nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

UK’s Chris Huhne two faced on nuclear energy subsidies

Do Chris Huhne’s proposed reforms subsidise nuclear energy? 14 July, 2011   Matt Lech, Full Fact.org, Following the publication of the Electricity Market Reform White Paper on 12 July, the issue of subsidies to nuclear power resurfaced in the House of Commons as Chris Huhne addressed the Commons.

Labour MP Paul Flynn asked, “Can the Minister really say that he is going ahead without subsidy? He seemed to be saying today, “We’re going to have subsidies for all nuclear and new nuclear, but call them something else.”….

according to Encyclopædia Britannica, price floors are considered “indirect” subsidies, which arise when governments, among other actions, “maintain higher prices through manipulation of markets”. Other forms of indirect subsidy include price ceilings, tariffs, and tax concessions.

It is important to reiterate that the price floor doesn’t only benefit nuclear energy, but all low-carbon energy providers. Nuclear energy will benefit more than other low-carbon sources, though, because it produces more electricity….http://fullfact.org/blog/chris_huhne_nuclear_energy_subsidy-2822
— 

July 14, 2011 - Posted by | politics, UK

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »