Energy and Environment

Government should stop picking nuclear winners and losers


Energy and Environment

Andy Mayer writes for CapX

Energy and Environment

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.”

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.