Nuclear Electricity Belongs to the Past Not the Future
So the British government’s response to climate change is to go nuclear. The Hinkley Point nuclear power station is to be built jointly by Chinese companies and the French state-owned energy company EDF. The cost of building the plant is estimated to be £25bn. For the deal to go ahead the UK has to provide a guarantee worth £2bn. In addition the government has to provide EDF with a guaranteed price of electricity generated at twice today’s price for 35 years.
