Clean Steel Fund

Department for Business, Energy and Industrial Strategy written question – answered on 25th October 2021.

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Photo of Lee Rowley Lee Rowley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Government Whip, Lord Commissioner of HM Treasury

My Rt. Hon. Friend the Secretary of State for Business, Energy and Industrial Strategy regularly discusses a range of issues with Cabinet colleagues regarding Net Zero and levelling up, in which the UK steel industry will play a key role.

The Government recognises the vital role that the sector plays in all areas of the UK and our economy and will continue to work with the sector to support its decarbonisation. The Department announced the Clean Steel Fund in 2019 and a number of options have been explored, together with ongoing feedback from industry.

In March 2021, the Government published the Industrial Decarbonisation Strategy in which we committed to working with the Steel Council to consider the implications of the recommendation of the Climate Change Committee to ‘set targets for ore-based steelmaking to reach near-zero emissions by 2035 and the business environment necessary to support the transition. We will provide further information in due course.

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