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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.
Read more here on The Climate Change Committee (CCC) and the The Sixth Carbon Budget
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