08/30/2024 | News release | Distributed by Public on 08/30/2024 07:59
Low Carbon Copper refers to copper produced with a significantly reduced carbon footprint compared to conventional methods. This is achieved through various means such as using renewable energy sources, improving energy efficiency in production processes, recycling copper scrap, and adopting more sustainable mining and refining practices.
According to BISResearchthe global low-carbon copper market is projected to reach $172,853.6 million by 2033 from $81,334.8 million in 2023, growing at a CAGR of 7.83% during the forecast period 2023-2033.
Low-carbon copper is distinguished by its production process, which conforms to environmentally sustainable principles, leading to significant reductions in carbon dioxide emissions and waste generation. This environmentally conscious approach prioritizes the use of recycled materials and renewable energy sources, aligning closely with global sustainability goals. It integrates advanced technologies to improve efficiency and reduce the environmental impact.
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Several key trends and developments are likely to shape the future of this market
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Low carbon copper is set to become an indispensable material in the global transition towards a sustainable and low-carbon future. As industries, governments, and consumers increasingly prioritize environmental responsibility, the demand for copper with a reduced carbon footprint will continue to rise