The financial future of clean cement
A Morgan Stanley analysis estimates that decarbonizing cement production by midcentury would require up to $1 trillion, Ben writes.
Why it matters: Cement — the key ingredient in concrete — is a big deal from a climate standpoint, with production accounting for an estimated 7% or so of global CO2 emissions.
What they found: Efficiency gains are the biggest near-term opportunity, but that alone isn’t a roadmap to net-zero emissions, especially as volumes grow.
- The report notes that will also require tech including carbon capture and various emerging low- and zero-carbon processes that are now in the nascent stages.
- We’ve coveredsome of the clean cement startups in raising decent capital of late.
The bottom line: “We estimate that up to $1 trillion of capital investment could be required over the next 30 years to upgrade kilns, develop innovative products and implement carbon capture technology,” the analysts say.
Threat level: Failing to decarbonize global economies is more expensive than financing steep emissions cuts.
Πηγή: axios.com
