Well, it has been disappointing, I have to say. We had an inter-ministerial group only yesterday and we were all expressing our frustration that the UK Government, in the end, chose not to share their net zero strategy with us in any meaningful way ahead of publication. So, we'd had good joint working and co-operation right up to July, and then from July to the publication we had nothing, despite constantly asking and obviously emphasising that we'd very much have liked to make sure that our plan lined up with theirs. We were pulling together, but, anyway, that didn't happen. To be fair, the Minister apologised for that and has said that he will work closely with us in the future. So, hopefully that will change. Obviously, we can't do it without each other. They need us and we need them to do the things we need to do together.
The UK Government strategy is very heavily reliant on market and competition, technology and innovation. So, we recognise the role for those things, but our approach is much more collaborative and at the people end of it. My worry, our worry, is that a reliance on tech just makes the task much harder if the tech doesn't deliver. So, if you're relying completely on carbon capture to decarbonise steel and that carbon capture doesn't work—and there is no working system anywhere in the world at the moment—and you haven't done anything else, then obviously there's a massive cliff edge coming where you have to do something very drastic. So, I think there's a need to invest in the tech and the science, of course there is, but we also need to do some of the other things, because plan B—or in our case plan A—is necessary.
There are tensions in funding. The committee will be well aware that we are not happy with the decision on remediation of coal tips; we're having a conversation about marine energy and the devolution or otherwise of the Crown Estate, and then the industrial decarbonisation piece I've just spoken about. One of our big worries is that it would be a very quick win in terms of onshore emissions to just shut down the British steel industry, but what we would have done is export a much bigger problem across the globe, because our industry is very efficient and effective, and if we were importing much less efficient and effective steel from elsewhere we would clearly just be making the situation globally worse. And just to point out the really obvious, you can't have renewable energy without steel. The turbines and the pillars, they're made of steel. It's an absolute conundrum. So, it's not like we can just say, 'Oh well, do you know what, we won't use steel anymore', because that's just not a thing. So, we're quite worried about some of those tensions.
Having said all of that, and to end on a high note, we are in harmony on a large number of the strategies. They are coherent and mutually reinforcing—so, phasing out fossil fuel vehicles, grid improvements, a fabric first approach to housing. So, there are synergies in the plans as well, but we're still a bit worried about the tech reliance. And then, on the funding, the UK Government budget just didn't deliver the climate funding that we need. The Chancellor didn't even say the word 'climate'. So, we're very worried about that. The spending review gives us a capital envelope that's 11 per cent lower than in the current year, and we haven't got replacements for the EU structural funds. So, those are big worries.
Yesterday's inter-ministerial group was about the use of the UK emissions trading scheme revenues. In fact, it was about the setting up of the emissions trading scheme, because we were having an argument about the start of the consultation. We're very worried. We want the consultation to start early next year. It has to be done before the Northern Ireland Government goes into its pre-election protocols, because they can't then issue the joint consultation. We're very worried that any delay will mean that we go into that period and then it can't happen until after those elections. Given the volatile nature of Northern Ireland at the moment, we're not even sure that the Government will last as long as the current Government should. So, there's an imperative to do that quickly. We had a small argument yesterday, which resulted in—. I think it's likely now that the consultation will go out towards the end of January, beginning of February. I'm very worried about that still.
And, then, there's a big issue about the revenue. So, Wales contributes a very high level of revenue for the emissions trading scheme because we are still heavily industrialised as a country. That revenue goes straight into the Treasury. So, an argument about, 'Why is that and can we have our money?', is on the table as well.