NIA responds to the Science & Technology Select Committee’s Clean Growth report
22 August 2019
In response to the publication of the Science & Technology Select Committee’s report on Clean Growth: Technologies for meeting the UK’s emissions reduction target, Tom Greatrex, Chief Executive of the UK Nuclear Industry Association said:
“The NIA welcomes the Committee’s conclusion that new nuclear is needed to reach the Government’s net zero by 2050 target, with nuclear consistently providing reliable, low-carbon energy and already supplying half of the UK’s clean electricity.
“It is imperative Government urgently put in place the necessary regulatory and financial frameworks to enable the development of new power stations – both to replace our current fleet, which will mostly retire by 2030, and to provide the firm power element of our future mix which the Committee on Climate Change have demonstrated will be required to successfully meet net zero.
“The RAB model has the potential to deliver significant cost reductions to large infrastructure projects, making nuclear in the UK attractive to a wider pool of investors, reducing cost to the consumer and delivering the clean generation needed for us to reach net zero.”