UK Steel Industry Welcomes Plan for Green Industrial Revolution

GFG Alliance Executive Chairman Mr Sanjeev Gupta said “We welcome the Government’s plan. GFG Alliance’s mission is to deliver a low carbon economy
UK Steel Industry Welcomes Plan for Green Industrial Revolution
UK Steel Industry

by transforming foundation industries such as steel and aluminium. For the UK to meet its climate commitments it must seize the chance to reinvent its steel sector as a low carbon leader - encouraging innovation and problem-solving, and rewarding those who move fastest in the transition to green steel. The UK’s steel industry can then deliver low carbon construction for the schools, hospitals, houses and transport links needed for Britain to build back better.”

UK Steel Director General Mr Gareth Stace said “Crucially, new green infrastructure is precisely what the economy needs to rebound, and the UK steel industry is ready to support the Government’s build back better strategy by supplying the world-class steel that is essential for our offshore wind, energy-efficient buildings, electric vehicles, and hydrogen networks. It is critical that the Government expands this infrastructure strategically, ensuring that these projects support jobs and growth in the UK, and delivering the largest possible return for taxpayers money by maximising the UK content of these major projects. The Government must set clear objectives for steel procurement in these major projects, as happens in the United States. However, despite these positive steps, the Government’s continued silence on industrial electricity prices remains a major concern. All options of decarbonisation will lead to higher electricity use for the steel sector and many other industries, making high power prices a substantial barrier to meeting the Net Zero target.”

UK Prime Minister Mr Boris Johnson outlined his Ten Point Plan for a Green Industrial Revolution covering clean energy, transport, nature and innovative technologies. The plan, which is part of the PM’s mission to level up across the country, will mobilise GBP 12 billion of government investment to create and support up to 250,000 highly-skilled green jobs in the UK, and spur over three times as much private sector investment by 2030. At the centre of his blueprint are the UK’s industrial heartlands, including in the North East, Yorkshire and the Humber, West Midlands, Scotland and Wales, which will drive forward the green industrial revolution and build green jobs and industries of the future.

The Prime Minister’s ten points, which are built around the UK’s strengths, are:

Offshore wind: Producing enough offshore wind to power every home, quadrupling how much we produce to 40GW by 2030, supporting up to 60,000 jobs.

Hydrogen: Working with industry aiming to generate 5GW of low carbon hydrogen production capacity by 2030 for industry, transport, power and homes, and aiming to develop the first town heated entirely by hydrogen by the end of the decade.

Nuclear: Advancing nuclear as a clean energy source, across large scale nuclear and developing the next generation of small and advanced reactors, which could support 10,000 jobs.

Electric vehicles: Backing our world-leading car manufacturing bases including in the West Midlands, North East and North Wales to accelerate the transition to electric vehicles, and transforming our national infrastructure to better support electric vehicles.

Public transport, cycling and walking: Making cycling and walking more attractive ways to travel and investing in zero-emission public transport of the future.

Jet Zero and greener maritime: Supporting difficult-to-decarbonise industries to become greener through research projects for zero-emission planes and ships.

Homes and public buildings: Making our homes, schools and hospitals greener, warmer and more energy efficient, whilst creating 50,000 jobs by 2030, and a target to install 600,000 heat pumps every year by 2028.

Carbon capture: Becoming a world-leader in technology to capture and store harmful emissions away from the atmosphere, with a target to remove 10MT of carbon dioxide by 2030, equivalent to all emissions of the industrial Humber today.

Nature: Protecting and restoring our natural environment, planting 30,000 hectares of trees every year, whilst creating and retaining thousands of jobs.

Innovation and finance: Developing the cutting-edge technologies needed to reach these new energy ambitions and make the City of London the global centre of green finance.

To support this acceleration, the Prime Minister has announced:

GBP 1.3 billion to accelerate the rollout of chargepoints for electric vehicles in homes, streets and on motorways across England, so people can more easily and conveniently charge their cars.

GBP 582 million in grants for those buying zero or ultra-low emission vehicles to make them cheaper to buy and incentivise more people to make the transition.

Nearly GP 500 million to be spent in the next four years for the development and mass-scale production of electric vehicle batteries, as part of our commitment to provide up to GBP 1 billion, boosting international investment into our strong manufacturing bases including in the Midlands and North East.

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