A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Cement Decarbonisation Paper Calls for Policy Support – CBI

Climate Bonds Initiative (CBI) has released a new paper highlighting the climate risk of the cement industry and how sustainable finance markets and policy can support its decarbonisation. If global cement manufacturing were a country, it would be the third-largest emitter on the planet, only after China and the USA, the report noted. Cement production represents around 7% of global emissions and is the second largest global industrial emitter after steel. Its decarbonisation, therefore, is especially critical as cement is also a key input into the supply chain of many industries, particularly construction and infrastructure. The cement industry is also highly capital intensive and financial flows need to be aligned with a Paris-compatible scenario, avoid lock-in, and be in place for the next investment cycle considering the longevity of cement assets (up to 60 years), according to the CBI. Fabio Passaro, Senior Transition Policy Analyst at CBI, said: “The cement sector is at an early yet critical stage in the net-zero transition. The success of the cement transition relies heavily on policy support which can play a significant role in determining which pathways are taken”. 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top