The purpose of this study is to examine the potential for reducing the environmental load and $CO_2$ gas when cement is produced by using cement substitutes. These substitutes consisted of blast furnace slag, red mud and silica fume, which were industrial by-products. The most optimum mix was derived when alkali accelerator was added to low carbon inorganic composite mixed with industrial by-product at room temperature. It is determined that hardened properties and the results of compressive strength tests changed based on CaO content, Si/Al, the mixing ratio and the amount of alkali accelerator, curing conditions and W/B. The results of test analysis suggest that the optimum mix of low carbon inorganic composite is CaO content 30%, Si/Al 4, the mixed ratio of alkali accelerator $(NaOH:Na_2SiO_3)$ 50g:50g, the amount of alkali accelerator 100g and W/B 31%. In addition, if contraction is complemented, low carbon inorganic composite with superior performance could be developed.