Thursday, March 16, 2023
UK / Government Announces Plans To Include Nuclear Energy In Green Taxonomy :: NucNet | The Independent Nuclear News Agency
Nuclear power is to be classed as “environmentally sustainable” in the UK’s green taxonomy, giving it access to the same investment incentives as renewable energy, chancellor Jeremy Hunt announced in his spring budget 2023 speech on Wednesday (15 March).
Hunt also said the government would launch the first competition for small modular reactors. It will be completed by the end of this year and if demonstrated as viable “we will co-fund this exciting new technology”.
He announced the launch of Great British Nuclear, a government-backed agency which will he said will bring down costs and provide opportunities across the nuclear supply chain to help provide up to 25% of the country’s electricity by 2050, up from around 15% today.
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