By Karen Peattie
MANUFACTURERS must be prepared to take “urgent” action if they are to achieve net zero by 2050, claims new research undertaken by university UCL.
Supported by HSBC UK, the report, entitled Net Zero Manufacturing in the UK: Options and Challenges for the Biggest Emitting Sectors, examines the importance of reducing the emission of greenhouse gases in the steel, cement and chemicals sectors.
While highlighting the importance of energy-intensive industries to the UK economy, the report, led by Dr Matthew Winning and Dr Catherine Willan from the UCL Institute for Sustainable Resources, points out that manufacturing accounts for 12 per cent of overall greenhouse gas emissions in the UK – with steel, cement and chemicals accounting for half of that figure.
With increased pressure to decarbonise fully, the UK target to bring all greenhouse gas emissions to net zero by 2050 has “fundamentally altered what is required in terms of the scale and pace of change in manufacturing”, the report notes.
It adds that making the UK an attractive place for low-carbon manufacturing will require “swift and close collaboration” between Government, British business and financial services to unlock the innovation and investment needed.
The report further points out that while emissions from UK manufacturing have already declined by 57% since 1990, “building on this progress will require transformational changes to develop a long-term solution”. Steel, cement and chemicals manufacturing, it says, will have to undergo significant structural change to hit net-zero targets.
Rohit Moudgil, manufacturing sector head at HSBC UK, said: “A net-zero UK will still require steel, cement and chemicals, but it’s clear that there is an increasing need and demand for low-carbon products from supply chains, investors, policymakers and consumers alike.
“Manufacturing has a pivotal role to play in both the UK economy and in the delivery of net-zero ambitions and achieving that requires an integrated decarbonisation strategy, research, innovation and infrastructure changes.”
The challenge, Mr Moudgil noted, “is to put in place funding that allows these industries in the UK to invest to make the transition to net zero while remaining competitive on the global stage". HSBC UK is committed to working with all our clients to help them on their journey to net zero and we have pledged to achieve net zero from our financed portfolio by 2050 or sooner.”
Calling on the UK to “establish a leadership position and become attractive for low-carbon inward investment”, the report warns that the country would find it increasingly difficult to sell its steel, cement and chemicals if decarbonisation proceeds elsewhere more quickly.
A UK industrial roadmap, combined with policy implementation and investment, would make the country a magnet for low-carbon investment and innovation, and could lead to a revival of manufacturing.
Describing moving the production of sectors such as steel, cement and chemicals away from fossil fuels towards low-carbon and more circular processes as “an enormous but important and essential undertaking”, UCL’s Dr Winning, the lead author of the study, said: “Manufacturing will play a fundamental role in the UK’s net-zero transition.
“This report details what approaches may be taken as well as discussing a number of key challenges, and the opportunity to forge ahead, by working in partnership with Government, the manufacturing sector and financial services.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel