Anglo American has signed a memorandum of understanding (MoU) with Codelco, a Chilean mining company. The agreement involves Anglo American’s subsidiary, Anglo American Sur SA (AAS), which owns 50.1% of the company. Both firms will work together on a joint mining plan for their neighboring copper mines, Los Bronces and Andina, in Chile.

This partnership aims to increase copper production with minimal additional investment. By collaborating, they plan to enhance the value of the mining district.

Duncan Wanblad, Chief Executive of Anglo American, said,

 “Copper is at the forefront of our growth ambitions and we already have a clear pathway to more than 1 million tonnes of annual copper production by the early 2030s, a 30% increase. Building on that growth pipeline, Los Bronces and Andina present obvious and significant adjacency benefits and together represent approximately 2% of global copper Resources and Reserves, with approximately 60 million tonnes of contained copper¹. By putting in place a joint mine plan and optimising the use of our respective processing plants, we believe we can unlock an additional 2.7 million tonnes of copper production over a 21-year period from 2030 alongside other operational synergies made possible by coordinating our activities across the site. Anglo American and Codelco will both retain flexibility to develop separate standalone projects, including development of underground resources during the period of the joint mine plan in an appropriately coordinated manner.”

Unlocking the Anglo-American and Codelco Copper Mining Collaboration

Wanblad praised both companies’ technical teams for their years of collaboration. He also added that the partnership with Codelco has created a strong agreement that will help Anglo American, Codelco, their AAS partners, and local communities in Chile.

Shared Production, Costs, and Sustainable Mining

Both companies will share copper production, profits, costs, and risks equally. AAS and Codelco will keep full ownership of their mining assets. This includes land and processing plants. They will continue to operate separately.

The deal includes sustainability rules to protect the environment and support local communities. This commitment ensures both companies remain accountable for their social and environmental responsibilities. Additionally, it prioritizes protecting the high Andean ecosystems and biodiversity.

The agreement is expected to generate at least $5 billion in profit before taxes, with both companies splitting the earnings equally.

Timeline and Regulatory Approvals

They plan to finalize their review and sign agreements by late 2025. This depends on meeting key requirements, such as obtaining environmental permits and regulatory approvals. Until then, both mines will continue operating under the 2019 cooperation agreement.

The press release also revealed that according to Anglo American’s Ore Reserves and Mineral Resources Report and an S&P Global report,

• The copper reserves and resources under this MoU total about 60 million tonnes. This excludes reserves from separate underground projects at Los Bronces and Andina. 

Anglo American’s Strong Copper Output with Future Growth Plans

Anglo American’s copper operations did well as highlighted in its q4 2024 earnings report.

Copper output increased by 9% from the last quarter, with Quellaveco leading the way But production was down 14% compared to 2023. This drop happened because of a planned shutdown at a smaller, expensive plant in Los Bronces. Also, lower ore grades at Collahuasi contributed to the decline.

• For 2024, copper production was between 730 and 790 kT. This covers operations in Chile and Peru. It does not include output from the Platinum Group Metals business.

Furthermore, the restructured Los Bronces mine runs efficiently. The company expects copper production to rise in 2026 and maintain steady production in 2027. This growth will come from higher-grade ore in Chile.

• CHECK OUT: Live Copper Prices
• SEE MORE: Copper Prices Slump Below $9,000: What Does It Mean for Global Growth?

Commitment to Sustainable Mining

Anglo American’s Sustainable Mining Plan aligns with the UN’s Sustainable Development Goals (SDGs). These include bold goals for 2030.

Codelco Revives its Copper Output

Codelco focuses on exploring, developing, and processing minerals. Its main products are refined copper and by-products for global markets.

• By September 30, 2024, copper production dropped 5%. It reached 988 ktons , down from 1,040 ktons last year. This figure includes Codelco’s share in El Abra and Anglo American Sur.

Despite challenges, Codelco reversed the trend. In the third quarter of 2024, its owned production increased by 1.7% compared to the same time in 2023.

2030 Sustainability Goals

• The company aims for a 70% reduction in greenhouse gas emissions, powered by a 100% renewable energy matrix.

