Government should stop picking nuclear winners and losers
13 January 2023
SUGGESTED
Energy and Environment
Andy Mayer writes for CapX
13 January 2023
Energy and Environment
Housing and Planning
Andy Mayer quoted in City AM
IEA Chief Operating Officer and Energy Analyst Andy Mayer has been quoted in City AM arguing that the government should change its approach to nuclear power and stop “[picking] winners through bespoke subsidy schemes for individual projects, technologies, and firms.”
Andy said:
“If the government wants a national nuclear champion on the French model, it will need to write vast blank cheques, now and forever, gambling that the investment will deliver a technology others wish to buy. This approach was tried in the 20th century. It failed, and we are still paying £3bn a year as a result.”
The full article can be read here.
SHARE
