Net Zero Industry Tracker 2024 Aluminium

2050 net- zero scenario 0.29 tCO2e/t of aluminium2481012tCO2e/t of aluminium6 BAU Net zero2023 20502050 BAU scenario 8.45 tCO2e/t of aluminium 20409.6510.04 20309.06 1.2510.04 6.8 0Readiness Emission intensity trajectory for the aluminium sector Decarbonization levers and top mitigation methods (NZE Scenario)FIGURE 53 FIGURE 54Source: IAI. Overall aluminium demand is expected to grow by 80%429 by 2050. The transport, construction, packaging and electrical sectors will account for most of the growth in aluminium demand. Increasing industrialization in emerging markets and global growth in transmission and distribution infrastructure are expected to be the main drivers for demand growth. Most of the demand growth is expected to be in the secondary aluminium market. Thus, the industry needs to act fast on decarbonization to continue reduction in emission intensity and to offset the increase in demand. Top three mitigation methods 2022 2030 2050 Energy efficiency Expected to reduce emissions by 9% CCUS Expected to reduce emissions by 7%0.20.3 0.1 0Electrification Expected to reduce emissions by 38% Increase in activity Avoided demand Energy efficiency Electrification CCUS Other process shifts+12% -27%+16% -97% Source: Accenture analysis based on IEA data. Net-Zero Industry Tracker: 2024 Edition 5