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Urenco supports Net Zero Needs Nuclear: A Roadmap to 2024
30 June 2021 Global NewsToday, the All-Party Parliamentary Group on Nuclear Energy has published a paper called “Net Zero Needs Nuclear: A Roadmap to 2024”, which Urenco supports.
Facilitated by the UK Nuclear Industry Association, the paper articulates why the UK Government needs to make decisions in this Parliament to restore nuclear capacity to at least 10 GW by the early 2030s, which will help to build a net zero economy with prosperity shared across the UK.
The 10 actions identified in the paper would:
- Make it cheaper and easier to finance all nuclear projects
- Create two new large-scale nuclear projects to provide critical low-carbon power
- Enable the rapid deployment of Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs) and continued progress on fusion
It is forecast these actions could:
- Saved the UK up to 30 million tonnes of emissions per year by 2035
- Create more than 90,000 jobs across the UK
In addition there would be improved UK energy security and grid stability and the UK’s nuclear skills base would be retained.
Emilie Isaacs, Urenco Head of Government Affairs, said: “Without nuclear energy, and its contribution to hydrogen production, meeting a net zero target will be impossible or very, very costly. Nuclear perfectly complements renewables and hydrogen in a net zero world and these three technologies are the future of our energy world.
“The recognition of the valuable role nuclear can play in UK Government’s 10 Point Plan for net zero transition and subsequent Energy White Paper has been encouraging and we look forward to seeing and supporting the next steps to realise this ambition.”
More information on Net Zero Needs Nuclear: A Roadmap to 2024
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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