Latest News Tue, Dec 5, 2023 7:07 AM
Ten of the world’s largest concrete companies and cement plants, including Heidelberg, Cemex and Holcim, join architects, engineers, and construction firms in a collective acknowledgement for action.
Mission Possible Partnership (MPP) have developed the new strategy with industry input that sets out milestones and commitments needed by government, industry and investors over the next 25 years to make net zero emissions concrete and cement a reality.
Concrete is the world’s most widely used material after water, and with cement, it is an essential part of the global economy, critical to buildings, transportation, and other infrastructure.
The sector currently generates 8% of global CO2 emissions: more than aviation and shipping combined. The challenge of increasing emissions is becoming more urgent as production of concrete and cement is increasing to meet global needs. Without efficiency gains, demand for cement is projected to increase by 50% by 2050.
‘Making Net Zero Concrete and Cement Possible’ shows, through its Net Zero scenario, how the sector can reach net zero GHG emissions and comply with a 1.5°C target if urgent action is taken across all three groups of levers:
CCUS currently has the largest emissions saving potential of all available technologies, and 33-45 new CCUS plants with an annual capacity of 80 megatonnes (Mt) of CO2 must be in operation by 2030 for the industry to stay within its carbon budget. However, new data from MPP’s tracking of green industrial projects – released by MPP for COP28 – shows that the current pipeline falls short, as projects struggle to reach FID. Fifteen plants have so far reached this critical point.
MPP is calling for immediate action across the concrete production value chain from industry, governments and financial institutions worldwide to create an enabling environment for innovation and decarbonisation. Its roadmap details actions needed in the short and long term to rapidly decarbonise the sector.
Mission Possible Partnership CEO, Faustine Delasalle, says: “Our report sets out precisely what needs to happen to make zero carbon concrete and cement a reality, but time is not on our side. The moment to roll up our sleeves and work together across the value chain and with governments is now. Immediate collaboration and cooperation – from producers through design and construction – together with policymakers and finance – is essential to making the necessary progress this decade.
“Collective acknowledgement for the strategy, from a wide variety of companies and the largest in the concrete and cement sector reflects the growing momentum of business for action in the near term. Making Net-Zero Concrete and Cement Possible joins a series of industry transition strategies, backed by 200+ industry players and developed by MPP to guide decarbonisation of seven hardest-to-abate sectors.”
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