CPC and EY present unpublished report with the vision and business actions to face the challenge of climate change

The Confederation of Production and Commerce (CPC for its acronym in spanish) and the firm Ernst & Young (EY) made known the results of the work of the CPC-EY Commission, which brought together more than 200 actors, including companies, unions, academics and representatives of civil society, in order to present the look of the companies of our country around global and local climate challenges.

The work was structured and discussed in eight round tables that represent the main economic sectors of the country in the face of climate change: agroforestry; commerce, telecommunications, services and tourism; construction, cement and real estate; energy; transport; water; banking and mining sector, tables in which the Alta Ley Corporation participated very actively.

“As Alta Ley, we managed to deliver a strategic look at how the challenge of the growing demand for metals caused by the effects of electromobility and Non-Conventional Renewable Energies (ERNC, for its acronym in spanish) is being addressed globally and how this can be provided through a mining production that gets lower in carbon emission as time goes by, with a view towards Carbon Neutrality”, explains Juan Pablo Rubilar, Sustainability Leader of the Alta Ley Corporation.

Mining and Climate Change

According to the work carried out by the mining table, mining mitigation actions are characterized by incrementing innovations in the area of ​​grinding and concentrating, while divergent innovation focuses on fuel replacement (eg: Hydrogen, electromobility), as well as in the replacement or minimization of CAEX circuits in the transport of minerals (responsible for 80% of direct emissions from the industry). “In general, it is widely seen that the industry is moving forward to the incorporation of renewable sources of electricity supply, through negotiations in its supply contracts (PPA, for its acronym in spanish) and at the same time, in the medium term, encourage the entry of electrical sources in areas whose energy is dominated by fossil fuels”, explains Rubilar.

Regarding the adaptation measure, although the mining industry at the national level only represents 3% of water consumption, Rubilar argues that “its role as a driver and pioneer of the use of seawater at industrial scale and high volumes is remarkable, both desalinated and direct, which has allowed to guarantee the operational continuity of the works in areas of water scarcity, strengthening the sustainability of the business in all its dimensions ”. It also highlights that some tasks already present risk analysis, including at the Preliminary Economic Assessment (PEA) level of the vulnerability of facilities, human and natural systems associated with operations, against the impacts of climate change, establishing the risks and opportunities that this phenomenon presents.

Among the enabling conditions to strengthen the fulfillment of the carbon neutrality country goals by 2050, in which public-private coordination should prevail, the efforts to be made in the R & D & I incentives, certification, stand out of the green attribute in electricity supply contracts, the traceability of information and the regulation of technical standards and operating protocols for hydrogen, as well as materialization of carbon compensation (offset) are some of the mechanisms.

Finally, it was concluded that the mining sector has contributed with multiple concrete actions regarding climate change, and its role will be even more prominent in the coming years, due to the demand for minerals, which will be reflected in a better quality of life of the national population and in particular in those geographic areas of greatest vulnerability to climate change.

Check out the report here.