+
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
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code