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Get latest articles and stories on Business at LatestLY. Dubai [UAE], December 7: The International Aluminium Institute (IAI) has launched a new initiative that commits to transparently and publicly track ambition and progress in greenhouse gas reduction of all its member companies. This initiative, which is being launched at the United Nations' Climate Change Conference (COP 28) in Dubai, has already been backed by major aluminium producers as the sector continues to act on reducing its greenhouse gas emissions. Business News | Aluminium Industry Backs New Greenhouse Gas Initiative.
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International Aluminium Institute: Post-consumer Aluminium Scrap Tops 20 Million Tonnes for the First Time
Says recycled aluminium could meet 50 per cent of demand by 2050
The International Aluminium Institute (IAI) has today released new data revealing a record 20 million tonnes of post-consumer scrap intake in 2019. This avoids 300 million tonnes of greenhouse gas emissions as the recycled metal reduces demand for primary aluminium.
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International Aluminium Institute: Post-consumer Aluminium Scrap Tops 20 Million Tonnes for the First Time (Photo: Business Wire)
This new high, published in the latest IAI Material Flow Model update, represents nearly 60 per cent of total scrap intake as post-consumer continues to outstrip pre-consumer scrap levels.