Shaping a Sustainable Future: Aluminium Industry’s Pivotal Climate Initiative Unveiled at COP28
As global leaders converge at COP28 in the United Arab Emirates, the call to combat climate change resonates louder than ever. The aluminium industry, contributing 2% to global emissions and pivotal in green technologies, acknowledges its role and embraces a collective commitment to align with climate goals.
Decisive Action at COP28
The aluminium industry, a driving force in global economies, job creation, and community infrastructure, acknowledges its pivotal role in addressing generational challenges like the climate crisis. COP28 becomes the stage for a decisive industry-wide response.
IAI’s Milestone Initiative
The International Aluminium Institute (IAI) spearheads a groundbreaking initiative unveiled at COP28. Aimed at transparently tracking and reporting member companies’ progress in emissions reduction, this commitment sets a new standard for accountability and sustainability.
COP28 presents an unparalleled opportunity for the aluminium industry to unite in sustainable development. Urgency is paramount, prompting member companies to declare long-term emission reduction targets by 2024 and outline actionable plans. The initiative’s annual progress reporting underscores the industry’s commitment to transparency and ambitious targets.
The industry is already making strides in decarbonizing electricity, reducing process emissions, and enhancing recycling. Initiatives like China’s hydropower shift and innovative technologies exemplify tangible efforts. The industry vows to intensify investments, foster innovation, and actively engage in global dialogues to expedite the transition to a greener future.
The Power of Collaboration
Collaboration is not just advantageous; it’s imperative. IAI’s partnership with the World Climate Foundation at COP28 underscores the need to engage with the investment and business community. Unlocking capital and forging strategic alliances will be pivotal in realizing sector ambitions.
The aluminium industry acknowledges a shared responsibility. Providing sustainable materials while driving down the costs of clean technologies is a dual commitment. This collaborative investment is a testament to the industry’s dedication to a sustainable, low-carbon future.
Seizing the Moment at COP28
Against a backdrop of challenges, from rising inflation to geopolitical uncertainties, the collective resolve of the industry must remain unwavering. Strengthening partnerships across sectors and with policymakers is essential for meaningful solutions. Failure to act at COP28 sends a message of disregard for the climate emergency. The time for action is now, as the industry stands ready to shape a greener, resilient tomorrow and a sustainable future for all stakeholders.
Source: Pernelle Nunez, Deputy Secretary General with additional information added by Apazone