history.

extreme temperatures are Come on The main drivers of the climate crisis are burning of fossil fuels.

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