We set our emissions reduction targets in 2022, covering the mandatory emission sources as defined by the CNGP. We are targeting reductions of 43% by 2025 and 50% by 2030, against our base year of 2018–19.
Current modelling indicates we will better our 2025 reduction target. Measured emissions are currently 52.8% lower than the 2018–19 base year. At the end of 2024–25, IR will need to offset all remaining mandatory emissions to achieve carbon neutrality.
| Year | Actual | Target | 1.5℃ requirement | Forecast |
|---|---|---|---|---|
| 2019 | 6,389 | - | 6,389 | 6,389 |
| 2020 | 5,620 | - | 6,389 | 5,620 |
| 2021 | 2,851 | - | 6,121 | 2,851 |
| 2022 | 2,235 | - | 5,852 | 2,235 |
| 2023 | 2,848 | - | 5,584 | 2,848 |
| 2024 | 3,016 | - | 5,316 | 2,944 |
| 2025 | - | 3,642 | 5,047 | 2,793 |
| 2026 | - | - | 4,779 | 2,693 |
| 2027 | - | - | 4,511 | 2,620 |
| 2028 | - | - | 4,242 | 2,555 |
| 2029 | - | - | 3,974 | 2,497 |
| 2030 | - | 3,194 | 3,706 | 2,445 |
Last updated:
05 Dec 2024