Tuesday, 25 August 2020
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The London Metal Exchange (LME) plans to launch a trading platform and green attribute tracking certificate called the LMEpassport for 'low-carbon' aluminium, marking it the first time a metal will be traded based on its environmental footprint in the exchange's 143-year history.
The LME has outlined plans to support sustainable metal production through providing a separate spot trading platform whereby producers can voluntarily log their metal's carbon-related details and consumers can source low-carbon aluminium which is typically produced with hydropower and other forms of renewable energy.
Aluminium is widely used in the transport and packaging industries. According to the latest International Aluminium Institute (IAI) figures, the aluminium sector contributes 1.1 Gt CO2e or 2% ...