A major business group has called on the government to commit to new nuclear power projects if the UK is to meet its net-zero carbon target of 2050.The CBI set out a wish-list in a letter to the business secretary Greg Clark as the company behind the Hinkley Point C project – the only one currently under construction – announced a milestone moment.EDF Energy said contractors had completed work on the base of the first of the two reactors, allowing construction of buildings above ground to begin.The concrete base, reinforced with 5,000 tonnes of steel, took six months to finish.The plant is due to be operational by the mid-2020s and will be able to produce enough electricity to power 7% of the country’s needs. Advertisement The government sees new nuclear as crucial to the UK’s mix of energy production as coal is phased out and replaced with renewables, such as solar and wind. Gas remains a core element.But there have been several setbacks for its nuclear ambitions, with a number of schemes falling away because of funding difficulties including differences over the returns expected by investors. More from Business Home secretary expected to announce mandatory hotel quarantine for some travellers… Read full this story
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