AUSTRALIA: Manufacturers count cost of carbon

WHILE much of the carbon kerfuffle has centred on emitters in the energy and mining sectors, it is manufacturers that may face the biggest adjustments, says Liza Maimone, head of environment and sustainability services at Ernst & Young.

Already under siege from low-cost exporters and a dollar threatening to pierce the US85


“Not only are they exposed in their own right, they’ve also got the upstream and downstream effects,” said Ms Maimone. The risks are broad, and in her view, manufacturers are not as prepared as electricity producers with much bigger emissions.

A study by Citi group at the end of last year found OneSteel (along with miner Rio Tinto) as the listed company most at risk in Australia from the introduction of a carbon trading system.

The Age (Australia)