A more comprehensive plan of action is required by the UK Government to ensure decarbonisation of heavy industry at the pace demanded by the UK’s current net zero target, according to two studies released by sustainable economy organisation Aldersgate Group.
With UK heavy industry contributing £170bn to the economy and employing nearly 3 million people across the country, the sector is vital to ensuring the UK meets its net zero goals.
The recently released ’Industrial Decarbonisation Strategy and Hydrogen Strategy’ outlined the Government’s plans to cut industrial emissions and accelerate decarbonisation, but studies conducted by Frontier Economics and University College London (UCL) have said that this isn’t enough and a more detailed policy framework must be provided for the UK to drive heavy industry low carbon investment.
Commenting on the studies and the necessity for the UK Government to meet growing demand for low carbon industry, Matthew Bell, Director and Joint Head of Public Policy, Frontier Economics, said, “The UK has an opportunity to develop competitive, low carbon industries to match growing global demand for low carbon industrial products.”
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