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To: Goose94 who wrote (98208)	11/20/2020 8:16:20 AM
From: Goose94	Read Replies (1) \| Respond to of 202930

Good news for Uranium: UK 10-point green plan relies heavily on nuclear power Among eight technology-based energy possibilities, the UK’s Plan for a Green Industrial Revolution relies substantially on a commitment to develop nuclear power capacity, from large-scale units to small and advanced modular reactors. This is the only component of the plan which is well-proven commercially and capable of scaling up without incurring high costs to overcome intermittent energy supply. Hence nuclear power has a “key role” in deep decarbonisation of electricity. The Plan aims overall to transform the UK economy, deliver jobs and growth and “sets the firm foundations to do just that. The plan brings together ambitious policies and significant new public investment, while seeking to mobilise private investment” to the extent of £42 billion. It “demonstrates the UK’s significant and continuing commitment to tackling greenhouse gas emissions.” An Energy White Paper in December will start to “bring forward ambitious proposals across the economy to cut emissions and secure long-term growth for the whole country.” The UK has committed to net zero greenhouse gas emissions by 2050, and the Plan is a first attempt to say how this might be achieved, though whether “firm foundations” is a fair description remains to be seen. Anyway, among £12 billion of government investment to advance the green vision, only $525 million is allocated for nuclear initiatives, beyond the promise to provide development funding for large projects. Up to £385 million will support both small modular reactors and advanced high-temperature reactors for “efficient production of hydrogen and synthetic fuels”. This modest commitment is despite noting that “83% of the $13.3 trillion of global investment in electricity systems by 2050 could be in zero-carbon technologies” (citing Bloomberg). A big increase in offshore wind power and £500 million for 5 GW of low-carbon hydrogen production capacity by 2030 (using CCS) have less obvious merit economically, and several measures express bold hopes for progress on worthwhile fronts. Some £2.8 billion is for electric vehicles and charging infrastructure, and up to £1 billion is to develop carbon capture, usage and storage (CCS) for 10 million tonnes of CO2 per year by 2030, to be stored under the North Sea. WNN 18 & 19/11/20. world-nuclear.org