Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how the Government intends to implement its strategy to decarbonise the steel industry and help achieve net-zero targets.

Both the Industrial Decarbonisation Strategy and the Net Zero Strategy, published on 19 October 2021, set out a range of decarbonisation support available to the sector. This includes:

• Over £600 million in relief since 2013 to make electricity costs more competitive.
• Access to up to £66 million through the Industrial Strategy Challenge Fund and the £315 million Industrial Energy Transformation Fund (IETF) to develop new technologies, help cut energy bills and increase energy efficiency.
• Long-term work at the Materials Processing Institute in Teesside to help the UK steel and metals sector improve efficiencies, reduce emissions, and boost competitiveness.
• The opportunity to bid into industrial fuel switching innovation programmes under the £1 billion Net Zero Innovation Portfolio (NZIP), which is intended to promote switching away from more carbon-intensive fuel sources.
• Around £2 billion spending for Carbon Capture Usage and Storage (CCUS) and hydrogen. This is split across several schemes, including Industrial Decarbonisation and Hydrogen Revenue Support the CCUS Infrastructure Fund and the Net Zero Hydrogen Fund.