Emissions from UK manufacturing account for 17% of the UK’s total GHG emissions – the third highest emitting sector. As calls to use carbon pricing as an effective climate action tool increase, large emitters are finding that their compliance costs are dramatically increasing, with no end in sight. As these financial pressures increase in both scope and amount, and while carbon neutral technologies are still being researched and developed, there are options available to industry to reduce carbon emissions from natural gas now and save on carbon pricing.
This groundswell is converging with several market factors that seem to be strengthening the business case to start the journey of reducing emissions now. It is forecast that the long-term solution for industry will be hydrogen. Industrial decarbonisation remains a crucial piece of the puzzle in delivering net zero, and hydrogen represents the most viable solution to decarbonising many of the hard-to-abate industrial processes that are facing numerous technical and commercial barriers...