Antinuclear

World Nuclear News stresses that the industry can survive only with tax-payer funding

Banking on nuclear, World Nuclear News,  18 August 2014 The nuclear industry needs to satisfy the multi-criteria approach to risk that banks take when they decide whether to invest in a large infrastructure project. Only then, can it expect to attract this form of financing to nuclear new build projects, writes Ron Cameron.

Specifically, banks look for long-term certainty on price, stable government policy, industry reputation, regulatory certainty, the process for addressing planning and environmental issues and public acceptance, in addition to the economics of the project.

European wholesale electricity markets are currently not favourable to nuclear power,……..

there is a real difficulty in seeing where nuclear new build is going to come from in Europe, without government action. ……the UK is trying to do something about the market disadvantage which is keeping investors away from nuclear. ……

Other countries, too, are making clear that the State is behind nuclear new build. For example, in the US, new nuclear power plants are being built with loan guarantees and tax credits. …….http://www.world-nuclear-news.org/E-Banking-on-nuclear-1808201401.html

August 20, 2014 - Posted by Christina Macpherson | Uncategorized