Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 25 January 2023 to Question 127749, what progress he has made on decarbonising the steel industry.
The Government remains committed to a decarbonised and sustainable steel sector and is working closely with industry to support its decarbonisation options. For instance, industrial sectors (including steel) can bid into Government competitive funds worth more than £1.5 billion to support them going green, cutting emissions and becoming more energy efficient.
Furthermore, we are also exploring a range of policies that could potentially mitigate the future risk of carbon leakage. The Government has committed to consult on this, and will do so in the spring.