5-year countdown: How close is the aluminium industry to meeting the 2030 low-carbon goal?
A gentle but urgent reminder: the world has just five years left to meet the 2030 low-carbon target – a milestone set by high energy-intensive industries to reduce greenhouse gas emissions by 45 per cent from 2010 levels of approximately 43,420.56 megatonnes of carbon dioxide equivalent, aiming to limit global warming to 1.5°C above pre-industrial levels. This ambitious target is not an individual checkpoint but a vital stop on the journey to net zero-emissions by 2050. With the clock ticking, it is essential to track where exactly do the world’s carbon-heavy industries stand today? Are we on pace—or falling further behind?
A report by the Mission Possible Partnership (MPP), which is a climate alliance dedicated to accelerating decarbonisation of the world’s heaviest-emitting industries, offers a mixed bag of progress. The aluminium sector, perhaps surprisingly, is outpacing others, with 25 per cent of its 2030 decarbonisation goal either operational or having reached a final investment decision. The goal is the setting up 165 low-carbon refineries and smelters worldwide.
In contrast, cement and steel industries have achieved only 4 per cent of the targeted 100 low-emission cement plants and 13 per cent of 90 near-zero emission steel plants are in motion.
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