1、PAGE 1Aluminum Decarbonization at a Cost That Makes SenseAluminum decarbonization at a cost that makes senseTo reach an emissions pathway consistent with 1.5C of global warming,the aluminum industry needs to reinvent itself and its production processes.Sponsored byAnalytical support from McKinsey&Co

2、mpanyPAGE 2Aluminum Decarbonization at a Cost That Makes SenseAcknowledgementsThis report was produced by the Mission Possible Partnership.McKinsey&Company provided fact-based analysis for the report.This work is independent,reflects the views of the authors,and has not been influenced by any busine

3、ss,government,or other institution.McKinsey&Company does not provide investment or policy advice.Alasdair Graham is the head of industry decarbonization for the Energy Transitions Commission in London,where Marten Ford is sector lead for aluminum and Jason Martins is a senior analyst.The authors wis

4、h to thank McKinsey for providing analytical support,including Pedro Assuno,Patricia Bingoto,Maimouna Diakhaby,Jeffrey Lorch,Kayla Olson,Reinaldo Penso,Matthias Strtz,and Alex Ulanov.All analysis developed in 2022.User can edit inputs to reflect current market conditions.PAGE 3Aluminum Decarbonizati

5、on at a Cost That Makes SensePREPARED BYMission Possible Partnership(MPP)Led by the ETC,RMI,the We Mean Business Coalition,and the World Economic Forum,the Mission Possible Partnership(MPP)is an alliance of climate leaders focused on supercharging the decarbonization of seven global industries repre

6、senting 30 percent of emissions:aluminum,aviation,cement and concrete,chemicals,shipping,steel,and trucking.Without immediate action,these sectors alone are projected to exceed the worlds remaining 1.5C carbon budget by 2030 in a business-as-usual scenario.MPP brings together the worlds most influen