CEMENT Demand and Supply Analysis Sample Clauses

CEMENT Demand and Supply Analysis. Cement and concrete sectors face a considerable challenge: how to increase production to help roll out infrastructure services and structural while also achieving emissions reductions in line with global targets. Cement manufacturing is a huge part of global emissions: the chemical and thermal combustion processes involved in the production of cement are a major source of CO2, contributing around 8% of annual global release. Despite this, a substantial expansion of construction market is needed to meet the SDGs (Sustainable Development Goals), as expanding access to clean water and energy depends on replacing old and building new infrastructure. The Global Commission on the Economy and Climate estimates that USD 90 trillion will be invested in infrastructure through to 2030, and that two-thirds of this investment will be in developing countries. It also projects that, if developing countries expand their infrastructure to current average global levels, the production of the required materials alone will cumulatively emit 470 Gt of CO2 by 2050. Against this scenario, greenhouse gas emissions need to fall by around half by 2030 to meet the Paris Agreement goal of keeping global warming to well below 2°C above pre-industrial levels, and to pursue efforts to limit the temperature increase even further to 1.5°C. So, carbon-neutral or carbon-negative construction would be required everywhere from 2030 onwards, which implies the need to rapidly scale up the use of building materials with zero or negative emissions in the next decade.1