Tag: UK

French nuclear giant scraps SMR plans due to soaring costs, will start over

GILES PARKINSON – The federal Coalition has argued that nuclear might be expensive to build, but will deliver cheaper power to consumers. It has not explained how, but it has said that its reactors would be government owned, suggesting that – like France and Ontario – the costs would be borne by taxpayers and the supply of power to customers would be heavily subsidized.

‘Hundreds of problems’ at EU nuclear plants

BBC NEWS – Hundreds of problems have been found at European nuclear plants that would cost 25bn euros (£20bn) to fix, says a leaked draft report. The report, commissioned after Japan’s Fukushima nuclear disaster, aimed to see how Europe’s nuclear power stations would cope during extreme emergencies. The final report was to be published last Thursday. The draft says nearly all the EU’s 143 nuclear plants need improving.

Climate Change is Already Damaging Global Economy, Report Finds

FIONA HARVEY – Climate change is already contributing to the deaths of nearly 400,000 people a year and costing the world more than $1.2 trillion, wiping 1.6% annually from global GDP, according to a new study. The impacts are being felt most keenly in developing countries, according to the research, where damage to agricultural production from extreme weather linked to climate change is contributing to deaths from malnutrition, poverty and their associated diseases.