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illuminem summarizes for you the essential news of the day. Read the full piece on POLITICO or enjoy below:
🗞️ Driving the news: The UK is facing a significant nuclear energy challenge as its once-robust fleet of nuclear power plants dwindles
• By 2028, only one operational plant will remain, with Sizewell B scheduled for maintenance shutdown in 2029
• Despite ongoing efforts to build new facilities like Hinkley Point C, projects are behind schedule and over budget, raising concerns about energy security and net-zero goals
🔭 The context: The UK’s nuclear sector peaked in the 1990s, supplying over 25% of the nation’s electricity
• Decades of political indecision, privatization, and reliance on foreign investment, especially from French-owned EDF, have hindered new nuclear development
• Existing plants are operating beyond their intended lifespans, and future projects face delays and budget overruns
🌍 Why it matters for the planet: Nuclear power is crucial for the UK's carbon-free energy ambitions, accounting for 15% of its energy mix
• The impending shutdowns pose a threat to meeting net-zero targets, potentially increasing dependence on fossil fuels and foreign energy
• Delayed nuclear expansion could undermine the country's climate commitments
⏭️ What's next: The UK government must accelerate nuclear investments, with Sizewell C's funding and other projects hanging in the balance
• Energy Secretary Ed Miliband faces pressure to act decisively to secure energy stability and advance climate goals
• Long-term plans must address the skill gaps in nuclear engineering and boost domestic supply chains
💬 One quote: “There isn’t a credible path to net zero [without nuclear]" - Charlotte Nicholls, Labour MP and former co-chair of parliament’s nuclear energy group
📈 One stat: The Hinkley Point C budget has surged from £18 billion to £46 billion, with its expected completion now delayed to 2031
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