WHETHER you are primarily concerned about climate change, or energy security, the British Government’s choice to build 10 new large nuclear power stations by 2025 should come as welcome news.
Nuclear power is the only proven electricity generation technology that can simultaneously meet reliable baseload demand, anywhere, and yet emit no carbon dioxide when operating.
Along with hydropower from dams, it is the only clean energy technology that has been shown to be scalable. France, for instance, derives nearly 80 percent of its electricity from 59 nuclear plants.
Nuclear-powered France is the world’s biggest electricity exporter, has the cheapest power rates in Europe, and has the lowest carbon footprint per person.
On this basis, it is easy to understand the UK government’s decision to pursue nuclear power in a big way. A resolution, I might add, that has bipartisan political support. Australia, take heed.
Worldwide, in 2008 nuclear power avoided 2.7 billion tonnes of carbon dioxide emissions, compared to what would have been emitted if coal-fired stations had instead been used.
What of the economics of the UK plan? Like any large capital infrastructure project, it will be expensive.
Yet aside from concrete, steel and labour, much of the cost of new nuclear comes from regulatory risk.
The UK wisely plan to cut through this red tape by reducing planning permission times from seven to one year, and vetoing the right of local authorities to block construction.
They’ve clearly learned valuable lessons from history.