European Aluminium - How Europe can compete in the Clean Energy Transition

Описание: In this crucial interview from the European Clean Energy Transition Conference, Sandro Starita, Director of Sustainability at European Aluminium, unpacks the paradox facing one of Europe's most essential industries.

Aluminium is a fundamental building block for a decarbonized future, yet the industry is highly electro-intensive. With European energy costs currently running 2 to 4 times higher than competing global markets, maintaining local production is a massive challenge.

Key takeaways from the discussion:

The Global Pricing Squeeze: Aluminium is globally traded on the London Metal Exchange. European producers face the same global selling prices as competitors, but with vastly higher energy costs.

The Policy Prescription: There is no single "silver bullet." However, extending indirect cost compensation beyond 2030, aligning with clean industrial state aid frameworks, and backing long-term Power Purchase Agreements (PPAs) are vital steps to keep Europe competitive.

Signs of Resurgence: Despite the energy crisis, there is hope. We are seeing capacity restarts and even the potential for the first new smelter in continental Europe in over 30 years, driven by the surging demand for green technologies.

If we want a secure, sustainable supply chain for the energy transition, Europe must support its energy-intensive industries while they invest in decarbonization.

Watch the full video to understand what the European aluminium sector needs from policymakers to thrive! 🌍📉

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