• It aims to cut PM10 (Particulate Matter with a diameter of 10 micrometers or smaller) emissions by 25% while adopting new dust suppression technologies and ensuring air quality meets safety standards.

Codelco plans to switch all underground mining equipment to electric options. They also support creating green hydrogen for industrial use.

Water conservation is also a key focus. Codelco plans to invest in a desalination plant and water recovery systems. This will help reduce inland water use by 60% for each ton of ore processed in the North District. These initiatives show Codelco’s commitment to a greener, more responsible future in copper mining.

However, it aims to become carbon neutral by 2050.

A New Model for Public-Private Collaboration

Máximo Pacheco, Chairman of Codelco, commented

“Codelco and Anglo American have been good neighbours for decades. This relationship has developed through more than 10 cooperation agreements between the two companies over half a century. Today, we have a unique opportunity to rethink the development of this mining district and take a strategic and beneficial step: moving forward with an alliance that will allow us to increase copper production by an average of nearly 120 thousand tonnes of fine copper per year, without any material additional investments. Considering total production, this district would become one of the three most important in Chile and the fourth worldwide. In this way, we will contribute a critical mineral for the transition to a decarbonized economy and generate additional value of at least $5 billion pre-tax, increasing our contribution in the short and medium term while strengthening Chile’s position as a leading global copper supplier.”

The post Anglo American and Codelco Join Forces to Maximize Chile’s Copper Output appeared first on Carbon Credits.

Carbon removal means capturing CO₂ from the air and storing it for good. This helps lessen the effects of climate change. Methods include direct air capture, reforestation, and ocean-based solutions. It is becoming a key strategy for companies aiming to reduce emissions.

Climeworks recently boosted the market by securing big deals with TikTok and Two Drifters Distillery. They will remove over 6,000 tons of CO₂. These partnerships show a growing need for carbon removal solutions. Companies are striving for their net-zero goals.

Second, a new trading platform, Crbn.trade, is set to launch a mobile app to make carbon credit trading accessible to individual investors.

How Climeworks is Scaling Carbon Removal for a Net Zero Future

Climeworks, based in Switzerland believes that achieving net zero needs a blend of effective carbon removal methods. They provide tailored solutions by blending nature-based methods like afforestation and biochar with advanced tech. This includes enhanced weathering, BECCS, and Direct Air Capture (DAC). This flexible approach helps businesses meet sustainability targets while adapting to changing regulations.

Climeworks plans to be the first DAC company to reach net zero. As per their sustainability report, it aims to scale to gigaton capacity by 2050 and targets net zero corporate emissions by 2030.

In 2019, Climeworks launched the first online platform for carbon removal. This helps people and businesses offset their emissions. Since then, over 21,000 individuals and many small and medium-sized companies have used it. Ten23 Health and 118Group recently joined forces. This reflects a rising interest in carbon removal within business sustainability plans.

                       2050 Carbon Removal Target

• RELATED: Microsoft Signs 10-year Carbon Removal Deal with Climeworks

TikTok’s Multi-Year Carbon Removal Deal to Combat Emissions

The press release revealed TikTok has partnered with Climeworks to remove 5,100 tons of CO₂ by 2030. They will use Direct Air Capture (DAC), Biochar, and Reforestation to cut emissions. This effort follows industry best practices and supports TikTok’s sustainability goals.

Ian Gill, Global Head of Sustainability at TikTok, emphasized the company’s commitment:

“We carefully evaluated multiple providers to build a high-quality carbon removal portfolio. Climeworks met our highest standards and fits perfectly with our strategy to achieve carbon neutrality by 2030.”

TikTok’s short videos attract over 1 billion users, but its energy use comes at a cost. The platform’s heavy reliance on video streaming leads to an estimated 50 million tonnes of CO₂ emissions yearly—almost as much as Greece’s total emissions.

Unlike Meta and Google, TikTok has not disclosed detailed emissions data, raising concerns about transparency. A Greenly report shows one minute on TikTok produces 2.921 grams of CO₂e—slightly less than YouTube but more than Instagram. However, TikTok’s high daily usage makes its total emissions much higher.

