Boral boss says cement imports increase carbon emissions
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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