Liberty Steel Group has announced the launch of the second phase of its major policy partnership with thought-leading organisations in the spheres of environment and policymaking.
The reports published with environmental think tank Green Alliance and centre right political think tank Bright Blue in association with Liberty Steel, say that UK Government has a clear set of new policy steps it can take to decarbonise the UK steel sector by 2035.
The reports follow on from the Prospectus for GREENSTEEL’, published by the three organisations with the University of Sheffield Advanced Manufacturing Research Centre at last year’s COP26 in Glasgow, highlighting the role that steel making and products made from steel can play in the drive to net-zero, with a competitive operating environment and the right policy incentives in place.
Green Alliance ‘s research shows that the introduction of a ‘green power pool’, bringing the benefits of increasingly cheap electricity from renewables straight to energy intensive industries, could alongside other measures help cut carbon emissions from UK steel production by almost 90 per cent by 2035.
Bright Blue advocates introducing mandatory carbon footprint requirements for both the development of new UK electricity generation capacity and for construction sector products.
Jeffrey Kabel, Chief Transformation Officer, Liberty Steel, said “Liberty Steel welcomes today’s reports by Green Alliance and Bright Blue, our independent thinktank partners in developing bold policy steps the UK Government can take to decarbonise the UK steel sector by 2035 and deliver a bright future for the UK steel industry.
Following the Government’s significant move to extend steel safeguards, the reports set out ideas to transform and decarbonise the UK steel industry, especially in tackling high energy costs and creating the right environment for “no regrets” investment urgently needed in low carbon electric arc furnaces.
Political focus and consensus is growing around steel’s importance to the UK’s industrial and economic future. These reports build on the partnership’s Prospectus for GREENSTEEL launched at COP26 and aim to develop a resilient steel industry which can supply manufacturing, construction and infrastructure businesses across the country.”