The International Energy Agency (IEA)’s Tracking Industry report provides updates on the progress of cement, steel, and other industries towards implementing the emissions reductions strategies required to reach the Sustainable Development Scenarios established by the IEA.
The most recent report found that direct industrial CO2 emissions, which comprise approximately 24% of global emissions, declined only 0.6% in 2018 to 8.5 GtCO2. This decline fell very short of the 1.2% decline in emissions required annually to reach the target of 7.4 GtCO2 by 2030 set out by the Sustainable Development Scenarios (SDS). The report identifies government innovation funding and mandatory CO2 emissions reduction and energy efficiency policies as key to achieving the necessary reduction in emissions to reach this target.
The sub-sectors “Iron and Steel” and “Cement” are the two largest contributors to global industrial emissions. Specific progress updates are therefore provided for both sectors, as well as regarding progress on changes in other areas such as aluminum manufacturing and uptake of carbon capture, utilisation, and storage (CCUS) technologies.
The IEA has also published several roadmaps related to building material-producing industrial sectors, including:
- Technology Roadmap – Low-Carbon Transition in the Cement Industry, published April 2018; and
- Iron and Steel Technology Roadmap, published October 2020.