Cement majors sign global pact to lower carbon emission

Cement manufacturers ACC, Shree Cement and Ultratech Cement signed cooperation agreements to support low carbon investment in the Indian cement sector. The agreements were signed in Geneva with member companies of the World Business Council for Sustainable Development’s (WBCSD) Cement Sustainability Initiative (CSI), and the International Finance Corporation (IFC).
The cooperation agreements are part of a project the industry is co-leading, to develop the low carbon technology roadmap for the Indian cement industry. “The Indian roadmap, to be launched in late 2012, will be the first roadmap to focus on one specific industrial sector in a single country,” a WBCSD statement said.
WBCSD’s CSI and the International Energy Agency (IEA) 2009 Global Cement Technology roadmap was the first report of its kind to provide a vision for carbon emissions reductions for one industry sector as a whole, up to 2050. The roadmap outlines a possible transition path for the industry to make continued contributions towards a halving of global CO2 emissions by 2050. As part of this contribution, this roadmap estimates that the cement industry could reduce its direct emissions 18 per cent from 2005 levels by 2050.

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