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Boral boss says cement imports increase carbon emissions

Ben Potter

Key Points

  • Why it’s important:  Cement is responsible for a large share of global emissions 
  • Context: Options for reducing carbon emissions inherent in the production of cement clinker are limited 
  • What’s next: The Albanese government will receive a final report in the third quarter of 2024

Boral CEO Vik Bansal says cheap imports of clinker cement are undermining the company’s emissions reduction efforts because they have a higher carbon content than locally produced clinker even before they are shipped to Australia using fossil fuel transport.

Mr Bansal told the Australasian Emissions Reduction Summit in Sydney that a carbon border adjustment mechanism – or tax – which the federal government is considering for imports would be crucial to the cement industry’s continued viability because unlike local production the imports are not subject to the beefed-up safeguard mechanism’s steadily reducing carbon emissions caps and financial penalties.

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Ben Potter was a senior writer at The Australian Financial Review.

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    Original URL: https://www.afr.com/policy/energy-and-climate/boral-boss-says-cement-imports-increase-carbon-emissions-20230914-p5e4o6