We predict the environment, and innovations to protect it, takes center stage for mining companies and their diesel engine OEMs in 2018. Research centres such as the Prairie Climate Centre are highlighting the increased risk of warming temperatures, spring flooding, and dangerously dry summers under "high carbon" scenarios. OEMs such as Cummins and mining companies such as Newmont are doubling down on efforts to protect the environment, aided by some innovative new cleantech solutions from smaller companies.
Cummins, which powers 9 out of every 10 buses in America, has long been an innovator in clean diesel technologies for mines and urban environments. Cummins produced almost 48,000 clean diesel and natural gas engines in 2016, using diesel particulate filters, low carbon fuels, and other technologies. Cummins' soot-free buses will help reduce emissions in areas such as Addis Ababa, Mexico City, Lima, Nairobi, Santiago, and Buenos Aires. Additional reductions in emissions can be achieved through low-carbon fuels and diesel engines that produce the lowest greenhouse gas emissions.
For many industries, including mining, the drive to reduce emissions is increasingly a financial imperative. Currently, about 15% of global greenhouse gas emissions are covered under some sort of carbon tax, with Australia and parts of Europe leading the way in implementation (Corporate Knights, Winter 2018 issue). When the Chinese national emissions trading system is launched in 2018, 20-25 percent of global emissions will be covered some sort of carbon tax.
Mining companies such as Newmont are improving environmental stewardship and incorporating the real cost of carbon into their investment decisions with initiatives such as Newmont's "shadow cost of carbon." This shadow cost calculates the“break-even cost of carbon”- the point at which the carbon cost impacts impair a positive return.
We support the environmental stewardship efforts of diesel engine OEMs like Cummins and mining companies like our customer Newmont. Our SmartRFuel technology improves fuel efficiency and promotes a more complete burn within the engine cylinder itself, reducing particulate emissions and greenhouse gas emissions. Contact us today to learn more about reducing your environmental impact with SmartRFuel!