The importance of copper’s role in decarbonisation cannot be overstated. Some four million tonnes of copper are produced, recycled or converted into value-added products across Europe each year. Of course these activities require energy. However, they also provide the building blocks on which to base industrialised economic recovery and the new technologies a low-carbon economy needs.
The European copper industry has developed strategies that trigger and support substantial carbon reductions in the downstream industrial, residential and service sectors.
By 2020, these strategies could deliver 130 million tonnes of CO2 savings per year.
This amount would grow steadily, and by 2050, total EU CO2 emissions could be reduced by 25% — more than 1,100 million tonnes per year — relative to 2011 levels.
The European copper industry has also developed and is advancing strategies to reduce its own carbon footprint. Through significant capital investments, the copper producing industry has successfully reduced its CO2 emissions by cutting its unit energy consumption by 60% versus 1990. Copper producers are united in their dedication to continuing this effort and will report on their progress.
For more information, download the report “Copper’s contribution to a low-carbon future – A plan to decarbonise Europe by 25 percent”.
Globally, similar investments in copper-based strategies could reduce the world’s carbon footprint by 16% by 2030. This means a 5.7 billion tonne reduction in CO2 and a savings of $860 in energy costs each year.