International Copper Association Launches Roadmap to Reach Net Zero Emissions by 2050

The International Copper Association (ICA) has released a new roadmap to reach net zero in Scope 1 and 2 emissions by 2050, and structure a plan to work towards the same goal for Scope 3 emissions. The roadmap sets out guidance for members to reduce Scope 1 and 2 emissions 30-40 percent by 2030 and 70-80 percent by 2040.

Mar 7, 2023

International Copper Association (ICA) members have launched a new roadmap and aligned on an ambition to reach net zero in Scope 1 and Scope 2 emissions by 2050, and work toward the same goal for Scope 3 emissions. The roadmap states how ICA members will reduce Scope 1 and 2 emissions through four abatement levers based on market-ready and developing technologies: alternative fuels, equipment electrification, green electricity and energy efficiency.

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As copper demand is set to double by 2050, the roadmap sets out clear guidance for ICA’s members to reduce Scope 1 and 2 emissions 30-40 percent by 2030 and 70-80 percent by 2040. Regarding Scope 3 emissions, members will work with value chain partners to reduce emissions 10 percent by 2030, 30-40 percent by 2040, and 60-70 percent by 2050. This would result in a collective emissions reduction of up to 85 percent by 2050. 

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ICA estimates that certain industry needs and policy goals must also be met in order to hit the roadmap’s goals. These include further research and development into innovative technologies for emissions reduction, the decarbonization of local power grids and regulatory certainty, including fair and stable royalties and long-term mining licenses. ICA members have also pledged to actively engage with the copper industry value chain toward the ambition of reducing Scope 3 emissions through partnerships across the value chain, and through overcoming the challenge of a reliance on the availability of up-to-date, quality data on emissions factors from various suppliers, service providers and customers.