Skip to main content

U.K. Energy Review Published

The long anticipated U.K. Energy Review was published earlier today by the Department of Trade and Industry, and it includes a strong endorsement for keeping nuclear as a part of that nation's energy mix. And though the review also recommends increased use of renewable sources of energy (U.K. Prime Minister Tony Blair wants to increase the amount of energy generated by renewables by a factor of five in just the next 15 years), anti-nukes are still coming out in droves to grouse about the review.

Then again, some critics seem to realize their arguments are running out of ammunition. Case in point: Here's columnist George Monbiot, who after debunking a number of familiar canards about the industry, still doesn't want to listen to reason:
Some of our arguments against nuclear power have collapsed, but it seems to me that the case is still robust.
Here's another idea: Instead of digging in your heels in opposition, why not engage in a real conversation with the international nuclear industry on issues of concern like used fuel and nonproliferation and help develop some solutions?

As Patrick Moore has pointed out repeatedly, the global environmental movement has spent 4 decades perfecting the art of opposition without having to offer any solutions of its own. Might it not be time to follow a new strategy given the dire consequences so many prominent environmentalists are predicting are in store for the earth?

Here's what a spokesman at 10 Downing Street had to say about that line of thinking:
"Wishful thinking will not keep the lights on. You have to think hard about the energy gap. The reality is, if we do nothing, the amount of energy we get from nuclear will decline from 20% to 6%.

"What you will see in the energy review is that there will be a big increase in renewable energy. There will be a big increase in energy efficiency moves and that will deliver more electricity, but that in itself will not be enough to make up the shortfall and therefore you do need nuclear."
More later, as we continue to gauge reaction from around the English speaking world.

UPDATE: Freedom for Fission has a lot to say. First, he praises the energy review, and then muses for a little while on potential reactor designs. The trade association representing British manufacturers likes what it sees too. Piglito has some constructive suggestions.

Technorati tags: , , , , , , , ,

Comments

Fat Man said…
Enviromentalists do not want to solve problems. They want to be problems.
It's not the industry's job to engage in debate or discussion. That's what independent pro-nuclear people are for--you must see that an industry group will abandon technology that does not conform to their bottom line, and can't really afford to be policy analysts.

Popular posts from this blog

Fluor Invests in NuScale

You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...