Setting a floor price on carbon taxes has become an election issue
The ruling Labour Party and the challengers from the Conservatives agree on only one thing, and that is no direct government subsidies for new nuclear plants.
That doesn’t stop either party from talking about carbon taxes which are transfer payments from fossil utilities and ratepayers.
It is one thing to plan a nuclear renaissance in the U.K. It is an entirely different matter to pay for it. Brownouts by 2017 are a real threat if decisions to build are not made in the next year.
The major utilities planning to build nuclear reactors in the U.K. have told the ruling government it is dreaming if it thinks the reactors will be built without a floor price on carbon that raises real money for energy infrastructure.
Read all about it exclusively at Cool Hand Nuke, a nuclear jobs portal and a whole lot more.
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