UK Prime Minister Boris Johnson has repeated his support for new nuclear power. During Prime Minister's Question Time in the House of Commons yesterday, Johnson told a member of parliament representing a constituency in Cumbria, "We believe that nuclear power is a significant potential contributor to our Net Zero ambitions, and I look forward to working with my Honourable Friend to ensure that Cumbria continues its long historic tradition as a pioneer of new nuclear technologies."
Nuclear Policies 16 July 2020
A group of 32 companies and organisations from the UK nuclear supply chain have formed a consortium to encourage the government to support a state-guaranteed financing model for Sizewell C, the proposed new nuclear power plant on the Suffolk coast. The Sizewell C Consortium said today it intends to sign agreements that ensure 70% of the project's construction value would go to UK companies.
Corporate 14 July 2020
As the UK government dithers on how to approach its Net Zero emissions by 2050 target, Hugo Lidbetter, a partner in energy and natural resources at law firm Fieldfisher, considers the role of nuclear in achieving the country's low-carbon future.
"The Moorside and Wylfa Newydd projects, each of which received hundreds of millions of pounds of private sector development costs, were respectively abandoned and put on hold due to lack of government support. Aside from recognising the role nuclear has to play in a Net Zero energy mix, the most obvious gap is a decision on a new build funding model."
Perspectives 20 July 2020