Related Topic: Finance

British PM promotes low-carbon economic growth for Africa

British PM promotes low-carbon economic growth for Africa

The UK will no longer fund coal projects overseas, British Prime Minister Boris Johnson announced today during his opening address at the UK-Africa Investment Summit in London. Instead, the government will "turbo-charge" its support for low-carbon energy sources, he said, noting that the UK has cut its CO2 emissions by 42% from the 1990 level. The country is the host of the next round of UN climate talks - COP26 - in November.

Energy & Environment 20 January 2020


UK's net-zero goal needs new nuclear, says Atkins

UK's net-zero goal needs new nuclear, says Atkins

Engineering firm Atkins has published a new report detailing the investment in low-carbon energy needed for the UK to achieve its target of net-zero emissions by 2050. The report - titled Engineering Net Zero - calls for the government to significantly increase investment in nuclear power.

Energy & Environment 13 January 2020


Viewpoint: Can a regulated asset model help deliver new investment?

Viewpoint: Can a regulated asset model help deliver new investment?

New nuclear power plant investments face significant challenges, especially in liberalised electricity markets. A regulated asset model may help resolve these challenges. Edward Kee, Ruediger Koenig, Paul Murphy and Xavier Rollat explore the potential and the limits of this model.

Perspectives 27 November 2019


Costs and financing key to Europe's nuclear future

Costs and financing key to Europe's nuclear future

Nuclear has a place in Europe's energy mix, but rising costs - even if only perceived - need to be addressed to ensure future growth, speakers agreed at the New Nuclear Watch Institute's first annual forum, held in London yesterday.

Nuclear Policies 07 November 2019


UK confirms funding for Rolls-Royce SMR

UK confirms funding for Rolls-Royce SMR

UK Research and Innovation has provided initial match funding to the consortium of companies designing a new type of nuclear power station in the UK. Rolls-Royce and its partners have said a UK small modular reactor programme could contribute GBP100 billion (USD128 billion) to the UK economy and open up a global export market.

New Nuclear 07 November 2019


Mitigating financial risk in nuclear power projects

Mitigating financial risk in nuclear power projects

Advancing energy policies to achieve climate change goals includes a range of instruments to mitigate the economic risks associated with nuclear power projects, Marilyn Kray, president of the American Nuclear Society, said yesterday at the IAEA's International Conference on Climate Change and the Role of Nuclear Power in Vienna. In her role at ANS, Kray represents the roughly 10,000 people working in the US nuclear sector. She is also vice president of strategy and development for Exelon Generation, the biggest operator of nuclear power plants in the USA.

New Nuclear 09 October 2019


Foratom urges fact-based approach to sustainable finance

Foratom urges fact-based approach to sustainable finance

Foratom has welcomed the European Council's decision to remain technology neutral in its strategy on financing sustainable growth and the transition to a low-carbon, resource-efficient economy, but it urges the European Commission to establish a group with expertise in nuclear life-cycle technologies to advise on its EU-wide classification system, or 'taxonomy', the implementation of which has been postponed by two years.

Energy & Environment 26 September 2019


Foratom calls for sustainable finance to include nuclear

Foratom calls for sustainable finance to include nuclear

The European Commission must acknowledge the "critical role" that nuclear energy has to play under its sustainable finance initiative, European nuclear trade body Foratom said yesterday. The Commission, it said, should reconsider its decision to exclude nuclear from economic activities covered by the initiative.

Nuclear Policies 13 September 2019


UK considers Regulated Asset Base model to finance new nuclear

UK considers Regulated Asset Base model to finance new nuclear

The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK's eight existing nuclear plants are set to be retired by 2030.

Nuclear Policies 23 July 2019


UK unveils financial terms it offered Hitachi

UK unveils financial terms it offered Hitachi

Greg Clark, the UK's secretary of state for Business, Energy and Industrial Strategy, today spoke “candidly” about the unprecedented financial terms offered to Hitachi ahead of the company’s decision to suspend its new nuclear power plant project.

Corporate 17 January 2019