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China’s role in UK nuclear sector poses challenges for net zero push, say think tanks

City AM, NICHOLAS EARL 11 Jan 23,

China’s continued foothold in the UK’s nuclear energy sector poses headaches for the UK government as it looks to attract overseas investment to meet its ambitious green energy goals, several think tanks have warned.

Sophia Gaston, head of foreign policy and UK resilience at Policy Exchange told City A.M. the so-called golden era of Chinese investment in critical infrastructure is “well and truly over.”

This was reflected, she said, in the government’s decision late last year to buy out state-backed China General Nuclear Power Group’s (CGN) 20 per cent stake in Sizewell C.

The policy expert now called on the government to remove Chinese investments from both Hinkley Point C – where CGN still has a one-third stake – and for a potential new power plant at the defunct Bradwell B site, which is two-thirds owned by CGN.

“Securing alternative investors for the Hinkley and Bradwell nuclear sites must be seen as critical priorities for the government and a key opportunity for British diplomacy,” she said…………………………………………………..

Concerns over the role of China in the UK’s energy sector intensified this week, after senior MPs on leading Westminster bodies called on the Government to reduce China’s influence in the North Sea.

CGN and the government were approached for comment. https://www.cityam.com/chinas-role-in-uk-nuclear-sector-poses-challenges-for-net-zero-push-say-think-tanks/

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January 12, 2023 - Posted by | politics international, UK

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