Britain’s nuclear industry faces sharp U-turn
Given the balance of cost and risk, a renewables-based energy system now looks a safer bet than building new nuclear power plants
ByEd Clowes3 September 2020 • 6:00am
Covid-19 has upended the world. The New Normal is a 10-part series looking at the dramatic ramifications it has had for the world of economics and business. This final article looks at the energy sector, where a fall-out with China has led to a rethink on future power generation.
Standing outside Taishan nuclear power plant in October 2013, George Osborne made a momentous pledge. The then-Chancellor had travelled to the southern Chinese province of Guangdong to announce a bold new ambition for Britain’s energy industry.