Top Posts
Report: Nigeria, others may lose $300 billion, 49m...
Pope Leo hits out at climate change critics
Nigeria insurers prepare to global delegates on climate...
Energy Dept. asks employees not to use words...
Protesters seek $5tr payment from fossil fuel companies
Borno govt, NGOs demand funding on climate change...
Lagos rolls two-year flood plan to integrate lakes,...
UN official says climate change displaces up to...
UN ends high-level week with calls for peace,...
Ahead of COP30 conference, new national climate plans...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

ICA unveils plan to reach net zero emissions by 2050

by Segun Ogunlade March 7, 2023
written by Segun Ogunlade March 7, 2023
563

As parts of efforts to make the copper sector become more attractive to environmentally-conscious investment funds, a group of the world’s biggest copper producers has announced plans that are aimed at slashing direct and indirect greenhouse gas emissions to zero by 2050.

The International Copper Association’s (ICA) roadmap released on Tuesday set a target for members to cut direct and indirect emissions by 30% to 40% by 2030, and by 70% to 80% by 2040, before reaching zero by 2050, as copper demand forecast to double to 50 million tonnes by 2050 from 2020 levels.

China is the world’s biggest producer of refined copper but it has no company in the association whose members include BHP Group, Chile’s Codelco, Glencore, Freeport-McMoRan, Japan’s JX Nippon Mining & Metals Corporation and Poland’s KGHM.

Read also: China empowers judges to hear climate-related cases to meet emission reduction targets

Part of the plans by the copper producers is to reduce direct and indirect emissions by decarbonising power supply, improving efficiency and scrap collection since copper production from scrap metal can typically be done via electricity, thereby making it easier to decarbonise.

The ICA’s members will also work with customers to reduce their “scope 3” emissions by 10% by 2030, by 30% to 40% by 2040, and by 60% to 70% by 2050, it said.

“These collective ambitions show a clear trajectory to achieving defined emissions reductions of up to 85% by 2050, with the balance to be addressed through advanced technologies and enhanced collaboration,” the ICA said.

The sector should be an attractive investment for funds that use environmental, social and governance (ESG) criteria, given copper’s key role in the energy transition and the “ambitious” decarbonisation plans, the ICA said.

Story was adapted from Reuters.

EmissionEnvironmentICA
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
China empowers judges to hear climate-related cases to meet emission reduction targets
next post
BoE unsure of need for climate capital buffer for banks

Related Posts

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 2025

UN ends high-level week with calls for peace,...

September 30, 2025

China announces plans to cut greenhouse gas emissions...

September 25, 2025

China locks down as Super Typhoon Ragasa nears...

September 24, 2025

Trump says climate change ‘greatest con Job in...

September 24, 2025

PERILS sets final industry loss estimate for 2024...

September 22, 2025

Guterres says 1.5C climate warming goal could fail

September 22, 2025

Australia sets 62-70% GHG emission reduction target by...

September 22, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World