The Treasury is facing calls to pour billions of pounds into a string of troubled new nuclear projects which threaten the UK’s energy supplies. Tim Yeo, a former environment minister and energy committee chairman, is warning that the only way the Government can avert a crisis for the country’s nuclear programme is to take a direct financial stake in the projects. Ministers should also actively encourage investment from nuclear companies in China, South Korea and Russia where the the industry is relatively insulated from the challenges faced by European companies thanks to strong state backing, he said. Mr Yeo said the existing support regime, which guarantees a fixed price for each megawatt of power produced, does not go far enough to help investors who face billions in construction costs before the nuclear plant begins producing power.
Telegraph 25th Feb 2017 read more »
Can the world meet its climate change targets without nuclear? Some experts argue renewable energy is too intermittent to meet ambitious goals alone. Nuclear power is, for some, the black sheep of the low-carbon energy family. On the one hand you’ve got the “greens”: wind, solar, hydro. All of them are exceedingly clean, or at least, they seem so. As clean as a cool breeze, as a sunny day, as a rushing river. Then you’ve got nuclear. That cold-war harkening cousin of the low-carbon family.
The Week 25th Feb 2017 read more »