6 August 2012
CSI member companies in India, including ACC Limited, Shree Cement Ltd and Ultratech Cement Ltd, and the International Finance Corporation announced signing of cooperation agreements to support low carbon investment in the Indian cement sector.
The IFC’s support has broadened the horizons of the roadmap project. IFC involvement will enable Indian members of the CSI to look at ways in which emissions reduction technologies could be used at their plants, whether that be related to energy efficiency, upgrading technology, material conservation, etc.
The study will be the first to focus on one designated industry in a specific country, which in 2009, CSI produced a global analysis on how the cement sector could reduce its direct emissions 18 percent from 2005 levels by mid-century.