Accelerating the race to net zero for steel, cement and construction

Today, the world emits 50 billion tons of CO₂ equivalents of greenhouse gases (GHG) each year. As part of this, so-called ‘hard to abate’ industries are responsible for 27% of the global CO₂ emissions, making them the second-largest source of GHG emissions. Materials, steel, cement, aluminum, and chemicals are responsible for almost two-thirds of these. The construction industry, which relies on materials like steel and cement, is directly affected by the emissions generated in the hard-to-abate industries. According to the Global Alliance for Building and Construction, the construction industry emits 38% of global energy-related CO₂ emissions, which is expected to increase if no urgent actions toward net-zero targets are implemented.

With a continuously growing population, urbanization, and the rising advancement of developing countries, the construction industry is expanding rapidly. As part of this, the global demand for cement is expected to grow between 12 and…