In the short term, emissions are on a rising trend, notwithstanding a temporary decline during the covid-19 pandemic, putting the world a long way off track to reach zero emissions by 2050.
Moscow has been trying to protect its defense and construction industries from further growth in raw materials costs as metals prices rise at a global level.
The project will help cut carbon emissions by 12% compared with 2020 levels at its Mt. Keith and Leinster nickel operations, where power is currently being generated through diesel and gas turbines.