Decarbonizing Mining: Key Trends, Major Technologies and Case Studies 2026

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Due to the significant volume of emissions from the mining sector, growing ESG (Environmental, Social, and Governance) concerns, and the rising demand for essential raw materials required for the energy transition, decarbonizing mining has become crucial for global climate mitigation and achieving net-zero goals. This report assesses the decarbonization potential, readiness, and adoption constraints of the main pathways for mining, including electrification, renewable power, alternative fuels, hydrogen, and carbon capture, utilization, and storage (CCUS).

– This report examines the macroeconomic conditions shaping investment decisions, including high upfront capital requirements, commodity price volatility, and supply chain bottlenecks. To provide an outlook on industry progress, the report also reviews emissions performance and summarizes both interim and long-term climate targets across a selection of mining companies. It shows that solutions are likely to scale on different timelines depending on technology maturity, infrastructure requirements, and mine site operating conditions.
– In the near term, renewable electricity is the most readily deployable lever for reducing operational emissions and is increasingly being implemented through power purchase agreements (PPAs) and on-site renewable generation. Many miners are also pursuing pragmatic interim measures, such as trolley-assist and alternative fuels, to support near-term targets and operational efficiency, though adoption is frequently moderated by capital discipline.
– Over the medium to long-term, electrification remains the central pathway to deep decarbonization and can improve cost performance over the asset life. However, scalability is limited by the need for enabling infrastructure, including renewable generation, co-located battery energy storage, transmission and distribution upgrades, and charging or battery swapping capability.
– Hydrogen and CCUS remain nascent in mining and are expected to play complementary roles in hard-to-electrify applications, subject to infrastructure availability, project economics, and technology development.

Scope

Overview of where emissions come from across the mining value chain

Net-zero target for selected mining companies

Mining companies’ analysis of interim and long-term emission targets

Mining companies’ Scope 1 and 2 emissions data

Analysis of different decarbonization technologies (renewable energy, alternative fuels, electrification, hydrogen, CCUS), including timeline for commercial viability and suitability assessment

Macroeconomic challenges facing decarbonizing the mining industry

Case studies of decarbonization technologies being trialled or implemented

Analysis on how repurposing mines can aid the energy transition

Key Highlights

Renewables are delivering near-term emissions reduction, but tighter capital discipline following commodity-price volatility is slowing investment in higher-cost levers such as fleet electrification, CCUS, and low-carbon hydrogen.

Net-zero commitments are increasingly standard among major miners, yet the concentration of targets in 2050 suggests many are deferring the hardest abatement and capital-intensive measures until late in the transition.

Most major mining companies have set themselves interim emissions targets. A standard benchmark is a 30% reduction in Scope 1 and 2 emissions by 2030. However, Fortescue has set the ambitious target of ‘real’ net-zero by 2030.

In the near term, renewable electricity is the most readily deployable lever for reducing operational emissions and is increasingly being implemented through power purchase agreements (PPAs) and on-site renewable generation. Many miners are also pursuing pragmatic interim measures, such as trolley-assist and alternative fuels, to support near-term targets and operational efficiency, though adoption is frequently moderated by capital discipline

Over the medium to long-term, electrification remains the central pathway to deep decarbonization and can improve cost performance over the asset life. However, scalability is limited by the need for enabling infrastructure, including renewable generation, co-located battery energy storage, transmission and distribution upgrades, and charging or battery swapping capability.

Reasons to Buy

Identify the market trends within the industry and assess what the biggest players in mining are doing to reduce emissions.

Develop market insight of the major technologies used to decarbonize the industry, including timelines for their respective commercial viability, and the drivers and barriers to their implementation.

Facilitate the understanding of what is happening within hard-to-abate industries as they look to become carbon neutral by 2050.

Edify Energy
Rio Tinto
BHP
Caterpillar
Anglo American
Teck
Canada Nickel
Fortescue
Harmony Gold
Agnico Eagle
Alcoa
AngloGold Ashanti
Antofagasta
Barrick
Boliden
Freeport-McMoran
Codelco
CMOC
Glencore
Implats
GrupoMexico
Hindalco Industries
Gold Fields
KGHM
Newmont
Kinross
Northern Star
Polyus
Solidcore Resources
South32
Sibanye Stillwater
Vale
Zijin Mining
Jiangxi Copper
Coal India
First Quantum Minerals
Lundin Mining
Norilsk Nickel
Maaden
Statkraft
Lightsource Renewable Energy Australia
Yindjibarndi Energy
NOA Group Trading
Etana Energy
Zenith Energy
Envusa Energy
EDF Power Solutions
Aggreko
CHN Energy Investment Group
Ural Mining and Metallurgical
The Singareni Collieries
Peabody Energy
Hubei Yihua
China Huaneng
Shandong Gold
Inner Mongolia Dian Tou Energy
Tonly
XCMG
Komatsu
Yutong
Hitachi
Snay
LGMG
Sinotruk
Liebherr
Sandvik
Eimco Elecon
Epiroc
BEML
Simplex Engineering
Atlas Copco
Aramine
TRF
PIMCU
Artisan
CoMinVi
Hina Battery
Progress Rail
ExxonMobil
Cummins
Wolfram
Hutten AG
Energie Steiermark
Orica
Acciona
EODev

Table of Contents

Overview

– Executive Summary

– Decarbonizing mining over the past year

Mining companies’ net-zero and emissions targets

– Net-zero targets for operational emissions

– Interim emissions targets

– Scope 1 and 2 emissions disclosures

Decarbonization strategies in mining

– Key decarbonization technologies in mining

– Advantages, disadvantages, and timeline for technologies

– Assessing technologies for decarbonizing mining

– Macroeconomic challenges facing the decarbonization of mining

Renewable energy in mining

– Miners’ renewable electricity share

– Power purchase agreements

– Renewable energy capacity owned by mining companies

– Mine on-site power sources

– Renewable energy case studies

Electrifying mining

– Electrification as the mining industry’s long-term solution

– The role of OEMs in accelerating the electrification of mines

– Company targets for EVs

– Electrification case studies

Alternative fuels in mining

– Global production outlook for alternative fuels

– Company targets and initiatives for alternative fuels

– Alternative fuels case studies

Hydrogen in mining

– Global hydrogen production outlook

– Hydrogen case studies

CCUS in mining

– Carbon capture’s application within mining is still very nascent

Table

What's changed in the last year

Net-zero targets of selected major mining companies

Intermin emission targets

Scope 1 and 2 emission disclosures

Evaluating decarbonization technologies

When decarbonization technologies will be widely available in mining

Assessing decarbonization potential

Power purchase agreements within mining

Figures

Leading mining companies by percentage of electricity consumption from renewable sources in 2025

Mining companies' active and upcoming renewable energy capacity as of August 2026

Mining companies' renewable energy capacity by technology as of August 2026

Share of on-site power generation capacity in mines by power type and plant status as of August 2026

Mine on-site fuel source by type and region for active and upcoming mines as of August 2026

Number of electric equipment by company as of August 2026

Top 10 estimated market shares by OEM for electric trucks

Top 10 estimated market shares by OEM for electric loaders/LHDs

Global production outlook for renewable diesel, FAME, and ethanol 2022-2030

Mines utilizing conventional fuels as power source as of August 2026

Global low-carbon hydrogen outlook based on active and announced projects 2022-2030

Global carbon capture capacity based on active and announced projects 2022-2030

End-purpose active global CCUS projects in 2025 vs 2030

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