Image: Photo by Louis Maniquet on Unsplash The majority of industry emissions comes from 4 material groups: Steel, cement, aluminum, chemicals. Global demand for the 4 focus materials is expected to increase – exacerbating the emission challenge. Getting to a 1.5°C pathway requires significant emissions reduction in all 4 material groups. There is still a large potential to improve circular material flows for all focus materials. Individual companies face several challenges when implementing circular economy solutions. The world must reach net-zero emissions by 2050 to avoid the worst effects of climate change. This is no easy feat, but one clear solution could lie in industry emissions. Globally, industry emissions are responsible for 27% of our CO2 emissions, second only to the power sector. Four materials are responsible for up to 60% of these industry emissions – steel, cement, chemicals and aluminum – reaching a total of 7.1 Gt CO2 per year. Note: A special livestream will appear in the above space 13:00 16 April. Given that demand for these materials is expected to increase over the coming years under a ‘business as usual’ scenario, successfully decarbonizing these materials is critical to solving the climate crisis. In this effort, the […]
4 ways the circular economy can help heavy industry reduce emissions
