European aluminum industry rejects carbon border adjustment tax
Efforts to reduce Europe’s carbon footprint are many and varied, including in the European aluminum sector.
Energy-intensive industrial processes like steel, aluminium and cement manufacturing make up a significant chunk of carbon emissions. A carbon tax as crafted in the EU’s Carbon Border Adjustment Mechanism (CBAM) is seen as a major plank in shutting out or penalizing producers outside the bloc with high carbon
loadings. In turn, the mechanism thereby supports domestic producers with much lower carbon footprints.
European aluminum sector expresses opposition
An SBGlobal article cites European Aluminium Association data, saying the carbon footprint for primary aluminum production in China is, on average, three times more carbon-intensive than producing the same aluminum in Europe.