Net Zero Industry Tracker 2024 Cement

CEMENT Key performance data 2023328,329,330,331 6%2.4 Gt CO2e4%0.58 tCO2e/t Contribution to global CO2e emissionsScope 1 and 2 emissions Emissions decrease (2019-2023)Emissions intensity ~0%6%<1%$1 .42 trillion Change in emission intensity (2018-2022) Reduction in expected demand in NZE scenario by 2050, compared to 2023Current low-emission clinker productionAdditional investment required for net zero by 2050 Performance summary –The emission intensity has been relatively stable332 for the last five years, primarily due to the slow adoption of supplementary cementitious materials (SCMs). –The cement industry’s absolute emissions have seen a 4%333 decline in from 2019 to 2023, driven by a 3%334 decline in demand for cement. –Low-emission clinker production accounted for less than 1%335 of total production worldwide in 2022. The share of low-emissions fuel in thermal energy use currently accounts for only 5%336 of total production. –The energy mix for cement consisted of 77% coal and petroleum coke, 15% natural gas, 4% non-renewable waste and 4% renewable waste.337 –Current infrastructure stands at less than 1%338 for CCUS, clean power and hydrogen of the required infrastructure capacity by 2050 for net-zero emissions. Future emissions trajectory –The industry is forecast to reduce emissions intensity by 22%339 by 2030 compared to 2023 levels (according to the IEA’s Net Zero Scenario), and absolute CO2e emissions are expected to be 1.91 Gt340 in 2030. –A total of 61%341 of publicly traded companies in the cement industry consider climate change in their operational decision-making processes. Net-Zero Industry Tracker: 2024 Edition 2