Most of its emissions come from energy-hungry data centers, which process and stream content. While TikTok operates one renewable-powered data center in Norway, the rest rely on fossil fuels like coal and natural gas.

• SEE MORE: TikTok’s 50-Million-Ton Carbon Crisis: Almost 7x Bigger Than Meta’s Footprint

Two Drifters Distillery Strengthens Commitment

Two Drifters Distillery makes the UK’s most sustainable rum. They focus on cutting emissions first and remove only what they can’t avoid. To stay accountable, they created a self-funded carbon tax and pay Climeworks to permanently remove any CO₂ they emit. Since carbon removal is expensive, reducing emissions is their top priority.

Since 2020, Two Drifters has partnered with Climeworks to lower its carbon footprint. Now, they are expanding this partnership. By 2032, they aim to remove 1,067 more tons of CO₂ using Direct Air Capture (DAC).

Cutting Emissions at Every Step

• 100% electric distillery powered by renewable energy
• Electric vehicles for deliveries
• Lightweight UK-made glass bottles
• Closed-loop cooling system to save water
• Locally sourced labels to cut transport emissions

Through these efforts, Two Drifters has reduced its total carbon footprint to 1.20 kgCO₂e per bottle (cradle-to-grave)—far lower than the industry average of 2.95 kgCO₂e (cradle-to-gate). It then removes this CO₂ with Climeworks, making its footprint less than zero. The company boasts, “Every sip of its rum is carbon-negative, no matter where it’s enjoyed.”

Two Drifters stands out because it uniquely includes carbon removal costs in its production expenses. This strategy promotes sustainability while also boosting profitability.

Co-founder Dr. Russ Wakeham pointed out how this model affects the company’s long-term goals. He said,

“The more carbon we avoid through sustainable practices, the greater our margins become.”

Crbn.trade: Expanding Access to Carbon Markets

Quantum Commodity Intelligence reported that Crbn.trade, a new carbon trading platform is launching a mobile app.

This app will help individual investors trade carbon credits easily and allow users to buy, sell, and trade carbon credits like stock market trading.

Rene Velasquez, chief executive and founder of Crbn.trade said,

“Retail participation in equities helps to drive the market and is a massive component of liquidity. As investors have become more sophisticated, they’re more active. That liquidity helps not only in price discovery, but it helps market participants enter and exit at will,” he said.”

Thus, the whole purpose is to revive retail participation, offering a secure and regulated alternative.

Currently, the carbon market is dominated by large corporations and financial institutions. By simplifying access, Crbn.trade aims to attract small investors. The app’s testing phase begins on March 5 and users can register in advance.

Carbon Credits Portfolio

Crbn.trade tailors their portfolios based on different carbon removal methods, including, Direct Air Capture (DAC), Afforestation, Reforestation & Revegetation (ARR), Biochar, Regenerative Agriculture, Soil Carbon Sequestration, Bioenergy with Carbon Capture and Storage (BECCS), Enhanced Rock Weathering (ERW), Ocean Alkalinization and Fertilization, Blue Carbon, Agroforestry, and Improved Forestry Management

Financial Benefits and the Future of Carbon Removal

Experts consider carbon removal to be more than an environmental effort—it’s a smart financial move. As carbon pricing changes, companies with long-term agreements can avoid future cost spikes. A diverse carbon removal plan ensures reliable delivery and stable costs. Businesses now see it as a key strategy to stay profitable while meeting sustainability goals.

As more companies see the benefits of carbon removal, demand for high-quality options will rise. Climeworks stands out by providing tailored solutions to help businesses meet net-zero targets. As financial gains align with sustainability, more companies will adopt carbon removal. This will make it a common practice across industries.

• FURTHER READING: Carbon Markets in 2025: A New Era of Accountability, Quality, and Transparency 

The post Carbon Removal Gets a Boost: Climeworks Partners with TikTok & Two Drifters, While Crbn Launches Carbon Credits App appeared first on Carbon Credits.

Walmart announced its fourth-quarter earnings for fiscal year 2025. The e-commerce giant achieved a record-breaking revenue of $680.985 billion, surpassing its previous year’s performance. This equates to an average daily income of about $1.86 billion. 

Amid this financial success, how will Walmart move toward its climate and net zero goals? 

Profits Soar While Sustainability Goals Stall?

Walmart posted adjusted earnings per share (EPS) of $0.66 and revenue of $180.55 billion for Q4. This exceeded analyst predictions of $0.64 EPS and $180.31 billion in revenue.

The company’s growth was significantly driven by its online business, which saw a 16% increase in sales during the 4th quarter. Despite a 4.1% rise in sales for the quarter, net profit experienced a slight decline of 4.4%, amounting to $5.254 billion. 

Comparable sales for Walmart U.S. increased by 4.6%, driven by a 16% growth in global e-commerce. Additionally, the giant retailer’s advertising sector reported a robust 29% growth. 

The company’s competitive pricing strategy attracted a diverse customer base. These include higher-income shoppers seeking value amid economic uncertainties. 

However, the largest retailer is being careful about the next fiscal year. They expect only slight sales growth and earnings per share that could be as much as 27 cents lower than what analysts predicted. This cautious outlook stems from possible consumer reluctance and the effects of tariffs on imports from China and elsewhere. 

Following the announcement, Walmart’s shares experienced a decline of up to 7.8%. Analysts worry about a potential drop in consumer spending. This concern comes from post-holiday spending trends and inflation caused by protectionist trade policies. 

Walmart faces challenges, but it stays focused. It uses its size to improve online and in-store options, helping it keep its edge in retail.

Analysts are still hopeful about Walmart’s market share growth and solid business trends. They do have worries about e-commerce profits and ongoing investments. The company focuses on competitive pricing. This strategy attracts many customers and helps it thrive in an uncertain economy.

But how does the e-commerce giant advance its sustainability and climate goals? Its latest report says Walmart is lagging behind its climate targets. Let’s take a closer look at the company’s sustainability efforts.

• RELATED: Walmart Sees Revenue Boost in Q2, Emissions Nudge Higher

Walmart’s Net Zero and Sustainability Initiatives

Walmart continues to show commitment to environmental impact. So, it has started many initiatives to cut greenhouse gas (GHG) emissions and boost sustainability in its operations and supply chain.

Commitment to Net Zero Emissions

In 2020, Walmart announced its ambitious goal to achieve zero emissions across its global operations by 2040. This commitment encompasses a comprehensive strategy that does not rely on carbon offsets. To reach this objective, the company has outlined several key focus areas:

• Renewable Energy Transition: Walmart aims to power 100% of its global operations with renewable energy sources by 2035. By 2024, the company stated that about 36% of its operations used renewable energy. This shows steady progress toward its goal.
• Fleet Electrification: Transportation is a significant contributor to GHG emissions. Walmart has set a target to electrify its entire vehicle fleet, including long-haul trucks, by 2040. This initiative is expected to substantially decrease emissions associated with product distribution and logistics.

RELATED: Amazon’s $1 Billion Move Towards Net Zero: Logistics Electrification Across Europe

Project Gigaton: Supply Chain Emission Reductions

Walmart knows that much of its carbon footprint comes from its supply chain. So, in 2017, it started Project Gigaton. This program seeks to engage suppliers in the collective goal of reducing or avoiding 1 billion metric tons (a gigaton) of GHG emissions by 2030. The initiative focuses on several key areas:

• Energy Efficiency: Encouraging suppliers to adopt energy-efficient practices and technologies to minimize emissions.
• Sustainable Agriculture: Promoting farming practices that reduce environmental impact and enhance carbon sequestration.
• Waste Reduction: Use strategies to cut waste during the product lifecycle. This starts from manufacturing and goes to end-of-life disposal.

In February 2024, Walmart said it met its Project Gigaton goal 6 years early. It cut, avoided, or captured one billion metric tons of CO₂e emissions from its supply chain. This milestone underscores the effectiveness of collaborative efforts in driving substantial environmental impact.

As of the latest reports, over 3,100 suppliers have now joined the project. They are helping to reduce emissions significantly.

