A Mission Possible Partnership initiative co-led by the World Economic Forum and Global Cement & Concrete Association.
The coalition, which currently has 40 leading companies representing approximately 40% of the cement & concrete industry, will help coordinate global climate action and innovation, stimulate demand, and ensure appropriate financing and public policy are in place to achieve the 2050 goal. It will focus on areas that require cross-industry and multi-stakeholder collaboration, such as standard setting, demand creation, and embracing the circular economy
To achieve this ambition, the coalition aims to ensure:
After water, concrete is the most used material on our planet due to its wide availability and performance as a building material. In future generations, concrete will be even more essential in shaping our world and addressing the need for sustainable communities and prosperity. This includes key infrastructure, homes, and clean water, as well as supporting the transition to low-carbon energy.
However, cement—the key binding ingredient in concrete—accounts for around 7% of global CO2 emissions. With global population on the rise and increased urbanisation, without intervention cement production to meet global demand is set to increase between 12% and 23% by 2050. Direct carbon emissions from cement could increase 4% globally by 2050 under the International Energy Agency’s reference scenario.
Decarbonizing the cement sector poses one of the most difficult challenges in the shift to a low-carbon economy. Two-third of total CO2 emitted in a cement plant are process emissions (generated from carbon released from the raw materials used), which are particularly difficult to avoid; the remaining one-third comes from the energy consumed during production.
Overall speaking, cement decarbonization is likely to imply a significant increase in production costs, but with a limited impact on consumer prices. Thus, requires significant investment and strong demand-side signals to the drive towards further decarbonization.
The cement & concrete industry has worked to reduce its emissions over the last decades, and recently leading manufacturers in the industry have committed to a climate ambition of producing carbon-neutral concrete by 2050.
The potential for CO2 reduction across the industry and its value chain is high, including:
The intent for the Mission Possible Partnership (MPP) and CAC coalition is to build on the Global Cement and Concrete Association (GCCA) sustainability charter and emissions reduction commitments in line with the Paris Agreement.
The CAC values the MPP for its cross-industry pollination and its ability to reinforce collaborative action from essential industries, their suppliers, customers, shareholders and financiers, as well as support in developing joint outreach for policy framework, demand signals, a road map and net-zero coalitions.
To achieve the high-level objectives a number of critical themes have been identified to assist the industry in its decarbonisation mission.
The CAC is seeking industry leadership to guide the vision of each workstream and build attainable outcomes. You can:
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