Energy White Paper Supports Prominent Role for the UK in Advanced Nuclear Technologies - advanced nuclear reactors
4 January 2021
Client Alert | Energy | Nuclear | Advanced Nuclear Reactors
The long-awaited Energy White Paper Powering Our Net Zero Future, published on 14 December 2020, sets out an ambitious pathway to decarbonisation for the UK with a target to achieve net zero carbon emissions by 2050. As anticipated, the White Paper reignited the country's nuclear ambitions by recognising the important role that nuclear will play in the UK's future energy mix - both traditional large-scale nuclear new-builds and advanced nuclear technologies.
The White Paper built on the Ten Point Plan's commitment to create an Advanced Nuclear Fund of up to £385 million, including £215 million for Small Modular Reactors (SMRs) and up to £170 million for further research and development into Advanced Modular Reactors (AMRs). This will be supplemented by an additional £40 million to develop a regulatory framework and supporting UK supply chains.
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