1. The road to 2030 A manufacturing industry perspective Sylvain Lhôte – Alcoa Europe

2. Our European situation 1. CO 2 e emissions since 1997 2 -50% -33% 2. EU/RoW power cost differential since 2000 +55% 3. EU production since 2008 1.European aluminium industry CO 2 e emissions per tonne of metal from 1990 to 2012 – source EAA 2.Power costs incurred per tonne of aluminium produced were 125$ higher in Europe than in the rest of the World (China excluded) in the late 90’s. They were 194$ higher over the last 3 years – source CRU 3.Evolution of EU production of primary aluminium since 2008 – source EAA

3. 1/3 only of the EU’s aluminium consumption emissions are associated with production covered by the EU ETS (source Carbon Trust 2011) Should Europe keep an industry chain it will rely upon for most of its 2030 sustainable growth agenda? “Sorry, you are a collateral damage…” 3

4. Complete the internal market and make it work Drive innovation, energy efficiency and productive investments Design “bottom-up target(s)” for 2030 and beyond Effectively shield industry chains from perverse effects Consider the EU net footprint alongside its production footprint? A step change?