British Steel seeking £100m government loan to pay EU carbon emissions bill

Michael Holder
clock • 3 min read

Firm hit by EU's decision to suspend UK companies from accessing CO2 credits under emissions trading system until Brexit deal is ratified

British Steel is in talks to secure a £100m loan from the UK government to pay its upcoming EU carbon emissions bill, having been barred from securing CO2 allowances under the EU-wide emissions trading...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Survey: Over a quarter of UK firms seeing green skills gap in UK job market

'Strategic advancement for the UK': £30m lithium chloride factory opens in Basingstoke

More on Carbon Trading

Could the UK emerge as a global hub for high integrity carbon markets?
Carbon Trading

Could the UK emerge as a global hub for high integrity carbon markets?

Government sets out new integrity principles in a bid to boost confidence in carbon and nature markets, as buyers warn of a squeeze on high quality credits that could see prices start to rise

Stuart Stone
Stuart Stone
clock 17 April 2025 • 10 min read
Reports: UK and EU seeking landmark carbon market deal
Carbon Trading

Reports: UK and EU seeking landmark carbon market deal

Reports suggest UK government is prepared to align with EU Emissions Trading Scheme as part of efforts to strengthen ties with Brussels and avoid threat of carbon border levies

James Murray
James Murray
clock 17 April 2025 • 3 min read
Global Briefing: China moves to expand national emissions trading scheme
Carbon Trading

Global Briefing: China moves to expand national emissions trading scheme

Reports reveal Beijing intends to extend carbon market to cover steel, cement, and aluminium plants, Indonesia hopes to advance $20bn clean energy fund, and BYD celebrates latest milestone

James Murray
James Murray
clock 28 March 2025 • 4 min read