Karcement JSC News

26.06.2016

Several representatives of the cement industry believes that the EU carbon market hinders innovative emission reduction methods

The cement industry has a huge potential for emission reductions and innovation, but the current rules of the EU carbon market does not reward those who want to reduce emissions and innovate. Conversely, overly generous allocation of free permits for pollution contributes to the well-being of the dominant companies. So say many industry experts, including Donal O'Rayan, CEO Ecocem, specializing in the production of cement on the basis of ground granulated blast furnace slag. Donal O'Rayan says that modern carbon market allows a modern, highly profitable, the cement industry, to avoid a collective effort to reduce greenhouse gas emissions and the introduction of innovations. Despite the fact that the cement sector in the EU is a mature market, it has the potential for the introduction of innovations and a sharp reduction in environmental impacts. The same Ecocem, according to his representatives, has a substitute that can reduce the carbon footprint by more than 50%. In laboratories across Europe have similar projects and projects to reduce damage from the industries. But the carbon market, where they receive emission credits, is configured so that the companies do not make sense to use innovation. In addition, some of the dominant company in the market receive generous free quotas, resulting in virtually no spending money paying for pollution that cause.