The UK steel industry is a key focus of the British government's ?1 billion ($1.4 billion) Industrial Decarbonization Strategy, which is intended to create the world's first low-carbon industrial sector.
The strategy includes a commitment to work with the recently reconstituted Steel Council to consider the implications of a recommendation from the Climate Change Committee and to set targets for ore-based steelmaking to reach near-zero carbon emissions by 2035.The strategy was announced by UK business & energy secretary Kwasi Kwarteng on Wednesday March 17, and is intended to create the world's first low-carbon industrial sector by creating new 'green' jobs and by slashing emissions by two-thirds within just 15 years.It is hoped that the package of measures will put the UK at the forefront of the global green industrial revolution by creating and supporting as many as 80,000 jobs over the next three decades. The latest move builds on a 10-point plan outlined in 2020 for a Green Industrial Revolution.The new strategy will help existing industry to decarbonize and will encourage the growth of new, low-carbon industries...