nuclear-news

UK’s new Energy Act gives Energy Security Secretary the power to oversee and give funding to Great British Nuclear (? the poisoned chalice?)

 From nuclear to heat pumps: What’s included in the UK’s new Energy
Act? The UK Government has received Royal Assent for the Energy Act and
says measures included could leverage £100bn of private investment in the
sector.

Here, we outline the key inclusions in the Act. ……………..

By 2050, the UK is aiming to host up to 24GW of nuclear
capacity, up from 6GW at present. The growth should be delivered using a
mix of large projects, including one to come online this decade, and small
modular reactors (SMRs).

The new Act gives Energy Security and Net-Zero
Secretary Claire Coutinho the power to designate a new publicly owned
company, Great British Nuclear, to oversee the Government’s involvement
in delivering new nuclear projects.

She will also have the power to
allocate additional financial assistance to the company going forward due
to the Act. In return, Great British Nuclear is required to report annually
to Coutinho and she must lay this report before Parliament. Under the Act,

Great British Nuclear’s objective is set out as “facilitating the
design, construction, commissioning and operation of nuclear energy
generation projects for the purpose of furthering any policies published by
the Government”

 Edie 26th Oct 2023
https://www.edie.net/from-nuclear-to-heat-pumps-whats-included-in-the-uks-new-energy-act/ #nuclear #antinuclear #NoNukes

October 29, 2023 - Posted by Christina Macpherson | politics, UK