Cement Industry Backs EU’s Bold 2040 Emissions Target
Cement

Cement Industry Backs EU’s Bold 2040 Emissions Target

Cement is an irreplaceable material, vital for the infrastructure that underpins a green economy. While we are fully committed to decarbonising, this journey will require more than just plans — it demands collaborative action. The decarbonisation bank offers a promising avenue for scaling up innovation and attracting the necessary investment to meet the ambitious 2040 goals. To be truly effective, funding must be fairly distributed between developed and emerging markets, ensuring that all regions can accelerate the transition to low-carbon cement. With the right support, decarbonisation is not just possible—it is within reach.”

Emir Adigüzel, Founder of the World Cement Association and Executive Chairman of ACG International, on the European Commission’s renewed commitment to a 90 per cent emissions reduction by 2040, including support for the steel and cement industries in their transition. He said “The cement industry welcomes the European Commission’s commitment to decarbonisation, particularly the creation of a decarbonisation bank, which is a crucial step in helping industries like ours achieve net-zero emissions. As highlighted in the World Cement Association’s latest white paper, the cement sector will require $200 billion in investment by 2050 to fully decarbonise, making financial support essential."

The World Cement Association is the original international cement association and represents the cement industry and its stakeholders. Corporate Members are cement producers and have equal rights regardless of size or nationality. WCA connects members across the world and provides practical help to improve competitiveness and sustainability.

Cement is an irreplaceable material, vital for the infrastructure that underpins a green economy. While we are fully committed to decarbonising, this journey will require more than just plans — it demands collaborative action. The decarbonisation bank offers a promising avenue for scaling up innovation and attracting the necessary investment to meet the ambitious 2040 goals. To be truly effective, funding must be fairly distributed between developed and emerging markets, ensuring that all regions can accelerate the transition to low-carbon cement. With the right support, decarbonisation is not just possible—it is within reach.” Emir Adigüzel, Founder of the World Cement Association and Executive Chairman of ACG International, on the European Commission’s renewed commitment to a 90 per cent emissions reduction by 2040, including support for the steel and cement industries in their transition. He said “The cement industry welcomes the European Commission’s commitment to decarbonisation, particularly the creation of a decarbonisation bank, which is a crucial step in helping industries like ours achieve net-zero emissions. As highlighted in the World Cement Association’s latest white paper, the cement sector will require $200 billion in investment by 2050 to fully decarbonise, making financial support essential. The World Cement Association is the original international cement association and represents the cement industry and its stakeholders. Corporate Members are cement producers and have equal rights regardless of size or nationality. WCA connects members across the world and provides practical help to improve competitiveness and sustainability.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement