WCA urges climate change action
(Posted on 27/06/18)
The World Cement Association (WCA) has warned of the growing pressures on the global cement industry and urges leading players to act together on climate change and transition to a low carbon production.
With new regulations coming into force in a growing number of countries, such as the extension of the CO2 trading scheme, cement companies which are not able to limit their emissions may have to buy extra permits. China just established the world largest emission trading scheme, starting with power production facilities, and other countries might follow, affecting large parts of the cement industry. Europe has also upgraded its emissions trading scheme, and CO2 price increases are expected beyond 2020.
At the same time, pressure from investors and financial markets is growing for energy-intensive sectors to adapt their business strategies to this low-carbon transition. Having to simultaneously keep their business profitable and meet the demand for buildings and infrastructure while decreasing its carbon intensity from production processes, fuel uses and its product end use, the cement sector is coming under increasing pressure.
“It is high time for the cement industry to take joint action on climate change together,” said Bernard Mathieu, Director of the WCA Climate Programme. “The low carbon transition also creates new business opportunities and new revenue streams for the building materials sector, which should be seized and deployed now to be prepared for future challenges.”
At its Global Climate Change Forum, the World Cement Association will engage in a dialogue with experts and representatives from the cement industry to discuss the actions required to effectively address the environmental challenges faced by the sector. With a membership base representing more than 1 billion tons of annual cement production capacity all around the world, the WCA and its members have the power to affect change.
Latest News
Pilbara production record as Rio Tinto releases Q2 results
(Posted on 16/07/26)Rio Tinto has driven performance to achieve 3% YoY CuEq1 growth in the first half of 2026.Chief Executive... Read more
Record iron ore production helps strengthen BHP growth pipeline
(Posted on 16/07/26)BHP have released its Operational Review for the year ended 30 June 2026.Chief Executive Officer, Brandon... Read more
Stranded sulphur cargoes in Gulf face mounting corrosion risk, warns Brookes Bell
(Posted on 07/07/26)Bulk carriers carrying elemental sulphur cargoes in the Strait of Hormuz are at significant risk of... Read more
BHP and Faraday Copper sign definitive San Manuel agreement
(Posted on 06/07/26)Further to BHP’s announcement in February, BHP, through a wholly owned subsidiary, has executed... Read more
Urea price dive hits Australian grain suppliers
(Posted on 03/07/26)Australia’s Federal Government's fertiliser support package has come under scrutiny as global... Read more
SSAB pauses work at construction site in Luleå
(Posted on 30/06/26)SSAB has once again paused work at the construction site for its new steel mill in Luleå, Sweden... Read more
Trafigura issues USD500 million senior bond
(Posted on 29/06/26)Trafigura Group Pte Ltd. has announced the issuance of a USD500 million senior Reg S bond with a five... Read more
NGFA welcomes Senate Farm Bill proposal
(Posted on 29/06/26)The National Grain and Feed Association (NGFA) in the USA has welcomed the release of Senate Agriculture... Read more
Agreement paves way to deliver 2.7 million tonnes of additional copper production
(Posted on 25/06/26)Anglo American plc, through its 50.1%-owned subsidiary, Anglo American Sur S.A., and Codelco, have announced... Read more
SSAB and partners launch closed loop steel recycling initiative in US
(Posted on 24/06/26)SSAB Americas, The Greenbrier Companies and Alter Trading are partnering on a circular economy project... Read more
