Energy Security - Statement

Part of the debate – in the House of Lords at 7:57 pm on 5 December 2022.

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Photo of Baroness Bennett of Manor Castle Baroness Bennett of Manor Castle Green 7:57, 5 December 2022

My Lords, the noble Lord opposite referred to hydrogen and its importance as a method of storing renewable energy when an excess is available from wind and solar et cetera. I do not know whether the Minister saw a really interesting study out this week on direct reduction furnaces and how if emission allowances are gradually reduced, producing steel with green hydrogen would be 15% cheaper than producing it with coal using carbon capture and storage. What are the Government doing to encourage, support and put into operation the creation of green steel in the UK, given that it is already happening in Germany and has been for a couple of years?