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IFC supports ground-breaking WBCSD study into low-carbon technologies for Indian cement sector

Geneva, September 16, 2011 – The World Business Council for Sustainable Development (WBCSD) today announced a new, ground-breaking carbon emissions reduction initiative in India, the Low Carbon Technology Roadmap for Indian Cement Industry. The initiative is supported by the International Finance Corporation (IFC), a member of the World Bank Group, and is being carried out in collaboration with the International Energy Agency (IEA).

The WBCSD’s Cement Sustainability Initiative (CSI) and the IEA developed the Global Cement Technology roadmap in 2009. This was the first report of its kind to provide an ambitious vision for carbon emissions reductions for one industry sector as a whole, up to 2050. The Indian roadmap will be the first roadmap to focus on one specific industrial sector in one country.

IFC’s support enables WBCSD and the IEA to widen the project’s coverage and scope. As part of the Indian Cement Industry Low Carbon Technology Roadmap, a set of technology papers on greenhouse gas emission reductions relevant to the Indian cement industry will be developed. IFC support will also enable CSI member companies in India to oversee the customization of the national roadmap at selected plants, identifying where specific investments related to technology can lead to increased greenhouse gas emissions reduction.

Philippe Fonta, CSI Program Director, said: “With the IFC’s support, we are able to take this exciting project beyond the boundaries of our original ambitions. By using the roadmap to look at individual, plant-level practical low emissions technology options, companies will be able to accelerate their work on emissions reductions at the same time as developing their business in line with the ever increasing demand from the Indian construction industry. As a leading financial institution which has set high standards on social and environmental sustainability on their investments and with expertise in technical advisory, we highly value their support.”

“Pursuing a climate-friendly approach to growth is a sustainable model for development. The technology roadmap is an example of how the private sector can come together under an aggregator to support India’s low carbon development goals,” said Anil Sinha, IFC Advisory Services General Manager for South Asia. IFC’s advisory work supports the development of markets that are inclusive, sustainable and efficient. IFC seeks to increase private sector investment flows into projects that support more efficient use of energy, water, and materials, resulting in measureable reductions in greenhouse gas emissions and in the use of water and of natural resources.

The India roadmap will be developed collaboratively by the WBCSD’s CSI and the IEA. It will be led by CSI member companies in India which represent 54% of the country’s cement production.

They are:

  • ACC Ltd;
  • Ambuja Cements;
  • HeidelbergCement India Ltd;
  • Lafarge India Private Ltd;
  • My Home Industries Ltd / CRH;
  • Shree Cement;
  • Shree Digvijay Cement Co Ltd – Cimpor Group;
  • UltraTech Cement;
  • Zuari Cement.

The IEA will bring expertise in data analysis and modeling, and roadmap development. Technical consultancy is being provided by the Confederation of Indian Industry (CII) and (NCBM).

The global Cement Technology Roadmap 2009 is available for download on the wbcsdcement.org

 
 

 

     

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