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CarbonCure’s Path to the Decarbonization of Concrete Why the Decarbonization of Concrete Matters Concrete is the most abundant human-made material on the planet because its ingredients are widely available and result in a product that is incredibly strong, resilient, and effective in construction. There is no credible alternative to concrete, so innovation in concrete offers the biggest potential for CO2 reduction in the built environment. By 2060, 230 billion square metres of new buildings will be constructed, effectively doubling the current worldwide building stock. In the next ten years, most of that construction will take place in the Global North1 and China. In the Global South2 where much of the infrastructure is yet to be built, the demand for concrete will be even higher over the next 40 years. The time value of carbon — i.e. the amount of carbon reduction and when the reduction can happen — is critical here since the materials used in these projects will be manufactured in the near-term. Once carbon is emitted in the manufacturing process, it is difficult and expensive to recover it. CO2 emissions that are reduced today are more valuable than CO2 emissions reductions that occur in the future given the radiative impact of global warming. Growth of Global Building Stock by 2060 500 450 400 350 300 250 200 150 100 50 0 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 Source: Architecture 2030 1 The Global North includes the United States, Canada, almost all the European countries, Israel, Cyprus, Japan, Singapore, South Korea, Australia, and New Zealand. 2 The Global South is a term used by the World Bank and does not inherently refer to a geographical south, for example most of the Global South is within the Northern Hemisphere. Countries of the Global South have been described as newly industrialized or in the process of industrializing. 6 2020 Billion m2PDF Image | Concrete EBook Decarbonization
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