Top Posts
Death toll from Mokwa flood rises to 153
Scientists say nearly 40% of the world’s glaciers...
Nigerian government seeks alignment of NDC climate action...
German court dismisses climate case against RWE
WHO Climate Change action plan approved
Report: World likely to breach 1.5°C limit in...
At Bonn climate talks, Brazil demands early deals...
Researchers warn Africa could face 113 million climate...
LAPO MfB launches tree-planting initiative to fight climate...
Stiell says new NDCs are about growth, antidote...
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
452

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

Scientists say nearly 40% of the world’s glaciers...

June 3, 2025

German court dismisses climate case against RWE

May 28, 2025

WHO Climate Change action plan approved

May 28, 2025

Report: World likely to breach 1.5°C limit in...

May 28, 2025

At Bonn climate talks, Brazil demands early deals...

May 23, 2025

Guterres raises alarm over rapid Himalayan glacier melt

May 17, 2025

Study shows two-thirds of global warming caused by...

May 8, 2025

Weather expert warns climate change to hit agriculture...

May 5, 2025

Trump dismisses authors of major climate report

April 30, 2025

New UN report shows Indigenous Peoples sidelined in...

April 25, 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