Steel Safeguards

Part of the debate – in the House of Commons at 12:43 pm on 29th June 2022.

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Photo of Anne-Marie Trevelyan Anne-Marie Trevelyan The Secretary of State for International Trade and President of the Board of Trade 12:43 pm, 29th June 2022

As I said earlier, we have provided over £600 million in financial relief to the steel industry since 2013 to address high electricity costs, and the recent security strategy on energy continues to support that. This will be an issue for some time, which is why my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy continues to work with all energy-intensive industries to find solutions. However, it is absolutely right to continue pushing forwards on our net zero agenda, because we need to have security of electricity and other energy supplies and to move to clean energy sources as we transition away from hydrocarbons. In that way, we will have not only security but clean energy, and we need the rest of the world to do the same. If we do not do these things, large parts of our planet will no longer be habitable, because of the climate change impacts.