UK Needs More Nuclear Power, Says Business Lobby

Britain needs more nuclear power plants, electric vehicle charging sites and carbon capture and storage projects to meet its new climate target, the Confederation of British Industry said on Friday (June 28th). 

The comments, reported by Reuters, from Britain’s major business lobby come a day after the country became the first G7 member to enshrine in law a target of net zero carbon emissions by 2050. 

“Firms want to see a whole host of stable, long-term policies enacted – from building new nuclear power stations to scaling-up carbon capture and storage... that send markets a robust signal,” Rain Newton-Smith, the CBI’s chief economist said. 

Currently, around 25% of Britain's electricity is generated from nuclear power.

The CBI has written to Britain’s business and energy secretary Greg Clark calling on the government to include such policies in an energy white paper expected later this year. 

Britain’s outgoing Prime Minister Theresa May announced the new emissions target earlier this month, saying the country needed to move faster to combat climate change. 

The UK’s original target was to cut greenhouse gas emissions by 80 percent from 1990 levels by 2050. The new target is more in line with the 2015 Paris climate agreement which calls on countries to reduce carbon emissions to try to limit the global temperature rise as close to 1.5 degrees Celsius as possible. 

Britain in 2016 signed a deal with France’s EDF and China’s CGN to build the 18 billion pound ($23 billion) Hinkley C plant, Britain’s first new nuclear plant in decades. 

Image By John at the English language Wikipedia, CC BY-SA 3.0, https://commons.wikimedia.org/...

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