What subsidy or other financial guarantees will companies building nuclear power stations receive?
John replies: There won’t be any subsidies for new nuclear power stations. We have got to establish an effective price for carbon because CO2 is a pollutant and hopefully this will incentivise a range of low carbon technologies like nuclear and wind power for example. Lucy H: Nuclear Power is the BEST solution for significantly cutting carbon emissions. Yes or No? John replies: Lucy H – it is one of the lowest cost solutions so we have to keep it in play if we are going to succeed in tackling the challenge of climate change over the long term. Karen: Why have you given the green light for new nuclear power stations when they will at best only deliver a 4 per cent cut in carbon dioxide emissions sometime after 2021? John replies: Hi Karen. I think the 4% figure is based on an assumption about the numbers of new nuclear power stations, so I think that it is a mistake to think that it could only be 4%. Even if it was only 4%, this is the equivalent of taking a third of the cars off the ro
