The smart money is on energy efficiency and renewables: the dumb money on nuclear
E.on and RWE are huge, blue-chip multinationals, yet see nuclear as too big a gamble and that’s despite the substantial subsidy it would enjoy in the UK,
Contrast all this with energy efficiency and renewables. The former makes sense by definition. The latter is where costs are coming down, even with the relatively limited subsidies they receive. And neither involve the Faustian pacts of nuclear power or oil and gas: they are as safe as the houses they power…..
Nuclear and gas blow outs show where the dumb money
is, Guardian UK, Damian Carrington, 30 March 12, The smart money is on energy efficiency and renewables yet a government terrified of “backing winners” appears happy to back the nuclear, oil and gas losers Follow the money: in the billion-dollar world of the energy business that is good advice. So what do the collapse of a quarter of the UK’s new nuclear power plans and the gas still billowing dangerously from Total’s Elgin rig in the North Sea tell us about keeping the lights on and tackling climate change at a price we can afford?
It tells us first that, despite decades of lavish public subsidy, nuclear power remains uninvestable without heavy state backing. Continue reading
Nuclear industry dead at home, but Japan tries to sell it abroad
Japanese May Invest in U.K. Nuclear, WSJ, By SELINA WILLIAMS, 30 March 12 “……-RWE and E.ON are now seeking to sell their U.K. nuclear joint venture vehicle, named Horizon, that has two sites for new atomic power stations–at Wylfa in Wales and Oldbury in Gloucestershire in central England, as well as grid connections and around 130 employees,
including technical specialists, engineers, and project development specialists….
Japanese nuclear companies such as reactor vendors Hitachi and Toshiba Corp. and nuclear developers Mitsubishi Heavy Industries are seen by many in the nuclear industry as the most likely buyers.
Stymied at home following the Fukushima nuclear disaster last March, these companies are actively seeking new markets elsewhere and the U.K. could be a good base for expansion plans in Europe. “You could see a strong Japanese team coming in–there’s not going to
be building in Japan for the forseeable future, so growth for them can only come out of exports,” said George Borovas, a nuclear lawyer and partner at Pillsbury law firm that specializes in the energy sector…..
Stumping up the billions of pounds investment required to build a new reactor, coupled with the long lead times of construction as well as the cost overruns seen at other similar projects pose a huge challenge for any company seeking the finance, especially now in these
credit-strapped times.
2 big energy companies pull out of UK’s nuclear power projects
Energy firms abandon nuclear plans, Google News, (UKPA) –30 Mar 12 The Government’s plans for a nuclear-power renaissance are in disarray after two of the “big six” energy giants pulled out of a venture to build new reactors…… The venture was hit by the global economic crisis and Germany’s decision to phase out nuclear power in response to the disaster at Fukushima following the Japanese earthquake and tsunami last year,… as well as the significant costs of the project…… They also confirmed they were committed to investing in energy schemes in the UK, including renewables and gas, which have shorter payback times on capital investment than nuclear build.
The latest withdrawal from nuclear new-build comes after Scottish and Southern Energy announced last year that it was pulling out of the NuGeneration joint venture to build a new plant at a site near Sellafield, West Cumbria….. Gary Smith, of the GMB union, said: “This is a devastating blow which leaves the UK Government energy strategy in tatters.” … environmental groups seized on the news as evidence that nuclear power, which provides just under a fifth of UK electricity supplies, was not a financially-viable option for the country’s future energy mix. They called for the Government to back renewables, which they said had the potential to create thousands of jobs, supply households and businesses with clean, safe and affordable electricity, and tackle climate change.
Price, and politics too, are bringing nuclear power development to a halt

