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The Low Carbon Economy Ltd

20 Jul 2010 03:07:02

KPMG report claims nuclear power is essential for CO2 reductions

KPMG report claims nuclear power is essential for CO2 reductions
The UK government must make "radical reforms" to the country's electricity market if it is to meet its carbon reduction targets, a new report has claimed.

KPMG has conducted an in-depth study into power generation in the UK in which it suggests that investment is needed in nuclear power.

Richard Noble, European power and utilities partner at KPMG, said that nuclear power "has to play a central role" in the country's energy mix.

Mr Noble added that currently investment in low carbon energy production is based on "inconsistent interventions".

"While there is no simple answer, it is clear that a more consistent design is needed to reward low carbon generation," he explained, adding that this could be done through changes to price mechanisms.

The report also identified that a decision must be made as to whether all low carbon electricity will be placed in a single market or if different markets will exist for each technology.

In its programme for government, the Conservative/Liberal Democrat coalition agreed that nuclear development in the UK could go ahead providing that they receive no public subsidy.ADNFCR-1235-ID-19898724-ADNFCR

Discussion Thread  

21 Jul 2010

There are more than enough alternatives that are better and cheaper than nuclear power, see http://www.energyfair.org.uk/misallocation . Money spent on nuclear power is a serious mis-allocation of resources.

pg wrote:

21 Jul 2010

I'm with Gerry and Greenpeace and goodness knows how many others...I have also read that we wouldn't be able to build the Nuclear PS's that we'd need in time to stop the lights going out anyway, in which case let's leave that nasty dangerous industry well alone and focus on Wind, Wave and Solar whilst doing what we can to reduce consumption.

23 Jul 2010

Indeed. The best way to keep the lights on is to turn the lights out..... all the unnecessary ones. Talk of an energy gap is an attempt to scare people into accepting nuclear, but as pg says it has nothing to with it. Look at the numbers: nuclear share of UK electricity supply ?18% - when all nukes are working which is far from all the time. Renewables share now about 5%, government target by 2020 is 20%, difference 15% which nearly replaces nuclear electricity already, even without improved energy efficiency.

Discussion Thread  


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