The UK’s manufacturing industry, which produces 12 per cent of the country’s carbon emissions, is in desperate need of financing to reach net zero, according to a new report.
The report, by the
“‘Failure to deliver’ is still very much on the cards,” the report said.
The country’s steel sector, which should decarbonise by 2035, according to the Climate Change Committee, sees most of its carbon emitted from just two sites,
To decarbonise these sites, through either green hydrogen or carbon capture processes, would require committed investment which “will need to be made soon and are clearly dependent on the scale and nature of the available policy support”, the report continued.
The upcoming
Emissions in the chemicals industry can be cut down through the adoption of electrification in heat processes, the report explained.
However, it recognised that this is dependent on making the switch from gas to electricity affordable on a wide scale – which is difficult in today’s energy climate, which has hosted record prices and seen strings of firms collapse under the pressure.
“A net zero
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