In response to The Sixth Carbon Budget
In response to today’s publication of the Sixth Carbon Budget by the Climate Change Committee, Sanjeev Gupta, Executive Chairman, LIBERTY Steel said:
“If we don’t tackle steel, we will fail to meet our carbon targets, and the Committee on Climate Change is right to urge the Government to mandate UK steelmaking to reach near-zero emissions by 2035. LIBERTY’s GREENSTEEL strategy aims to make us a carbon neutral steelmaker by 2030 through greater use of recycling, renewable energy and breakthrough technologies such as hydrogen.
If the UK as a whole wants to meet the CCC’s aim we need a co-ordinated policy framework for steel and energy intensive industries to drive rapid decarbonisation and create a system that rewards such ambition. The fast movers should be incentivised through an appropriate carbon emissions policy, which also prevents carbon leakage to protect the competitiveness of the industry until a global carbon price is established.
Government support for green UK steel in supplying major construction projects can also help to spearhead world-leading new technologies in our industrial regions, re-energising their economies and equipping our younger generation with skills that will sustain them in long-term jobs.”
LIBERTY Steel Group, part of the GFG Alliance and a leading GREENSTEEL producer, is a global integrated steel business bringing together assets across the steel supply chain, from production of liquid steel from raw and recycled materials through to high value precision engineered steels.
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