Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 86

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 86
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       2030 | 2023–2050CAGR |
| Average exposed carbon price, (2023 US$/t CO2e)1 |        35 |         78 | 8%            |         66 | 5%            |
| Global GHG emissions, Gt CO2e                    |        54 |         55 | -3.2%         |         51 | -1.8%         |
| Global CO2combustion emissions, Gt CO22          |        33 |         32 | -4.6%         |         31 | -2.7%         |
| Global final energy demand, exajoule (EJ)        |       398 |        423 | 0.1%          |        414 | 0.2%          |
| Electricity share of final energy, %             |       27% |        32% | 3.8%3         |        32% | 2.2%3         |
| Non-fossil share of electricity generation, %    |       46% |        63% | 6.5%3         |        60% | 4.2%3         |

1. Simple unweighted average across Australian, European and North American national carbon schemes. 2. While total GHG emissions is the primary metric for estimating global warming, CO 2 combustion emissions give a clearer picture of the energy transition in the power and industrial sectors. 3. Indicates annual % growth of total electricity generation and non-fossil electricity generation. Transition risks and opportunities are broadly higher in the Conviction scenario than in the Resilience scenario due to greater volatility. In addition to the demand outlook, the main factors which influence whether operations stand to gain or lose from the energy transition include how emission-intensive an operation is relative to its industry peers, its geographical location (affecting which climate policies it will be subject to), and how suitable the product is for downstream decarbonisation. There are no portfolio adjustments made to the Group’s medium to long-term plan under the various scenarios. Additionally, as our macroeconomic modelling involves a range of variables, isolating and measuring the impact of specific climate risks and opportunities is challenging. Therefore, the potential quantitative financial impacts are not disclosed. Furthermore, we do not publish our commodity price forecasts as this would weaken our position in commercial negotiations and might give rise to concerns from regulators and market participants. As good