MORE bad news this week for those in the UK hoping that nuclear power will help keep global warming in check. Much of the cost of replacing the country’s 12 ageing nuclear power stations will have to come out of the public purse. What’s more, the energy from new reactors will cost almost three times industry predictions.
So say two independent reports released this week – one from Oxera, an economics consultancy group in Oxford, and another from the New Economics Foundation (NEF), a London-based think tank.
Oxera says that meagre returns on the estimated £8.6 billion needed to replace the…
