Johnson is working to increase nuclear power plants to 20% of the country’s energy by 2050. Constantly increasing cost of living.
Boris Johnson sees the cost of living for the British people rising dramatically in recent months while at the same time the country’s debt level has reached historically high levels, reaching 104% of GDP for 2021.
The war in Ukraine has exacerbated the problem, and the British prime minister is now looking to nuclear energy as a key way out of the country’s energy independence.
On Monday, Boris Johnson met with nuclear executives on Downing Street to see how an abandoned industry for the UK would flourish again. It is true that for years the British government was skeptical of nuclear energy mainly because of the costs and waste it generates.
The UK’s relationship with nuclear energy
That is why the country, although 15% energy-dependent on nuclear energy, has to open a new nuclear plant since 1995. In total, the country has 13 nuclear reactors in 6 plants, with the vast majority of them having to close before 2030 due to age.
Johnson’s goal is not only to rebuild existing plants but also to open new ones, so that by 2050 25% of energy needs will be met by them. To achieve this, of course, he must make a rally to find investors.
Johnson currently has enough thoughts to achieve the goal. It is a fact that everyone is trying to reduce coal production, with international capital turning to renewable energy sources. With that in mind, one way is for the British prime minister to label nuclear energy “green”, despite environmentalists’ concerns about waste, and secondly to create a new economic mechanism that will help investors reduce plant development costs.
At the same time tomorrow, the Minister of Finance Risi Sunak, who is opposed to the increase of nuclear weapons in the country, is expected to submit the annual budget to the British Parliament.
British citizens, however, are already seeing energy bills rise by 54%, food is constantly rising in price and shelves are in short supply due to the inevitable problems in the supply chain.
Zoe Katzagiannaki, London
Source: Deutsche Welle
Source: Capital
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