Grants from the SMART Capital Equipment Fund and the Circular Economy Fund for Business were given to support organisations to invest in innovation with the aim of improving people’s lives, growing the economy and addressing the climate and nature emergencies. [...] The Committee questioned Secretary of State for Wales, David Davies, on the negotiations between UK Government and Tata about the closure of the blast furnaces and government funding support for new electric arc furnaces to be built by 2027, the job losses expected and what other options had been explored, the future of steel in the UK and the implications of the CBAM, and if the UK Government is. [...] Equipped with a total budget of €19.3 billion, the JTF aims to ensure a just transition to net zero by alleviating the impact of the climate transition, supporting local economic diversification, the reskilling of workers and jobseekers, and the reconversion of the specific EU regions. [...] Informed by the Place-based Just Transition framework, these recommendations include the development of a place-sensitive approach to industrial decarbonisation grounded in the lived experiences of the host communities in Ellesmere Port, their sustained engagement, the creation of an organisation overseeing the regulation of community benefit funds and employment pledges, the need to address commu. [...] March 2024 This brief produced by the Centre for Energy Policy explores the opportunities that could emerge from the transition away and decline of the oil and gas industry and assesses the role that a nascent CO2 transport and storage sector could play in ensuring the continued employment of infrastructure, supply chain and workforces.
Authors
- Pages
- 18
- Published in
- United Kingdom
