Government should stop picking nuclear winners and losers
Andy Mayer writes for CapX
Andy Mayer on TalkTV
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.”
“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.