The Industry Context:
Building on its $7.1 billion cumulative cement industry investment portfolio, IFC has developed a tool to help cement companies in emerging markets to start planning the transition. The tool helps firms make an initial high-level assessment of major decarbonization options.
- 7% of global annual GHG emissions come from the cement sector
- Between now and 2050, global cement demand is projected to rise by 12 to 23%
- The sector must annually reduce its GHG emissions by 3% to reach net zero by 2050
How it Works
Rooted in IFC's global industry knowledge of over 50 years, the tool helps firms explore five decarbonization measures at the plant level:
Percentage Contributions To Net Zero In 2050*
* Global Cement and Concrete Association: GCCA Concrete Future - Roadmap to Net Zero