The Mission Possible Partnership, an alliance of climate leaders focused on supercharging efforts to decarbonize some of the world’s highest-emitting industries, in collaboration with the International Aluminium Institute, has released an ambitious decarbonization roadmap that details what the global aluminium industry could look like in a zero-carbon world and what is required to get there in terms of energy, infrastructure, financing, and policy. The report is available as an interactive tool that allows users to compare decarbonization pathways for aluminium production in different regions.
Report Highlights
- Power decarbonisation is critical: all smelters will need to switch to low carbon power by 2035, equating to approx. 1,000 TWh of low-carbon electricity demand.
- Power decarbonisation is necessary but not sufficient to decarbonize the sector, new technology for low carbon anodes and new refining technologies need to be commercialized by 2030.
- Recycled aluminium plays a critical role, expanding from 33% of supply in 2020 to over 50% by 2050.
- Mobilizing approximately $1 trillion USD of investment over the coming 30 years will be needed to deliver the transition for the primary aluminium sector, with over 70% of that required for supporting infrastructure, primarily for power supply.
Signatories
Signatories as of 20th September 2022 include:
- Alcoa Corporation
- Alumina Limited
- Aluminerie Alouette
- Aluminium Association of Canada
- Aluminium Dunkerque
- Aluminium Stewardship Initiative
- Australian Aluminium Council
- Ball Corporation
- CBA
- Constellium
- Emirates Global Aluminium
- European Aluminium
- Hindalco Industries Limited
- HSBC
- Novelis
- Norsk Hydro ASA
- Rio Tinto Plc
- South32
- The Aluminum Association
- Vattenfall
Read more:
- Download Roadmap
- Aluminium Federation (ALFED) also recently released its Net Zero Report for the U.K. Aluminium sector and fully supports the need for more collaborative action: ALFED Net Zero Report
