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The New Rush for Nuclear: An Expensive White Elephant

Publication Date: 
29 Nov 2007
Body: 

The UK government and nuclear industry claim that a new generation of nuclear power stations can be built without any public subsidy. They point to Finland, where the first new reactor ordered in Europe since 1993 is being built, and to the US as proof of a re-emerging industry.

This briefing shows that subsidies are likely to be an essential part of any new-build programme in the UK and it demonstrates that support can be expected via a number of market interventions. Furthermore, it explains how the government has already enacted legislation and is developing further measures that could open the way for the taxpayer to pick up the bill for the liabilities of any private nuclear operator that should fail to provide proper funding for waste and decommissioning.

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An expensive white, radioactive elephant

Ever since the government started ranting about the joy of new nuclear power stations, a central plank of their shaky argument has been that the billions required will be covered by industry and not the taxpayer. But despite these bold claims, legislation and loopholes have been carefully engineered so that public money will inevitably subsidise the industry. Hardly surprising, given there hasn't been a single civil nuclear project that hasn't required huge sums of public dosh.

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British Energy reckons nuclear power stations are safe from flooding - cobblers

British Energy, the UK's biggest nuclear operator, has just published a report (pdf) they claim shows that new nuclear reactors in the UK could be protected from flooding and sea-level rise caused by climate change. They concluded "that all our sites can be sustained over the next 100 years." But their report doesn't cut the mustard.

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