The Climate, Environment and Energy Thread

[LP]

Like many announcements made by Boris Johnson, his statement that his Government was looking to build a single SMR at Trawsfynydd was kyboshed by the Sunak Government because the site is too small.

The 100 year decommissioning process is continuing … and that’s one of the reasons power companies like AGL will not invest in new nuclear power plants.

Not sure where you get that info, very odd claims, one group claiming the site is too contaminated to work on, while the other says it can be rebuilt within 5 - 7 years. Despite what you've read, the UK, Germany, and several other major players now see nuclear as the only hope of approaching anywhere near the carbon reduction targets in time and in a sustainable fashion.

I hope you're not putting too much stock in reports from the likes of AGL, you do know the "G" in AGL stands for "Gas"?

Big Coal and Gas have placed a bet, they are betting SolarPV and other renewable alternatives are going to fail to meet demand and reductions targets in the short to medium term. It'll get even worse if subsidies are removed due to economic pressures. The media report closures and decommissioning of traditional generation like coal and gas, when in reality it's actually being mothballed. It won't take much of an energy crisis over winter or summer for the politicians to beg those suppliers for energy at any price. Good news for your superannuation fund, bad news for the planet.