Britain needs more nuclear power, electric chargers for climate goal - CBI

LONDON (Reuters) - Britain needs more nuclear power plants, electric vehicle charging sites and carbon capture and storage projects to meet its new climate target, the Confederation of British Industry said on Friday. The comments from Britain's major business lobby come a day after the country became the first G7 member to enshrine in law a target of net zero carbon emissions by 2050. 'Firms want to see a whole host of stable, long-term policies enacted – from building new nuclear power stations to scaling-up carbon capture and storage...

Reuters June 28, 2019 06:09:21 IST
Britain needs more nuclear power, electric chargers for climate goal - CBI

Britain needs more nuclear power electric chargers for climate goal  CBI

LONDON (Reuters) - Britain needs more nuclear power plants, electric vehicle charging sites and carbon capture and storage projects to meet its new climate target, the Confederation of British Industry said on Friday.

The comments from Britain's major business lobby come a day after the country became the first G7 member to enshrine in law a target of net zero carbon emissions by 2050.

"Firms want to see a whole host of stable, long-term policies enacted – from building new nuclear power stations to scaling-up carbon capture and storage... that send markets a robust signal," Rain Newton-Smith, the CBI's chief economist said.

The CBI has written to Britain's business and energy secretary Greg Clark calling on the government to include such policies in an energy white paper expected later this year.

Britain's outgoing Prime Minister Theresa May announced the new emissions target earlier this month, saying the country needed to move faster to combat climate change.

The UK's original target was to cut greenhouse gas emissions by 80 percent from 1990 levels by 2050. The new target is more in line with the 2015 Paris climate agreement which calls on countries to reduce carbon emissions to try to limit the global temperature rise as close to 1.5 degrees Celsius as possible.

Britain in 2016 signed a deal with France's EDF and China's CGN to build the 18 billion pound ($23 billion) Hinkley C plant, Britain's first new nuclear plant in decades.

The deal was criticised by organisations such as Britain's National Audit Office for being too expensive and two other proposed projects, Toshiba's NuGen and Hitachi’s Horizon, have since failed due to their inability to secure funding.

Britain's climate advisers, the Committee on Climate Change (CCC), said Britain would need to ramp up its renewable electricity generation such as wind and solar to meet the net zero target.

But the CCC also said it was likely that renewables would need to be complemented by low-carbon power options such as nuclear power and carbon capture and storage at gas or biomass power plants.

All but one of Britain's current nuclear fleet, which provide around 20 percent of the country's electricity, are due to close by 2030.

(Reporting By Susanna Twidale. Editing by Jane Merriman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.