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CO2 scheme 'depends on electricity'
Edited by : AL CIRCLE
1 min read
Alumina Ltd says the government's carbon pricing scheme's effect on the local aluminium industry will depend on the treatment of electricity.
The company said it had yet to see the full details of the proposed legislation and regulations, and that would determine whether the Australian aluminium industry remained competitive.
Alumina chief executive John Bevan said the treatment of electricity intensity in emissions intensive trade exposed permit allocation would be important for the local industry.
Additionally, it would be important to maintain an adequate level of permits while overseas competitors adopted a comparable carbon price.
Alumina said it supported an economy-wide response to the challenge of climate change that had incentives for improvement while preserving the international competitiveness of the Australian industry.
Alumina owns 40 per cent of the AWAC joint venture, with 60 per cent owned by US aluminium giant Alcoa Inc.
The company said it had yet to see the full details of the proposed legislation and regulations, and that would determine whether the Australian aluminium industry remained competitive.
Alumina chief executive John Bevan said the treatment of electricity intensity in emissions intensive trade exposed permit allocation would be important for the local industry.
Additionally, it would be important to maintain an adequate level of permits while overseas competitors adopted a comparable carbon price.
Alumina said it supported an economy-wide response to the challenge of climate change that had incentives for improvement while preserving the international competitiveness of the Australian industry.
Alumina owns 40 per cent of the AWAC joint venture, with 60 per cent owned by US aluminium giant Alcoa Inc.
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