CSI and cement leaders welcome The Paris Agreement's activation

The Paris Agreement entered into force on 4 November. Members of the Cement Sustainability Initiative (CSI) welcomed the news as a key milestone in establishing a stable regulatory framework to enable the business community to scale up the implementation of low-carbon solutions for climate change mitigation and adaptation.

On 5 October 2015, 55 Parties to the Convention (UNFCCC), accounting in total for at least an estimated 55 per cent of the total global greenhouse gas emissions, deposited their instruments of ratification, acceptance, approval or accession. The Paris Agreement was then created on 12 December 2015.

As the agreement entered into force, the CSI and its members have welcomed this achievement and congratulated the Parties and all the stakeholders that have contributed to the development, agreement and ratification of the Paris Agreement. This long-term, permanent framework, set up by the agreement, has been expected by the private sector for years.

Fernando Gonzalez, CEO of Cemex and current chairman of CSI, declared: "Climate change is a global issue that no one can solve alone. The cement sector has been working collectively since 1999 on measuring and reporting its CO₂ emissions while developing solutions for mitigation and adaptation through the CSI, that Cemex is currently chairing. We welcome the entry into force of the Paris agreement, that sets the long awaited regulatory framework to scale-up the implementation of these solutions and encourages further cooperation between private companies, policy makers and the financial community."

Philippe Fonta, managing director of the CSI, added: "We are delighted to see that the Paris agreement sets a framework for reporting CO₂ emissions that looks fully compatible with what the CSI has developed some 10 years ago, including the independent verification."

The CSI is now working on expanding its tools and guidelines to additional cement companies to build on the leading initiatives taken by the CSI members and scale up implementation of available solutions. With the whole sector realising the same ambition as the CSI members, the sector could potentially reach a reduction in CO₂ emissions by a range of 20 to 25 per cent in 2030 compared to business as usual. This would represent around 1Gt of CO₂ emissions, equivalent to the annual emissions of a country like Germany.

The next milestone of this collaborative approach is for CSI to dedicate its next annual forum to climate change mitigation and adaptation. On 13 and 14 December, exactly one year after the Paris agreement was adopted, the CSI will convene cement companies and a broad range of stakeholders to Madrid, to share the achievements the sector managed to reach in the first year after Paris as part of its continuous journey in tackling climate change and the next milestones of its global action plan covering subjects like energy efficiency, use of alternative fuels, reducing the clinker-to-cement ratio, identify and measure the avoided emissions throughout the value chain by using sustainable concrete, the development of new cements and concrete and the carbon capture and utilization or storage opportunities.