In response to the Government’s British Energy Security Strategy and its announcements on nuclear power, the Chief Executive of the UK Nuclear Industry Association, Tom Greatrex, said,
“The new nuclear target of 24GW by 2050 is a vital step forward for UK energy security and our net zero future. Investing in fleets of large and small scale stations is essential to securing clean, affordable, British power which will work alongside renewables to cut our dependence on gas.
“This investment will also create tens of thousands of jobs across the country and revitalise a world class skills base right here in Britain. The ambition and determination to do much more and quicker is very welcome.
“Along with removing barriers to projects getting started, building investor confidence by ensuring nuclear is classified as green in the UK taxonomy and making it eligible for green bonds are important next steps.
“We also want to see the money from the promised Future Nuclear Enabling Fund allocated at pace, with good sites being made available for project development. We welcome the government’s leadership and the UK’s nuclear industry stands ready to deliver our part in realising the vision set out in the strategy.”
Notes to editors
- The UK has six generating (6.9 GW) nuclear power stations, providing around 16% of the country’s electricity
- Nuclear power has saved the UK 2.32 billion tonnes of carbon emissions, far more than any other source. The saving is equivalent to all UK emissions from 2015 through 2020.
- Three stations will retire by March 2024, and all but one will retire by 2030.
- The United Nations Economic Commission for Europe (UNECE) confirms that nuclear has the lowest lifecycle carbon of all technologies and the lowest land use and lowest mining and metal use of all low carbon technologies.
About the Nuclear Industry Association
As the trade association for the civil nuclear industry in the UK, the Nuclear Industry Association represents more than 200 companies across the UK’s nuclear supply chain.
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