The Steel and Concrete Transformation: 2024 market outlook on lower emission steel and concrete report, Sep 2024
This report, jointly published by Climate Group and Ramboll, reveals nearly half of companies surveyed globally are ready to pay a premium for lower emission steel and concrete. With steel and concrete production accounting for 15% of global emissions, their urgent decarbonisation is critical to achieving our climate goals and protecting our planet for generations to come.
Key highlights:
- Research indicates growing momentum for green corporate procurement.
- Respondents stated there were key barriers, such as cost, industry conservatism, and lack of knowledge, to green procurement which need to be overcome.
- Businesses were clear that governments have a significant role to play in supporting them, with financial levers, carbon pricing, and minimum product standards or embodied carbon limits among those seen as most critical.
- There are encouraging signs that businesses expect the transition towards lower emission materials to be inevitable, with 78% of respondents stating they expect lower emission steel and concrete will be standard materials for new products or projects within the next decade.
Classification methodology for embodied carbon of concrete, July 2024
This report summarises the three methods of assessing embodied carbon of concrete relevant for the UK construction sector. It shows how their benchmarks can be used in combination to effectively set policy for, specify, and assess embodied carbon of concrete. This is an especially timely note as the importance of accurate data to identify and tackle emissions for materials such as concrete gains greater focus.
The paper is endorsed by Infrastructure Client Group, UK Low Carbon Concrete Group, ConcreteZero, Green Construction Board, and Institute of Concrete Technology.
