Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The International Aluminium Institute (IAI) has published a report on ways to curb greenhouse gas emissions for the aluminium sector till 2050. These ways are discussed after considering the data available with IAI and after analyzing the global aluminium industry.

In the report titled ‘Aluminium Sector Greenhouse Gas Pathways to 2050’, IAI mentioned about three approaches to reduce emissions, in sync with the International Energy Agency’s scenario. It charts a path aligned with the Paris Agreement to hold the rise in global temperatures to well below 2°C. 

The demand for aluminium products is expected to grow by 40pc and the industry is working to reduce its emission by about 80pc. Recycled aluminium from post-consumer scrap will more than triple through to 2050 as a result of the creation of newer infrastructure, urbanization, and overall economic growth. To ensure the reduction in emission while meeting the increasing demand will require investment in production technologies and the commitment throughout the value chain mentions the report.

Miles Prosser, the IAI’s Secretary-General added that over the last two years a Greenhouse Gas Pathways Working Group consisting of IAI member companies and regional associations has been working to find out ways to achieve global climate goals.

The International Aluminium Institute (IAI) represents the global primary aluminium industry. The Institute has global data on aluminium with more than 40 years of analysis on production, consumption, energy use, and environmental impact. 

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