Climate change is real: it is critical to focus on how the UK can achieve its legally binding commitment to reach net zero by 2050. To hit net zero, we need to decarbonise electricity generation and generate more electricity to support the electrification of our heating and transport sectors. We need to make big changes to achieve these targets, while ensuring that our lights stay on and our economy isn’t affected.
Sizewell C is the company responsible for delivering the Sizewell C new nuclear power plant. Nuclear power provides vital low carbon firm power to the UK electricity grid. The Sizewell C project will be a copy of the Hinkley Point C EPR reactor design but will be financed in a very different way. The Government is currently consulting on the RAB model for new nuclear which enable private investment. Using a fixed design (the Hinkley design was only finally approved by the regulator last year) and because Sizewell C is a copy will help reduce the costs and risks for investors and consumers.
Sizewell C is excited to be at the forefront of the UK’s aim to achieve net zero by 2050 providing approximately 7% of current UK demand in low carbon generation. Sizewell C is also very focussed on the difference that it can make to the local community and the UK as a whole providing high quality employment opportunities, training and development, and encouraging gender diversity in nuclear.
- 26 March 2020 18:30
Roux at Parliament Square
11 Great George Street, Westminster, London, SW1P 3AD, England, United Kingdom
mallowstreet University Dinner: Net Zero – The Need for Nuclear
The Sizewell C team at EDF Energy would like to invite you to discuss the need for nuclear as part of the UK’s electricity mix to help us achieve net zero.
Climate change is real: it is critical to focus on how the UK can achieve its legally binding commitment to reach net zero by 2050. To hit net zero, we need both to decarbonise electricity generation and to generate more low carbon electricity (to support the electrification of our heating and transport sectors – and the power cut in August showed us how dependent our society is on electricity). We need to make big changes to achieve these targets, while ensuring that our lights stay on and without doing damage to our economy. France and Sweden are countries that have achieved a low carbon electricity mix using a mix of nuclear and renewables, proving to us that it can be done.
Wind and solar provide us with affordable, low carbon, renewable energy but we need to ensure we have electricity whatever the weather. We have to provide alternatives to gas and coal for firm dispatchable power sources. Nuclear power provides firm, low carbon power whatever the weather.
The Sizewell project will also provide a huge amount of regional investment, job opportunities, training and skills development as well as a reducing carbon emissions. The Sizewell Project is committed to ensuring that environmental, social and good governance are at the heart of the project from the outset.
The Government is currently consulting on implementing the regulated asset based model for new nuclear, enabling us to provide a long-term inflation linked, ESG compliant investment opportunity: an exciting opportunity to invest in reducing the UK’s carbon emissions.