As decisions over the future viability of deep sea mining are under review, Planet Tracker’s latest report ‘The Climate Myth of Deep Sea Mining’ examines deep sea mining companies’ claim that mining polymetallic nodules could be a low carbon alternative to mining on land.

Comparing three academic lifecycle assessment studies evaluating the ‘nodule-to-commodity’ climate impact of metals produced from polymetallic nodules and land ores reveals that deep sea nodules could have 28% higher or 76% lower climate impact than land ores. Planet Tracker believes that such a marked variation in results is not a good enough basis for making decisions about the future of deep sea mining.

Incitec Pivot appears to be on course for a 1.5°C pathway by 2030, contingent on the successful implementation of its mitigation projects. By 2030, the majority of Incitec’s total GHG emissions will come from downstream Scope 3 activities (43%), followed by Scope 1 activities (32%). Without further mitigation, Incitec Pivot’s total GHG emissions will overshoot SBTs by 23%, pushing its 1.5°C pathway alignment towards a well-below 2°C warming scenario by 2030.

Incitec Pivot demonstrates a robust commitment to its climate transition with ambitious greenhouse gas (GHG) reduction targets and proactive risk management. The company’s revised transition plan aims to achieve a 42% absolute reduction in emissions by 2030 and Net Zero by 2050. A more detailed connection between mitigation projects and transition investments would enhance Incitec’s transparency and align the company’s efforts more clearly to its 1.5°C target by 2030, and subsequent Net Zero by 2050.

A new investigation by Planet Tracker reveals that profits in the industrial Indonesian tuna sector will all but disappear due to climate change and unsustainable practices. Implementing a series of nine nature-positive measures that reduce bycatch and overexploitation while improving traceability and transparency will more than offset the negative impact of climate change on the industry’s profits.

A new investigation by Planet Tracker reveals that profits in the industrial Indonesian tuna sector will all but disappear due to climate change and unsustainable practices unless companies adopt nine nature-positive measures now. Sustainability is poor within the industrial fleets that catch tuna in Indonesia, the world’s largest producer. Climate change will make things worse: the industry will catch an estimated 25% to 31% less tuna by 2050.

At the end of 2021, following an international consensus to negotiate a legally binding Global Plastic Pollution Treaty by the end of 2024.

Fixing Nitrogen: Financial markets need to focus on nitrogen, presents a detailed analysis of the shortcomings of the global nitrogen industry, which is critical for producing ammonia-based fertilisers essential to food production.

The world uses twice as much nitrogen fertiliser as it needs, but production capacity is forecast to grow 6% to 202 million tonnes by 2027. This could result in stranded assets for companies and financiers. Are we reaching peak fertiliser production?