Alcoa and Eurasia Group Released New White Paper on Green Transition and Economic Competitiveness

As of now, the aluminium sector accounts for approximately 3% of the global industrial carbon emissions, it noted.

SEATTLE (Scrap Monster): Alcoa Corporation, along with Eurasia Group, announced publication of a new white paper. The white paper titled “Competitiveness & Green Transition in the Aluminum Industry: Finding Synergies or Facing Trade-Offs” explores economic competitiveness and the green transition in the aluminium industry.

According to the white paper, the global investment in the energy transition touched a record of $2.1 trillion during the previous year, with world aluminium demand forecast to surge by 40% by 2030and 80% by 2050, upon comparison with the levels in 2020. As of now, the aluminium sector accounts for approximately 3% of the global industrial carbon emissions, it noted.

The white paper noted that aluminium demand has been on the rise across technologies such as solar panels, wind turbines, electric vehicles. At the same time, the global aluminium industry has been engaged in effort aimed at reducing its own carbon footprint.

The implementation of major green policies is expected to reshape trade flows and supply chain decisions, which in turn may create both risks and opportunities for aluminium producers.

Despite faced with challenges including high energy costs and supply chain disruptions, industry leaders such as Alcoa are seen pursuing ambitious climate goals.