Global aluminum sector ‘challenged’ by climate targets: IAI
Hellenicshippingnews - The rate of change needed for the global aluminum industry to meet existing net-zero carbon emissions targets is “challenging” and is it unclear at present whether these targets will be reached, according to Miles Prosser, secretary general of International Aluminum Institute (IAI).
Depending on the region, the targets require companies to achieve net-zero carbon emissions between 2050 and 2070 in line with Paris Agreement principles. However, the aluminum sector sources nearly half its electricity supplies from countries’ grids and energy infrastructure, which first need to be decarbonized, Prosser said in an interview with S&P Global Platts.
The very high temperatures needed for the electrolytic reduction of aluminum oxide, or alumina, into high-purity aluminum metal make the sector one of the most energy-intensive there is.