Displaying items by tag: verification

Switzerland: The Science-Based Targets Initiative (SBTi) has validated Holcim’s 2050 net zero CO2 emissions pathway. The pathway consists of targets covering Holcim’s entire value chain, across Scopes 1 – 3.

CEO Jan Jenisch said “The building sector has an essential role to play to accelerate our world’s transition to net zero. I am proud to be joining the SBTi today to announce Holcim’s net zero pathway to 2050. By setting the first Net-Zero Standard for our industry, we are walking the talk on our commitment to take science-driven action to win the Race to net Zero.”

EU: Cembureau has welcomed the European Commission (EC)’s proposal for consultations on setting up a carbon border adjustment mechanism (CBAM) for imported goods including cement, and set out a number of ‘design principles’ that it says ‘should apply’. According to Cembureau, a CBAM ought to be: complementary to EU emissions trading scheme (ETS) free allowances (in the initial phase) and World Trade Organisation (WTO) compatible, based on importers’ verified emissions, including indirect emissions, applicable to all ETS sectors and capable of providing a CO2 charge exemption for EU exporters.

The EC has said that it will present a final proposal for a CBAM by mid-2021.

EU: The European Union (EU) has ignored lobbying calls from the cement industry in upholding the 31 March 2020 deadline for companies to submit emissions reports for 2019. EurActiv News has reported that “firms are struggling to have their reports verified” due to the coronavirus.

After reports are submitted, producers will have until 30 April 2020 to surrender any Emissions Trading Scheme (ETS) credits needed to cover their reported emissions.