Why Addressing the Aluminium Industry’s Carbon Footprint is Key to Climate Action


The aluminum industry faces a critical moment in the pursuit of global decarbonization goals as it accounts for approximately 2% of human-caused greenhouse gas emissions, emitting 1.1 billion tonnes of CO2 annually. The demand for aluminum, vital for construction, transportation, and power transmission, is projected to grow by over 50% by 2050, underscoring the urgent need to address emissions.

Three key aluminum-producing regions - China, the US, and the EU - are at the forefront of this challenge. China, the largest carbon emitter globally, recently committed to reaching peak emissions by 2030 and net-zero by 2060. Aluminum production in China is a major contributor to sectoral emissions due to coal-powered electricity, representing 58% of the sector's carbon footprint in 2019.

In the US, President-Elect Joe Biden's plans to decarbonize the energy grid by 2035 and achieve net-zero emissions by 2050 signal potential progress. Europe, with its European Green Deal and ambitious decarbonization goals, is also a key player in the industry's transformation. International collaboration is essential to address the systemic challenge posed by the global climate crisis, particularly as aluminum's demand continues to rise.


Trademarks and copyrights are owned by World Economic Forum, in collaboration with Accenture and information is based on publicly available data. Ubuntoo is not affiliated with World Economic Forum, in collaboration with Accenture

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WEFICWA

World Economic Forum, in collaboration with Accenture

November 30, 2020

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