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The News That Matters about the Nuclear Industry

UK’s Tories used to oppose subsidy for the nuclear industry – not any more!

Ecowatch 22nd Jan 2018, A reported public financing deal between the UK and Japanese governments for a new nuclear plant in Anglesey, Wales, could set the UK government up  to provide state-support for a raft of nuclear projects hit by financial difficulties.

Antony Froggatt, a senior research fellow in energy at Chatham House, told Unearthed that the Conservatives were shifting their policy because new nuclear plants are unlikely to come online without significant state backing. “What we’re seeing, and this has been the case  for the last 5-10 years, is that the Conservatives have gradually been salami slicing away at their pledge to allow the construction of new nuclear, provided that they ‘receive no public subsidy’,” he said. “There’s been a shift on this because nuclear can’t happen without significant government financial support.”
https://www.ecowatch.com/nuclear-plants-uk-2527676949.html

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January 26, 2018 - Posted by | general

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