Fortescue launches positive power plan at APEC

Fortescue chairman Andrew Forrest speaking at APEC.
Fortescue chairman Andrew Forrest speaking at APEC.

Fortescue Metals (ASX:FMG) has launched the positive power plan at the 2023 Asia-Pacific Economic Cooperation (APEC) Summit in San Fransisco.

The plan was developed by Fortescue is response to global research and a lecture tour that escalating atmosphere heat is accelerating global humidity levels to a level that can be lethal.

In response to this, Fortescue formed the Lethal Humidity Global Council of scientists from Oxford, Cambridge, NASA, MIT, Harvard, CSIRO, Sydney University, Melbourne University, IIT Delhi, Peking University and Tsinghua University.

These scientists warned that lethal humidity — which is currently responsible for thousands of deaths worldwide — could be responsible for millions of deaths if left unchecked.

The plan is a practical response devised in consultation with global businesses and scientists for leaders to replace fossil fuels with green energy in a fair and seamless transition.

Fortescue chairman Andrew Forrest commented on the plan.

“The plan is a significant suite of initiatives to slow and eventually stop global warming in order to protect mammalian species from heat and humidity levels that extend beyond the limits of human survival,” he said.

“This APEC is a major opportunity for global business to pursue green energy and decarbonisation in what will be seen as a massive economic accelerator for nations who are building higher standards of living, employment and economic growth.

“The official launch of the plan at Australia House recognises the enormous potential that Australia has as a renewable energy superpower.” 

The plan outlines the steps that can be taken to prevent the impacts of rising global temperatures through dismantling cost distortions in energy markets and outlining how industry can be best supported to go green.

Fortescue chief climate scientist Shanta Barley says there has already been a significant rise in humidity levels.

“For every degree our planet warms, global humidity rises approximately 7% and we have already seen a significant rise in humidity levels since the 1850s,” she said.

“If we can’t cool ourselves, our internal body temperatures can quickly rise to a level that is deadly. Now, more than ever, policy makers must show leadership and accelerate action on the climate crisis.”