Carbon leakage: European cement industry at risk

摘要

On 7 October 2008, The Boston Consulting Group (BCG) published a study highlighting the impact of the 2013-2020 EU Emission Trading Scheme (ETS) proposal on the European cement industry. This study, requested by Cembureau, concludes that clinker and cement production in the EU will be seriously affected by carbon leakage. As a consequence, the relocation of clinker production to countries with no carbon constraints will accelerate from 2013 and will continue in the following years. "The results of this study highlight the point which we have been making all along: that the European cement industry is vulnerable to carbon leakage. Recognition of this fact is urgently needed as any delay is already impeding investment decisions in the EU. In order to assess the risk, we need to take a pragmatic approach, that of a good, reasonable businessman looking at the future" stated Dr Jean-Marie Chandelle, chief executive of Cembureau.