Press Release: It’s Now or Never if Britain Wants to be a Leader in the Global Nuclear Energy Industry
For Immediate Release 4 December 2017
Tim Yeo, Chairman, New Nuclear Watch Europe (NNWE)
It’s Now or Never if Britain Wants to be a Leader in the Global Nuclear Energy Industry
“It’s now or never if Britain wants to be a leader in the global nuclear energy industry.
There’s no better opportunity for Ministers to show they are serious about the industrial strategy than by reviving Britain’s nuclear role.
Firstly, they should clinch the future of the NuGen project by offering Kepco loan finance at the lower interest rate available to the Government, at least for the period of construction of the new reactor at Moorside.
Secondly, they should seize the chance for Britain to compete in the emerging small modular reactor industry by exploiting the country’s undoubted scientific and engineering skills.
Britain has shown the way forward on climate change with its commitment to phase out coal. Without coal the only way to guarantee consumers secure electricity in the 2030s is by investing in new nuclear.
The world’s economic powerhouse is now Asia, the continent that has recognised that nuclear energy is an essential part of the solution to climate change. There are more new nuclear reactors under development in Asia than in the rest of the world put together.
The leadership of a western nuclear revival to match Asia’s ambitions is there for the taking.”
– ENDS –