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Data: Global Carbon Project; Chart: Axios Visuals

Here's an increasingly hot word in global warming circles: cement.

Driving the news: BP and Cemex, the Mexico-based multinational materials company, are jointly working on ways to cut emissions from cement transport and production.

  • A "memorandum of understanding" yesterday is just the latest of several recent industry developments with the same goal.

Why it matters: Cement is a major industrial source of carbon emissions, accounting for roughly 7% of the global total. And cutting emissions from heavy industries like cement will be very important for deeply decarbonizing the global economy.

What's next: BP and Cemex said they'll work on areas like low-carbon power, efficiency, carbon offsets, and CO2 capture, utilization and storage tech."Additionally, they intend to work together to develop urbanization solutions envisioned to decarbonize cities," the announcement states.

Catch up fast: Here's some more recent news on the cement front...

  • Last week, the Ireland-based "green cement" company Ecocem Materials announced $27 million in finance from the Bill Gates-led Breakthrough Energy Ventures.
  • Two weeks ago, Solidia Technologies, a firm with tech that absorbs CO2 in the concrete curing process, announced it raised another $78 million. It counts BP, Breakthrough, John Doerr and others among its backers.
  • And in mid-April, the nonprofit XPRIZE awarded a combined $15 million to a pair of companies — CarbonCure and UCLA CarbonBuilt — that have technologies to decarbonize concrete. CarbonCure's also backed by Amazon, Breakthrough and Microsoft. GreenBiz has more.

Go deeper

UN report: Effects of climate change even more severe than we thought

A wildfire burns in a forest over the village of Gouves, on the island of Evia, Greece, on Sunday, Aug. 8, 2021. (Konstantinos Tsakalidis/Bloomberg via Getty Images)

Global warming is happening so fast that scientists now say we'll cross a crucial temperature threshold as early as 2030 — up to a decade sooner than previously thought — according to a sweeping new UN-sponsored review of climate science published Monday.

The big picture: Atmospheric CO2 concentrations were higher in 2019 than at any time in at least 2 million years, and the past 50 years saw the fastest temperature increases in at least 2,000 years, according to the new assessment by the Intergovernmental Panel on Climate Change (IPCC).

Justice Department asks Supreme Court to block Texas abortion ban

Abortion rights activists rally at the Texas State Capitol on Sept. 11, 2021, in Austin, Texas. Photo: Jordan Vonderhaar/Getty Images

The Justice Department on Monday asked the Supreme Court to temporarily block Texas' near-total ban on abortions while federal courts consider its constitutionality.

The big picture: The court last month allowed the ban to take effect, rejecting an emergency application by abortion-rights groups. The law bars the procedure after cardiac activity is detected, as early as six weeks into pregnancy.

Updated 47 mins ago - Health

This arthritis drug cost $198 in 2008. Now it's more than $10,000

Illustration: Aïda Amer/Axios

In 2008, a box of 30 anti-inflammatory rectal suppositories that treats arthritis, called Indocin, had a price tag of $198. As of Oct. 1, the price of that same box was 52 times higher, totaling $10,350.

Why it matters: As federal lawmakers continue to waver on drug price reforms, Indocin is another example of how nothing prevents drug companies from hiking prices at will and selling them within a broken supply chain.