The smelter’s lobby says the trade-exposed industry needs longer than others to adjust to the ‘substantial’ burden of switching to lower-emissions energy.
The big aluminium companies have hit back at demands from other business groups and climate investors that smelters lose their beneficial status as a trade-exposed sector under Labor’s forthcoming changes to the safeguard mechanism on big emitters.continuing to grant facilities that fall under the safeguard mechanism partial exemptions from the next seven years of falling emissions baselines because of offshore competition fears means others would have to do more of the heavy lifting.
“This should be combined with access to funding recognising the substantial cost of transformative abatement,” Ms Johnson told the“This will encourage decarbonisation projects investment but allow for the time lag needed for technology development and implementation.” “Support towards these sectors should be limited to the development of near-zero emissions technologies and collaboration to support a just transition for affected employees and communities.”Australia has four aluminium smelters, as well as downstream processing, that make the metal the nation’s biggest manufacturing export, employing more than 17,000 workers and supporting 60,000 more, according to the Australian Aluminium Council.
Mr Jackson said many of the companies captured by the safeguard mechanism had for years been stress-testing their businesses to withstand carbon prices in the order of $100 per tonne.Advertisement
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