Brazilian miner Vale plans to spend at least $2-billion to cut both its direct and indirect carbon emissions by 33% by 2030, CEO Eduardo Bartolomeo told Reuters on Tuesday.
Direct emissions refer to those from the company’s own operations, while indirect come from external sources, like electricity generated by a utility company and then used by Vale.
Vale previously announced plans to eliminate these emissions entirely by 2050, following a global corporate trend that has seen oil companies and other major emitters set targets to eliminate greenhouse gas emissions by mid-century.