Greg Clark, former energy minister, writes that the absence of policy continuity has undermined strategy on this issue. The current government claims to be all-in for new
nuclear. Its Energy Security Strategy, published last year, set a target of
24 gigawatts of nuclear energy generating capacity by 2050.
That is highly ambitious. To put it in context, it is three times our current capacity and
nearly twice the highest nuclear capacity that the UK has ever achieved,
even before Magnox plants were retired from service.
Today the cross-party House of Commons Science, Innovation and Technology Select Committee, which I chair, will publish a report endorsing the government's decision to
look to nuclear power to meet our future electricity needs — especially
if we are to achieve the legal requirement of net zero carbon emissions by
2050. At a time when imported supplies of energy leave us vulnerable to
price spikes at best, and shortages at worst, there is an energy security
case for nuclear power under our own control.
However, we will also warn
that expansive ambition will not get nuclear power built. Much more than
with other energy technologies, the scale, financial demands, workforce
planning and — in the case of advanced nuclear technologies — research
and development needed for new nuclear requires a dependable strategic plan
if hopes are to have any chance of being turned into reality.
Witness after witness who appeared before our inquiry told us that such a strategic plan
for nuclear is missing. For example, there is no indication from the
government on what proportion of the 24GW is intended to be met by
gigawatt-scale plants like Hinkley Point C, or smaller, more distributed
nuclear reactors such as small modular reactors.
The government's stated
aim to deploy a nuclear reactor a year is not grounded in any explanatory
detail. The role of the new organisation, Great British Nuclear, is obscure
beyond running a competition between potential developers of small modular
reactors. Britain has an opportunity to break out of 70 years of on-off
policy towards nuclear power, with the twin imperatives of energy security
and net zero favouring a substantial future contribution of nuclear to our
electricity needs. But this will not happen without a clear and deliberate
plan on which very long-term investors can rely. If Britain is to have
substantial new nuclear capacity, there is an urgent need to turn hopes
into action.
FT 31st July 2023
https://www.ft.com/content/7499350a-2a4c-430d-a23f-415f3780e0aa
No comments:
Post a Comment