In China, the Ministries of Industry and Information Technology, National Development and Reform Commission, of Ecology and Environment, and of Housing and Urban-Rural Development launched the Carbon Peak Implementation Plan for Building Materials Industry in November 2022. The Plan aims to simplify, accelerate and align incentives to preserve the competitiveness and attractiveness of the EU as an investment location for net zero industries, but specific measures to support the transition in energy-intensive industries such as cement have not yet been developed. The European Union released its Green Deal Industrial Plan in February 2023.An update to the 45Q tax credit for industrial applications of CCS, and investments in CCS demonstrations and CO2 transportation infrastructure should help to abate emissions from the cement sector. In the United States, the Inflation Reduction Act, announced in August 2022, set out a budget of USD 5.8 billion for industrial decarbonisation to support the reduction of around 200 Mt of CO 2 – 17% of the total estimated emissions reduction envisaged by the Act – by 2030.Countries and regions making important notable progress in decarbonising cement production include the following:
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