• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 3 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 8 hours Socialists want to exorcise the O&G demon by 2030
  • 5 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 18 hours Cheermongering about O&G in 2019
  • 34 mins Russian Message: Oil Price War With U.S. Would Be Too Costly
  • 1 day Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 2 days Is Natural Gas Renewable? I say yes it is.
  • 1 day North Sea Rocks Could Store Months Of Renewable Energy
  • 10 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 2 hours Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk
  • 2 days Making Fun of EV Owners: ICE-ing Trend?
  • 2 days Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 23 hours Oceans "Under Fire" Of Plastic Trash
Is Kuwait’s $500 Billion Oil Plan Overoptimistic?

Is Kuwait’s $500 Billion Oil Plan Overoptimistic?

Kuwaiti Oil Minister Khaled al-Fadhel…

British MPs Throw all Their Eggs in One Basket with Nuclear Power Plans

The UK government is placing all of its eggs in one basket as it hopes that Nuclear power alone will be able to provide the 16GW it needs to install by 2025 in order to meet its renewable energy goals.

MPs from the Energy and Climate Change Committee, have released a new report which looks at the barriers to installing the 16GW necessary to meet targets by 2025.

The nuclear industry does have 16GW of new projects in the pipeline, but concerns exist that delays would see the UK miss its targets. The report notes that industry stakeholders have claimed installing 16GW of new nuclear power capacity by 2025 is at best “ambitious” and at worst “unrealistic.”

Related article: Indian Nuclear Power Plant Sparks International Fears

Chairman of the committee Tim Yeo stated that “if new nuclear power stations are not built on time, our legally-binding climate change targets will be extremely challenging and much more expensive to meet.

Ministers need to urgently come up with a contingency plan in case the nuclear industry does not deliver the new power stations we need.”

John Hayes, the Energy Minister, is pleased with the report, but assures us that there is no need for a plan B.

“The Government is determined to see new nuclear play a role in our future energy mix, as it does today. We are working to make the UK one of the most attractive places in the world to invest in new nuclear.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News