Brazilian miner Vale announced plans to invest up to 13 billion reais (about $2.56 billion) in decarbonization initiatives, according to a sustainability report. The investment includes 4 billion reais for operational decarbonization, 8 billion reais for industrial complexes focused on low-carbon technologies like steelmaking transition and iron ore briquettes, and 1 billion reais for R&D. The company did not specify the full timeframe but noted 24% of operational spending is medium-term and 76% long-term. Vale already invested 9 billion reais in decarbonization from 2020 to 2025. The company also warned it could face carbon costs of up to 22 billion reais at present value from carbon pricing mechanisms, with significant impacts expected from 2030 onward. The investment aims to meet voluntary emissions reduction targets and mitigate climate-related risks, with projects evaluated using an ESG matrix.