By 2023, Walmart reduced operational emissions by 19.3% from its 2015 baseline, with a 45% decline in carbon intensity. However, a 3.9% rise in annual emissions that year has led the company to delay its predetermined reduction targets.

Other major sustainability efforts of Walmart include:

Circular Economy

Walmart wants to promote a circular economy. They aim to cut waste and boost the reuse and recycling of materials. The company has set a goal to achieve zero waste in its operations in key markets, including the U.S., by 2025. Initiatives include:

• optimizing packaging,
• increasing the recyclability of private-brand products, and
• collaborating with suppliers to minimize waste throughout the product lifecycle.

Sustainable Product Sourcing

Ensuring that products are sourced responsibly is integral to Walmart’s sustainability efforts. The company aims to source key commodities by 2025. These include palm oil, beef, soy, pulp, paper, and timber. All must be free from deforestation. This means working together with suppliers.

The retailer established clear sourcing standards. They also support sustainable farming and forestry efforts.

Collaborative Efforts and Advocacy

Walmart understands that addressing climate change requires collective action. The company works with different coalitions and partners to promote sustainability in retail and beyond.

Walmart wants to make a bigger impact. It does this by sharing best practices, supporting policies, and engaging stakeholders.

Challenges and Future Outlook: Balancing Profit Margins with Green Initiatives

Walmart has faced challenges in reaching its interim climate and net zero goals, despite its ambitious plans. In December 2024, the company said it won’t meet its goals.

• It expects to fall short of cutting operational GHG emissions by 35% by 2025 and 65% by 2030.

Several factors cause this shortfall. First, some low-carbon technologies are not available. Others are too expensive, especially in refrigeration and transportation. Second, there are limits to their clean energy infrastructure and policies.

Walmart tackles these challenges by investing in new ideas. They also work with industry partners, policymakers, and tech developers. The company works hard to speed up the development and use of sustainable technologies. It also wants to improve energy efficiency and support policies that help move us toward a low-carbon economy.

In summary, while Walmart has made significant strides in its financial performance, the path to achieving its long-term net zero goals requires more effort, innovation, and collaboration. The company takes a proactive stance and values transparency, making it a leader in corporate sustainability. It works hard to grow its business while also being responsible for its environmental footprint.

• READ MORE: Is Walmart’s Net Zero Emissions Target Slipping Away?

The post Walmart Reveals Record-Breaking Q4 Revenue But Net Zero Goals Lag Behind appeared first on Carbon Credits.

Top news sources reported that India and France will collaborate on building Small Modular Reactors (SMRs) and Advanced Modular Reactors for civilian use.

Indian Foreign Secretary Vikram Misri said that both countries will design, develop, and produce these reactors together. He noted that modular reactor technology is still in its early stages. Significantly, international cooperation will help address challenges in large-scale nuclear projects.

This partnership signals a major shift in India’s nuclear policy. The government used to enforce strict rules. Now, it is opening the sector to global partnerships and private investment.

India’s Nuclear Push for Energy Security and a Greener Future

• According to the Government of India, the country’s nuclear power capacity is projected to increase from 8,180 MW to 22,480 MW by 2031-32, with ten reactors under construction.

India is taking strong steps to enhance energy security and reduce carbon emissions. As per Reuters, Finance Minister Nirmala Sitharaman set a goal of 100 GW of nuclear power by 2047. The government has allocated over $2 billion for nuclear research and development. It also plans to construct five homegrown reactors by 2033.

NTPC, India’s largest state-run power producer, is boosting its nuclear goals. The company initially aimed for 10 GW of capacity but now targets 30 GW in the next twenty years. This expansion will cost about $62 billion. It fits with the government’s push for private and foreign investment in nuclear energy.

                                India’s Nuclear Share Trend

Overcoming Challenges

NTPC is actively working to secure land for its nuclear projects. Land acquisition is still a big hurdle. Public resistance has slowed India’s atomic energy growth in the past.

To speed up progress, NTPC has teamed up with the Nuclear Power Corporation of India (NPCIL). They plan to build two 2.6 GW nuclear plants—one in Madhya Pradesh and another in Rajasthan. The company is exploring 27 potential sites across eight states. These include Gujarat, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, and Tamil Nadu.

