Friday 31 October 2008
Emissions modelling find Aussie aluminium could die
GREENHOUSE emissions modelling released by the Federal Treasury found cutting emissions would have limited impact on the economy, but the aluminium industry would suffer.
If Australia cuts emissions by 10% by 2020 and 80% by 2050, electricity-intensive aluminium production would drop 35% in the first decade of emissions trading.
It is predicted Alcoa’s smelters at Portland and Point Henry would gradually shut down and shift to countries with cheaper energy.
However, the iron and steel industries would maintain their current levels, according to the model.
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