U.K. Feels the Fallout From Nuclear-Industry Woes, WSJ, By ANDREW PEAPLE, 30 Mar 12, Nuclear power has fallen out of fashion fast since last year’s Fukushima accident; now even supportive governments can’t catch a break. German utilities RWE RWE.XE -1.27% and E.ON EOAN.XE -1.79% on Thursday scrapped plans to invest £15 billion ($23.8 billion) building two new reactors in the U.K., …. Continue reading
Scotland’s renewable energy winning success, and providing many jobs
Energy Minister delighted as Scotland beats renewable energy target Daily Record co UK, Mar 29 2012 FIGURES revealed today that an extra 45 per cent of renewable energy was generated in Scotland last year compared with 2010. The statistics published by the Department of Energy and Climate Change statistics mean around 35% of Scotland’s electricity needs came from renewables in 2011, assuming that gross consumption in 2011 is similar to 2010.
This beats the Scottish Government’s target of 31% for last year. Energy Minister, Fergus Ewing was delighted with the news. He said: “It’s official: 2011 was a record breaker with enough green electricity being produced in Scotland to comfortably beat our interim target. ”And Scotland met almost 40% of the UK’s renewables output in 2011, demonstrating just how much the rest of the UK needs our energy.
“We are seeing great progress towards our goal of generating the equivalent of 100% of Scotland’s electricity needs from renewables by 2020.” The figures show that renewable electricity generation, wind energy generation and hydro generation were all at a record high in 2011…..
Liberal Democrat Energy spokesman Liam McArthur said the figures, taken together with the Scottish Renewables report showing that over 11,000 jobs are directly related to the development of the renewables sector, confirm that Scotland is capitalising on the rewards that the renewable energy industry can bring…
http://www.dailyrecord.co.uk/2012/03/29/scotland-beats-renewable-energy-target-reveals-new-statistics-86908-23806298/
Alas, ‘fast breeder’ reactors don’t solve the nuclear waste problem
Ultimately, however, the core problem may be that such new reactors don’t eliminate the nuclear waste that has piled up
Can Fast Reactors Speedily Solve Plutonium Problems?
The U.K. is grappling with how to get rid of weapons-grade plutonium and may employ a novel reactor design to consume it , Scientific American, By David Biello | March 21, 2012 The U.K. has nearly 100 metric tons of plutonium—dubbed “the element from hell” by some—that it doesn’t know what to do with.
The island nation does not need the potent powder to construct more nuclear weapons, and spends billions of British pounds to ensure that others don’t steal it for that purpose. The unstable element, which will remain radioactive for millennia, is the residue of ill-fated efforts to recycle used nuclear fuel. Continue reading
Gordon Brown claims Dalgety Beach radiation more dangerous than estimated before
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Brown claims evidence of ‘disturbing’ radiation risk at Dalgety Bay The former prime minister is handing over a dossier to the MoD highlighting the heightened danger of radiation. News STV, 25 March 2012 Former prime minister Gordon Brown says he has
seen new evidence of “disturbing” levels of radiation at a Fife beach where wartime military aircraft were incinerated. Continue reading
UK farmers welcome govt support for renewable energy projects on farms
Farm renewable energy boost, Farming News, (UK) , March 25, 2012 FARMERS’ leaders have welcomed Government plans to exempt small-scale renewable energy schemes on farms from planning regulations. Continue reading
As Seoul nuclear summit approaches, Britain warns of nuclear terrorism

UK warns of nuclear risk ahead of Seoul summit (Reuters) 23 March 12, – Britain warned on Friday there was a “significant likelihood” that terrorists will one day acquire chemical, biological or nuclear weapons unless countries step up their efforts to keep sensitive materials and information secure.
The British government released its first comprehensive National Counter-Proliferation Strategy, detailing the risks from the spread such weapons and what Britain and other countries can do to stop it.
It came out days before leaders from more than 50 countries, including U.S. President Barack Obama, gather in Seoul, South Korea, for a March 26-27 nuclear security summit focusing on measures to protect nuclear materials and facilities and to prevent illicit trafficking…..
“Nuclear terrorism is now a real and global threat,” British Deputy Prime Minister Nick Clegg, who will lead Britain’s delegation in Seoul, said in a statement….
http://in.reuters.com/article/2012/03/23/nuclear-britain-idINDEE82M0N320120323
Students alerting public to danger of nuclear waste dumping in Cumbria, UK
the proposals … will be a ‘travesty of democracy’…..
there are claims that important scientific information is being ignored

Students fight Cumbria nuclear dump plan The Westmorland Gazette, 23 March 12, CONSULTATION over whether a nuclear waste repository should be built on Cumbria’s west coast comes to a close tomorrow with opponents making their voices heard in many imaginative ways… Continue reading
Posthumous honour for victim of killer on UK nuclear submarine
Navy officer shot dead by rampaging sailor on nuclear submarine is honoured DAILY MAIL , 24 March2012 A Royal Navy officer murdered trying to stop a sailor on a gun rampage aboard a nuclear submarine has been posthumously honoured. Lieutenant Commander Ian Molyneux was awarded a George Medal for tackling Able Seaman Ryan Donovan as he ran amok on HMS Astute. Continue reading
UK could save 84 billion pounds by scrapping Trident nuclear missiles
Scrapping Trident nuclear missiles ‘would save £83.5bn‘ Savings could be spread over years until 2062 and jobs created on other defence projects, study finds Richard Norton-Taylor guardian.co.uk, 21 March 2012 Scrapping the Trident nuclear missile system would save £83.5bn and many of the jobs at risk could be transferred to alternative defence projects, according to an authoritative study published on Wednesday.
An average annual saving of £1.86bn would be made until 2062, it says. The study, commissioned by senior figures from all three main parties, points out that the savings would not be available immediately because cancellation and decommissioning costs would have to be taken into account….
New evidence raises questions about the murder of anti nuclear campaigner
A high-profile campaigner against nuclear weapons, she had been due to present evidence to the public inquiry into the proposed Sizewell B nuclear reactor in East Anglia.
“The victim was consumed with anxiety that something was going to happen to her. A look at why that might be involves the evidence she was about to give to the Sizewell inquiry.”

