Government leadership needed on decarbonization, says UK Steel's Stace
The British Government has today published its response to its UK Emission Trading Scheme (UK ETS) consultation announcing that the scheme will have a tighter limit on industrial, power and aviation emissions, maintaining the existing free allowances until 2026.
UK Steel, the trade association for the UK’s steel industry, warned that without thorough strategic support from government, retaining the sector’s free allowances until 2026 will not be enough to help decarbonise UK steel.
Gaps are evident in the ETS reform details, claims UK Steel. With 2026 less than three years away, and with only nine years to decarbonise the steel industry according to the Climate Change Committee, the lack of detail, strategy and financial long-term leadership leaves steelmakers in the dark.
Read more from Steel Times International
Date posted 05/07/2023
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