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UK government got its energy strategy so wrong

 ‘Major misjudgment’: how the Tories got their energy strategy so wrong. Analysis: betting big on nuclear, hydrogen, oil and gas while passing over energy saving measures, Johnson’s plan is a huge missed

Government industrial strategies are often derided as attempts to pick winners. The UK’s Conservative government has taken a different approach with its new energy strategy. In terms of dealing with the energybill and climate crises, it’s picking losers.

Nuclear power is the only major energy technology that has increased in cost in the last decade and
routinely suffers from massive time and budget overruns. Even Kwarteng acknowledges that France’s large nuclear fleet “cost a fortune”. The gamble Johnson is making, with taxpayers’ money, is that nuclear power is a more reliable wager to secure clean future power than renewables and fast-developing energy storage technologies. It’s a long shot.

Renewables and storage will develop much faster and get much cheaper due to the rapid learning that comes with small-scale technologies, unlike colossal projects
like nuclear.

 Guardian 6th April 2022


April 9, 2022 - Posted by | business and costs, renewable, UK

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