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Category: Nuclear

UK to put nuclear power at heart of net zero emissions strategy

Jim Pickard and Nathalie Thomas, FT 🔒 »

UK ministers will put nuclear power at the heart of Britain’s strategy to reach net zero carbon emissions by 2050 in government documents expected as early as next week, alongside fresh details of its funding model.

Kwasi Kwarteng, business secretary, is to unveil an overarching “Net Zero Strategy” paper as soon as Monday, along with a “Heat and Building Strategy” and a Treasury assessment of the cost of reaching the 2050 goal.

The creation of a “regulated asset base” (RAB) model will be key to delivering a future fleet of large atomic power stations. The RAB funding model is already used for other infrastructure projects, such as London’s Thames Tideway super sewer.

Under the scheme, households will be charged for the cost of the plant via an energy levy long before it begins generating electricity, which could take a decade or more from when the final investment decision is taken.

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10 European Union countries call on the European Commission to recognize nuclear energy as green source

Nuclear power plants now generate over 26% of the electricity produced in the European Union. France gets 70% of its electricity from nuclear. Germany and others are not convinced nuclear qualifies as green power.

Euronews »

A group of ten EU countries, led by France, have asked the European Commission to recognise nuclear power as a low-carbon energy source that should be part of the bloc’s decades-long transition towards climate neutrality.

Tapping into Europe’s ongoing energy crunch, the countries make the case for nuclear energy as a “key affordable, stable and independent energy source” that could protect EU consumers from being “exposed to the volatility of prices”.

The letter, which was initiated by France, has been sent to the Commission with the signature of nine other EU countries, most of which already count nuclear as part of their national energy mix: Bulgaria, Croatia, Czech Republic, Finland, Hungary, Poland, Slovakia, Slovenia and Romania.

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