IAI REPORTS PROGRESS IN GREENHOUSE GAS REDUCTION INITIATIVE

Key Highlights: Key Highlights: Pernelle Nunez, Deputy Secretary General and Sustainability Director of the IAI, said: "Our industry recognises its responsibility in the global fight against climate change. The progress we've made demonstrates our commitment to transparency and accountability as we work towards a sustainable future." The Initiative has revealed encouraging trends in emissions reduction targets. Interim targets range from 10% to 50% reduction in emissions or...

LONDON, 07/11/2024 (informazione.it - comunicati stampa - ambiente)

The Initiative has revealed encouraging trends in emissions reduction targets. Interim targets range from 10% to 50% reduction in emissions or emissions intensity, reflecting variance in company starting points". Half of the companies explicitly apply net zero targets to Scope 1 and 2 emissions, with a small number including Scope 3. Some member companies have set emissions intensity targets alongside or instead of absolute targets, and there is variation in how targets are structured across different companies.

Compared to interim targets, long-term goals show more consistency, with the majority aiming for net zero or neutrality by 2050, though only a few explicitly mention Scope 3 emissions. Some companies have aligned their targets with national commitments or set specific emissions intensity reduction goals instead of absolute net-zero targets.

The aluminium industry is investing in new technologies and processes , including inert anode technology, carbon capture and storage, and renewable energy sources for aluminium smelting. These innovations are crucial for achieving the sector's decarbonisation goals.

The IAI will continue to provide annual updates on member companies' emissions reporting and targets, fostering transparency and accountability. Despite recent progress, the IAI acknowledges that the industry's current trajectory is not aligned with the Paris Agreement's goals and encourages actors across the value chain to work more closely towards deeper emissions reductions to keep the Paris Agreement goals in reach.

 

The International Aluminium Institute (IAI) is the only body representing the global primary aluminium industry. The Institute has the most comprehensive global data on Aluminium with more than 50 years of analysis on production, consumption, energy use and environmental impact. For more information, visit  www.international-aluminium.org , or connect with us on  X  and  LinkedIn . 

 

 

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