Switched On Getting Real: Net Zero Isn’t Enough for Fortescue
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Dec 12, 2024 
Andrew Forrest, Founder and Executive Chairman of Fortescue, is on a mission for 'real zero' emissions. He shares insights from the BNEF Summit Shanghai about how green hydrogen and green iron are pivotal to sustainable mining. Forrest emphasizes the economic benefits of abandoning fossil fuels and discusses the growing demand for clean transport components in China. He tackles the challenges in the green hydrogen sector and the importance of mental health, advocating proactive strategies for well-being in both personal and professional life.
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Real Zero vs. Net Zero
- Real zero means completely stopping the use of fossil fuels, unlike net zero which allows for offsets.
- This approach prioritizes direct emission reduction over indirect compensation methods.
Invest in Green Energy
- Invest capital upfront in green energy systems to save money long-term by eliminating fossil fuel costs.
- This benefits shareholders and the environment simultaneously.
Decarbonization and Returns
- Aligning decarbonization with shareholder returns is crucial for companies.
- Doing the right thing for the environment can also be financially sound.