Energy Intensive Industries: Carbon Emissions

Department for Business, Energy and Industrial Strategy written question – answered at on 7 March 2022.

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Photo of Simon Fell Simon Fell Conservative, Barrow and Furness

To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress his Department has made on the commitment in the Future of Carbon Pricing document to develop a long-term decarbonisation funding stream, funded by UK Emissions Trading Scheme auction income, to support Energy Intensive Industries.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

The Department remains committed to exploring long-term options for accelerating the decarbonisation of industry, while maintaining UK competitiveness. The Government has set out an ambitious package of support for industrial decarbonisation, including: the Industrial Decarbonisation and Hydrogen Revenue Support (IDHRS) scheme to fund the new hydrogen and industrial carbon capture (ICC) business models; the £1 billion CCUS Infrastructure Fund, the £240 million Net Zero Hydrogen Fund, and the £289 million Industrial Energy Transformation Fund (IETF). This support will enable the Government to meet its ambitions as set out in the Industrial Decarbonisation Strategy and Hydrogen Strategy.

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