Hilda Murrell murder: call to examine ‘MI5 link’ to murder of nuclear activist Michael Mansfield QC wants to know what intelligence services knew about killing of anti-nuclear activist Hilda Murrell in 1984 Mark Townsend, Guardian UK, The Observer , 18 March 2012 Campaigner Hilda Murrell, 78, who was murdered in March 1984, had been due to give evidence at the public inquiry into the Sizewell B nuclear reactor.
One of Britain’s leading human rights lawyers has demanded a fresh police inquiry to establish what the British intelligence services knew about the murder of a prominent anti-nuclear campaigner. Continue reading
In UK, 102 business leaders urge government to back renewable energy

Sir Branson and fellow entrepreneurs ask Cameron to back renewables http://www.eaem.co.uk/news/sir-branson-and-fellow-entrepreneurs-ask-cameron-back-renewables Energy and Envronment Magazine 16 March 2012
Sir Richard Branson is one of 102 top business signatories of an open letter to David Cameron urging him to back wind and other renewable forms of power generation.
“March’s budget provides one of the biggest opportunities to tackle climate change in the UK,” the Virgin tycoon says. “We must ensure it encourages investment rather than creates uncertainty and delays further serious investment in the renewable sector. As a country we need to be better prepared to deal with rising energy prices.”
The so-called ‘102 letter’ is conceived partly as a response to the actions of 101 backbenchers who last month wrote to the Prime Minister attacking wind power, and a call to the Treasury to re-establish a stable investment platform for renewable energy as a driver of the recovery out of the recession.
It is published on the website of the Entrepreneurs’ Organisation (EO), the global network of more than 7,500 business owners in 38 countries.
“Cutting support for green energy is a false economy,” comments Dale Vince, Founder and CEO of Ecotricity, one of Britain’s most successful new energy companies trying to muscle in on the territory controlled by the Big Six.
His angle is energy security. “Britain needs to become energy independent once more, and with the North Sea all but depleted of fossil fuels we need to look to other forms of indigenous energy. We have them in abundance, in the wind the sun and the sea, enough to power our country many times over.
“While Britain remains dependent on global energy markets, our bills can only go one way: upwards.”
His analysis is that the level of current support for green energy sources is relatively small in comparison to that for oil and gas.
In the last 12 months roughly £30 of our household energy bills has been spent on green energy support. Of this, the Renewables Obligation (RO) added just £15.15 to the annual energy bill of the United Kingdom’s 26.3 million households, with onshore wind power adding only £4.68, according to Ofgem’s recently published RO annual report for 2010/11and Ecotricity’s analysis.
The RO is the main support mechanism for encouraging the growth of renewable energy in the UK.
Meanwhile, the rising cost of imported gas added around £120 to energy bills last year, according to Ofgem’s Electricity and Gas Supply Market Report.
“We need to reverse those proportions; it’s an incredible false economy to throw money at energy market speculators while penny pinching over the one thing we can do to solve the problem long term: make our own energy,” concludes Mr Vince.
The letter says that “as entrepreneurs, investors, economists, scientists, engineers, energy providers, community builders and Members of Parliaments, we are increasingly concerned about the lack of clarity around the future of government support for land-based renewables, such as solar, wind and biogas.”

Letter to UK Prime Minister David Cameron on renewable energy
Richard Branson letter to David Cameron on renewable energy http://www.guardian.co.uk/environment/2012/mar/16/renewableenergy-energy
The letter in full from Dale Vince, Juliet Davenport and Caroline Lucas and other signatories backing green power, in response toa recent letter in which 101 Conservative backbenchers rubbished wind power
Dear David Cameron,
As entrepreneurs, investors, economists, scientists, engineers, energyproviders, community builders and Members of Parliament, we are increasingly concerned about the lack of clarity around the future of government support for land based renewables, such as solar, wind and biogas. Continue reading
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