These locations could support at least 50 GW of nuclear power. However, addressing local concerns and getting regulatory approvals will be key for these projects.

Private Sector and Global Interest in India’s Nuclear Market

India has relaxed rules on nuclear investments. Reuters further revealed that this change has drawn major companies like Tata Power, Vedanta, Reliance Industries, and Adani Power. NTPC has launched a new subsidiary called NTPC Parmanu Urja Nigam. This move aims to strengthen its nuclear initiatives. This subsidiary will look for investment opportunities and partnerships.

NTPC is talking with international firms from Russia and the United States. They are exploring small modular reactors. These new reactors could help India diversify its clean energy sources and reduce its reliance on coal.

Nuclear power is becoming a key part of the country’s plan for low-carbon energy and this shift supports its sustainability goals.

• RELATED: India and UAE Sign Major Agreements with Focus on LNG and Nuclear 

France Uses Nuclear Power to Fuel AI Growth

On January 30, 2025, EDF released its new nuclear power generation estimates for France. These projections cover the next three years.

• 2025 & 2026: EDF previously estimated nuclear output between 335-365 TWh per year. Now, the range has increased to 350-370 TWh annually.

• 2027: The estimated nuclear generation remains at 350-370 TWh for the year.

India is focusing on nuclear energy for sustainability. Meanwhile, France is using its nuclear surplus to boost AI advancements.

AI computing needs a lot of electricity. Major tech firms are investing billions in large, power-hungry data centers. Most of these chips, mainly from Nvidia, power AI systems. They handle complex calculations that are essential for AI models.

S&P Global reported that President Emmanuel Macron pledged one gigawatt of nuclear power. This will support an AI computing project that aims to build one of the largest AI hubs in the world.

Tech firm FluidStack, will lead the project. It will connect 250 MW of nuclear power to AI computing chips by the end of 2026. Once finished, the facility may support 500,000 Nvidia AI chips by 2028. It could expand to 10 GW by 2030.

This project may cost billions of dollars. The company still needs to secure enough funding and AI chips to succeed. Brookfield Asset Management is investing 20 billion euros in AI infrastructure in France. Also, the UAE is teaming up with France to create an AI campus that runs on nuclear energy.

Source: IAEA

• READ MORE: Oklo and Switch Make History with 12 GW Nuclear Power Agreement 

The Future of Nuclear-Powered AI and Energy Security

AI computing demand is soaring. By 2030, top AI models may need more than 5 GW of electricity. France’s choice to use nuclear power for AI development may boost its edge. This move helps keep France a leader in low-carbon energy.

For India, nuclear power is becoming a cornerstone of its clean energy transition. Nuclear energy is key to reaching the 500 GW goal for non-fossil fuel by 2030. It will help cut carbon emissions and provide a stable power supply.

India and France are deepening their nuclear cooperation. Both nations are now leaders in global energy and AI innovation. This shift boosts energy security and speeds up the move to cleaner, sustainable technologies.

Nuclear Investment Trends: The Case for SMRs

Notably, global investment in nuclear energy is set to rise. Right now, it’s about $65 billion each year. Nuclear capacity is expected to grow by over 50% to nearly 650 GW by 2050.

With stronger government actions, the investment could go even higher. In the Announced Pledges Scenario (APS), energy and climate policies could raise investment to $120 billion by 2030. Also, nuclear capacity would more than double by mid-century.

In the Net Zero Emissions by 2050 scenario, investment might top $150 billion by 2030. Capacity could exceed 1,000 GW by 2050.

Large reactors lead the way in investment. However, small modular reactors (SMRs) are growing fast. With better policy support and simpler regulations, SMR capacity could reach 120 GW by mid-century. This would need more than 1,000 SMRs and investment up to $25 billion by 2030 and $670 billion by 2050.

SMRs and large-scale reactors can help Europe, the US, and Japan regain their leadership in nuclear technology.

• LATEST: Core Power to Drive Net-Zero Shipping with Mass-Produced Floating Nuclear Power Plants 

For real-time insights into uranium pricing, visit our Live Uranium Pricing page.

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