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Slovalco wants to stay in Slovakia

If the aluminum smelter Slovalco leaves Slovakia and its owner, Norsk Hydro, moves production to some developing country with lower environmental standards, CO2 emissions from aluminum production will increase as if Slovakia had 50% more cars. This is how Slovalco responded to Environment Minister Ján Budaj (OĽaNO), who wants some energy-intensive productions to leave Slovakia, giving Slovalco as an example. The smelter points out that the EU allows proceeds from the sale of emission allowances to be used to subsidize clean but energy-intensive manufacturing. What’s more, Slovakia makes almost all of its power emission-free in nuclear and hydropower plants. Industry lobby groups also condemned Budaj.


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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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